Partners to establish CO2 logistics hub in Stockholm
Marine energy infrastructure firm Höegh Evi and Norway oil exploration and production company Aker BP are working with Ports of Stockholm to establish a CO₂ logistics hub and enable sustainable…
UMC and Polar Semiconductor tie up to scale US chip production
Global semiconductor foundry United Microelectronics Corporation (UMC) and US-based Polar Semiconductor are to collaborate on delivering scalable eight-inch production of wafers for use across automotive, data center, consumer electronics, and…
U.S. Waiver Lets Lukoil Stations Abroad Keep Operating Despite Sanctions
The Treasury Department has quietly issued an exception to its own Russian sanctions list, allowing transactions with Lukoil-branded gas stations that are outside Russia through April 29, 2026. On paper,…
Oil Tanker Rates Skyrocket by 467% Amid Shipping Chaos
The daily rates for chartering a vessel to transport commodities have surged this year, with oil tanker rates skyrocketing by 467%, as shippers of a growing commodity supply are grappling…
US Extends Reprieve for Lukoil Fuel Stations Outside Russia
The Trump administration extended a waiver for Lukoil PJSC’s gas stations outside of Russia, allowing them to continue operations until late April 2026. The measure by the US Treasury Department’s…
Gorgon Stage 3 reaches financial close
Chevron Australia and the Gorgon Joint Venture Participants have taken a final investment decision (FID) on the Gorgon Stage 3 LNG development off the northwest coast of Western Australia. The…
Oil Exports from Russian Black Sea Ports Dip on Attacks and Storms
Crude oil exports from the Russian terminals on the Black Sea were much lower in November than originally planned as bad weather and Ukrainian attacks on infrastructure have delayed loadings…
Argentina Sees Greenlight for $20 Billion LNG Project in Mid-2026
Argentina’s state-run energy firm YPF expects to take together with its foreign partners the final investment decision for the $20-billion Argentina LNG project in the middle of 2026, YPF’s chief…
Edison to Invest $700 Million in Renewable Energy in Italy
Edison will launch next year renewable power projects worth more than $700 million (600 million euros) that will add over 500 megawatts to its renewables capacity in Italy, the Italian…
Vår Energi Makes Oil Discovery Near Arctic Field in Norway
Vår Energi confirmed on Thursday an oil discovery very close to its Goliat field in the Barents Sea, the first operating Arctic oilfield offshore Norway.Vår Energi, the top independent producer…
