Japanese player to pour $500 million into EIG’s LNG business

Tokyo-based Idemitsu Kosan is setting the stage for full-scale entry into the liquefied natural gas (LNG) business with its multimillion-dollar investment in MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG). The post Japanese player to pour $500 million into EIG’s LNG business appeared first on …

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Europe and Japan signal readiness to secure Hormuz as tanker traffic resumes selectively

The conflict around the Strait of Hormuz is starting to draw in global powers, as disruptions to shipping and energy flows raise concerns about wider economic fallout. European nations and Japan have said they are ready to support efforts to improve security in the Strait of Hormuz, as the war with Iran continues to disrupt …

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US shipping, supply chains pressured as Middle East conflict raises costs

The US-Iran conflict and subsequent closure of the Strait of Hormuz is putting upward pressure on both liquid tanker and container rates, increasing costs for shippers regardless of trade lane, while at the same time costs to move freight domestically via rail and truck are also rising amid changing federal and state regulations. All these …

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Clean Arctic Alliance Welcomes Coming into Force of Emission Control Areas for Shipping

Reacting to the coming into force of the Canadian Arctic and Norwegian Sea emission control areas (ECAs) on March 1, Dr Sian Prior, Lead Advisor to the Clean Arctic Alliance said: “The Clean Arctic Alliance welcomes the entry into force of the two new emission control areas (ECAs) in the Canadian Arctic and Norwegian Sea, …

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US explored linking Hormuz naval escorts to government insurance

The Trump administration considered plans to require ships escorted by the U.S. Navy through the Strait of Hormuz to buy insurance from the U.S. government, the Financial Times reported on Thursday. U.S. President Donald Trump had earlier signaled that Washington would insure commercial vessels seeking to transit the strategic waterway, as its near closure by …

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Transocean, Noble, COSL, Seadrill, and Valaris pinpointed as rig backlog powerhouses

While taking a deep dive into the floater rig market and top floating rig managers based on the current total backlog for 2026, Westwood Global Energy, an energy market research and consultancy firm, has spotlighted five offshore drilling players – Transocean, Noble, COSL, Seadrill, and Valaris – as the ones that share the largest slices …

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South Asia’s $107 billion LNG gamble facing finance and energy supply threats amid Middle East conflict

With instability and vulnerabilities looming across global markets and power systems in the wake of the U.S. and Israeli attack on Iran, South Asia’s planned multibillion-dollar liquefied natural gas (LNG) infrastructure expansion is exposed to economic and energy security risks, according to Global Energy Monitor’s Asia Gas Tracker, a provider of comprehensive dataset of gas infrastructure …

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Malaysian shipowner scoops up eight new vessel gigs

Keyfield International, a Malaysian fleet owner of offshore vessels, has picked up new assignments across Malaysia, the Middle East, and Thailand for seven accommodation work boats (AWB) and one anchor handling tug supply (AHTS) vessel. The post Malaysian shipowner scoops up eight new vessel gigs appeared first on Offshore Energy.

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