Strait of Hormuz Tensions Drive 60% Surge in Tanker Rates
Tanker rates for the route via the Strait of Hormuz have doubled since Israel started bombing Iran last Friday, the Financial Times has reported, citing shipowners growing reluctance to sail…
Shell CEO Warns of Supply Chain Disruptions in Middle East
Shell is being “very careful” with its tanker movements in the Middle East amid the hostilities between Israel and Iran, Reuters reported today, citing chief executive Wael Sawan. “The escalation…
Spain blackout caused by poor management of excess energy
A report into the cause of the Iberian power cut in April found it was caused by a glut of solar power that was badly managed. Plunging prices triggered a…
US RNG Coalition reaches 500th facility milestone
The 500th renewable natural gas (RNG) facility has been commissioned in North America, according to the RNG Coalition. RNG is known as biomethane or upgraded biogas in other jurisdictions. A…
Canada Could Begin First Pacific LNG Production This Weekend
Canada could produce its first-ever liquefied natural gas (LNG) for export from the Pacific coast as early as this weekend, according to industry sources familiar with project timelines cited by…
Norway’s State-Owned Utility Announces Sweeping Cost Cuts
Norwegian state-owned utility Statkraft announced plans on Wednesday to slash annual costs by 2.9 billion NOK ($292 million) by 2027, warning that staff layoffs may follow in the second half…
Orlen eyes European hydrogen supply network after funding boost
Polish multinational operator Orlen plans to build a hydrogen supply network around Poland and into Europe after securing PLN1.7bn ($459m) of grant funding for two clean hydrogen projects. The funds…
Commonwealth LNG gains final approval and targets 2029 start-up
Commonwealth LNG, a 9.5 million tonnes a year liquefied natural gas export project on the Calcasieu Ship Channel near Cameron, Louisiana, has received final approval from US government agency the…
Dangote Refinery To Ship Its First Gasoline Cargo Out of Africa
The Dangote oil refinery in Nigeria, Africa’s largest crude processing facility, is set to ship its first gasoline cargo out of the African region with a vessel heading for Asia,…
Iran Is Rushing To Export Oil Following Israeli Attacks
Iran has hiked its daily oil exports by 44% since the first Israeli attack on the Islamic Republic on Friday, as Tehran appears to aim to ship out as much…
