Tag: Global Energy

Oil Slides More Than $7 On Inflation, Iraq Exports
August 31, 2022 No Responses

Oil Slides More Than $7 On Inflation, Iraq Exports

Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent...
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TotalEnergies, COSCO In Milestone Biofuel Bunkering Operation
August 26, 2022 No Responses

TotalEnergies, COSCO In Milestone Biofuel Bunkering Operation

TotalEnergies Marine Fuels has completed the first refuelling of a COSCO Shipping Lines containership with sustainable marine biofuel. This is TotalEnergies’ first biofuel bunkering operation for a containership in Singapore. According to World Maritime News...
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Saudi Oil Giant Tops Own Record With $48.4b Profit 
August 15, 2022 No Responses

Saudi Oil Giant Tops Own Record With $48.4b Profit 

Saudi oil giant Aramco has broken its own record with a $48.4bn (£39.8bn) profit for the second quarter of 2022.  It is a 90% year-on-year increase and marks the biggest earnings for the world’s largest energy exporter since its public...
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Samsung Wins $3b Contract For 14 LNG Carriers 
June 23, 2022 No Responses

Samsung Wins $3b Contract For 14 LNG Carriers 

South Korean shipbuilder, Samsung Heavy Industries (SHI) has received orders for the construction of a total of fourteen Liquefied Natural Gas (LNG) carriers.  According to World Maritime News, on 21 June, 2022, SHI won an order from an undisclosed Bermud...
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Oil Tumbles On Global Economic Worries
May 11, 2022 No Responses

Oil Tumbles On Global Economic Worries

Oil prices tumbling more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand.  Reu...
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Oil Edges Up On Supply Jitters
May 6, 2022 No Responses

Oil Edges Up On Supply Jitters

Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.  Reuters report that pressure from a stronger dollar and a drop in global...
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LNG Carrier: CoolCo Completes Acquisition From Golar 
April 8, 2022 No Responses

LNG Carrier: CoolCo Completes Acquisition From Golar 

The newly formed shipping company, CoolCo has completed all eight acquisitions of LNG carriers from Bermuda-based shipper Golar LNG. Cool Company disclosed that it completed the last two acquisitions of eight modern LNG tankers from Golar LNG on Apri...
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KSOE Secures $448.1m Order For Two LNG Carriers
April 3, 2022 No Responses

KSOE Secures $448.1m Order For Two LNG Carriers

South Korean shipbuilder Korea Shipbuilding & Offshore Engineering (KSOE) has secured an order for the construction of two liquefied natural gas (LNG) carriers. The order, valued at KRW 545.8 billion (about $448.1 million), has been placed by an undisclose...
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US Orders Release Of Oil Reserves 
April 1, 2022 No Responses

US Orders Release Of Oil Reserves 

US President Joe Biden has ordered a major release of oil from America’s reserves in an effort to bring down high fuel costs.  The release of up to 180m barrels of oil over six months is the largest since the...
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Why India Is Buying More Russian Oil 
March 29, 2022 No Responses

Why India Is Buying More Russian Oil 

(BBC) Russia is seeking new markets for its oil exports as Western sanctions tighten – and India has been taking advantage of discounted prices to ramp up imports from the country.  The US has said that although these oil imports...
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EU, US Seal Gas Deal
March 26, 2022 No Responses

EU, US Seal Gas Deal

The United States (US)  and the European Union (EU) have announced a major deal on liquified natural gas, in an attempt to reduce Europe’s reliance on Russian energy.  BBC reports that the agreement will see the US provide the EU with...
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Shell Reconsiders Exit From Oil Field Off Shetland
March 22, 2022 No Responses

Shell Reconsiders Exit From Oil Field Off Shetland

Shell is reconsidering its recent decision to pull investment from a large new UK oil field, the BBC understands. In December, Shell said the economic case – along with possible regulatory delays – meant it was withdrawing from the Cambo...
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Japan Presses UAE To Pump More Oil 
March 21, 2022 No Responses

Japan Presses UAE To Pump More Oil 

Japan on Sunday urged the United Arab Emirates to pump more oil to calm markets rocked by Russia’s invasion of Ukraine, the latest major consumer to lobby Gulf producers.The plea by Japan’s Foreign Minister Yoshimasa Hayashi came during m...
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Can LNG Replace Russian Gas In Europe?
March 2, 2022 No Responses

Can LNG Replace Russian Gas In Europe?

By Ed Cox, Head of Global LNG at ICIS — LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals...
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