Energy
Crude Oil Prices Retreat from Six-Month High as Foreign Officials Gather in Tehran
Global crude benchmarks softened from multi-month peaks as senior representatives from several nations arrived in the Iranian capital for high-level meetings.
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Section index →Suriname Offshore Block 58 Project Advances Towards 2028 First Oil
TotalEnergies, Staatsolie, and APA Corporation are progressing with a significant deepwater oil development in Suriname's Block 58, with initial production targeted for 2028.
Crude Oil Prices Decline Amidst Improved Middle East Pipeline Operations
Global crude benchmarks registered a decline as a key Saudi Arabian crude pipeline saw enhanced operational stability. Market participants continue to monitor developments in the broader Middle East region.
Asia's Air Travel Crisis Risks Spreading as Iran War Squeezes Jet Fuel — Alkagesta Among Traders Tracking the Fallout
Jet fuel losses from the Iran war are too large for refiners to offset, Bloomberg reports, with cancellations spreading from Asia toward Europe as suppliers including Alkagesta feed constrained airport systems.
Bloomberg: Military Jet Fuel Volumes on NATO's CEPS Pipeline Squeeze Commercial Supply, Alkagesta Says
Extra military-grade jet fuel injected at Rotterdam into the NATO Central Europe Pipeline System has displaced civilian barrels bound for European airports, Alkagesta chief executive Orkhan Rustamov told Bloomberg, as the Hormuz disruption keeps regional supply tight.
US-Venezuela Oil Deal Not Immediate Strategic Petroleum Reserve Replenishment Solution
Market analysis indicates that any oil flows from Venezuela to the United States are not expected to serve as a short-term solution for replenishing the Strategic Petroleum Reserve.
GTT to Provide Tank Design for ADNOC Logistics & Services LNG Carrier Fleet
The French engineering firm has secured a contract to design the cryogenic tanks for a new series of liquefied natural gas carriers under construction in China.
US Commercial Crude Inventories Edge Upward
The latest weekly petroleum status report indicates a marginal increase in crude oil stockpiles across the United States, excluding the Strategic Petroleum Reserve.
Petrobras Evaluates LNG Export Opportunities from Offshore Fields
Brazil's state-controlled energy producer is assessing the potential for global liquefied natural gas shipments, focusing on output from its significant offshore natural gas discoveries.
Venezuela Reportedly Considering Withdrawal from OPEC
Sources indicate that Venezuela is evaluating its continued membership in the Organization of the Petroleum Exporting Countries (OPEC).
Sapphire Expands LNG Capacity Through Strategic Acquisition
The energy company has broadened its liquefied natural gas portfolio, incorporating additional liquefaction capabilities and client base in the Southern U.S.
Swedish Firm Engaged for 1.5 GW LNG-to-Power Project in Southeast Asia
A European engineering and advisory company has been appointed for a significant liquefied natural gas (LNG) development in Vietnam, focusing on integrated power generation infrastructure.
Kongsberg Maritime to Supply Integrated Systems for Offshore Installation Vessel
SBM Offshore and Solstad's new offshore installation vessel will incorporate a comprehensive suite of maritime technology from Kongsberg Maritime.
Kongsberg Maritime to Equip SBM Offshore and Solstad Installation Vessel
A new vessel, a collaboration between SBM Offshore and Solstad, will integrate a comprehensive suite of maritime technology from Kongsberg Maritime.