Norway Seizes Russian Cruise Ship to Enforce Naftogaz's $4.22 Billion Claim
Norway has seized a Russian commercial cruise ship off the Svalbard archipelago at the request of Ukrainian oil and gas firm Naftogaz, which is seeking …
Read Full ArticleU.S. Diesel Prices Surge Toward All-Time High
The average price of diesel in the United States hit $5.7832 per gallon on Thursday, which is just three cents lower than the record-high of …
Read Full ArticleRussia’s Oil Revenue Sinks as Urals Falls to $59
Russia collected 326.2 billion rubles, or about $3.76 billion, in net oil revenue in August, down 22% from a year earlier and the lowest monthly …
Read Full ArticleRussia Says Oil Output Drop Is Temporary as Refineries Restart
The dip in Russian oil production is only temporary, as output is expected to recover once refineries come back online after unscheduled maintenance, Deputy Prime …
Read Full ArticleEU Vows Tougher Russia Measures After Leipzig Drone Attack
The recent incident at Leipzig Airport in which explosive-laden drones interrupted flights is the "new normal," European Commission President Ursula von der Leyen said on …
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Diversified strikes $1.8bn deal for Permian operator Birch
Diversified Energy has agreed to acquire Birch from Elliott Investment Management for price of around $1.8bn.
Read Full ArticleHormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns
Japan’s Mitsui OSK Lines, the world’s largest tanker operator, expects the shipping disruptions at the Strait of Hormuz to continue for longer than previously expected, …
Read Full ArticleIraq Hikes Oil Exports via Hormuz in Boon for Asian Refiners
OPEC’s second-largest producer, Iraq, more than doubled its crude oil exports via the Strait of Hormuz in August as it offered month-watering discounts for loadings …
Read Full ArticleGlobal Refining Crunch Could Keep Fuel Prices High Into 2027
Damaged refineries in the Middle East and Russia and insufficient capacity elsewhere to offset the supply disruptions will likely keep global fuel prices elevated into …
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Ansaldo Energia advances fuel flexibility strategy to H₂ and HVO
Ansaldo Energia has secured TÜV SÜD Hydrogen Readiness certification for its GT36 and DNV validation for HVO operation of the AE94.3A combustion system.
Read Full ArticleEurope’s Low Gas Stocks Set Stage for Winter LNG Battle
Europe’s lowest levels of natural gas in storage in nearly two decades risk intensifying the race for LNG supply in the coming months as both …
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Subsea7 secures contract from LLOG Exploration in US Gulf
Subsea7 has secured a contract from LLOG Exploration for offshore work related to the Who Dat East development in the US Gulf of Mexico.
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