GOGL lowers carbon footprint as it progresses towards ‘truly green’ fleet

Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) revealed a 13.3% reduction in the Carbon Intensity Indicator (CII) across all segments of its fleet compared to a 2019 baseline. The post GOGL lowers carbon footprint as it progresses towards ‘truly green’ fleet appeared first on Offshore Energy.

100th LNG cargo comes at one German terminal as dredging work kicks off at another

Germany’s state-owned operator Deutsche Energy Terminal (DET) has received its 100th liquefied natural gas (LNG) shipment at one of the four LNG terminals it operates in the country. Additionally, it started dredging activities in preparation for the commissioning stage of a floating storage regasification unit (FSRU) anchored at one of the terminals. The post 100th …

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Shell, BP, TotalEnergies, Eni, ExxonMobil, Chevron, and ConocoPhillips ride oil & gas demand wave, cashing in close to $32 billion in total profit

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have collected a staggering $31.65 billion in combined profit during the second quarter of 2024. The post Shell, BP, TotalEnergies, Eni, ExxonMobil, Chevron, and ConocoPhillips ride oil & gas demand …

Shell, BP, TotalEnergies, Eni, ExxonMobil, Chevron, and ConocoPhillips ride oil & gas demand wave, cashing in close to $32 billion in total profit Read More »

VLCC Market: Is the Bottom In?

Clean LR2 LR’s in the MEG were subject to increased downward pressure again this week. The 75Kt MEG/Japan TC1 index dipped 15.28 points to WS135.28. The 90kt MEG/UK-Continent of TC20 similarly was knocked down to $4.2 million (down $356,250). West of Suez, Mediterranean/ LR2’s on TC15 dropped $641,000 below $4 million to $3.49 million. LR1 …

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