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Home2024March

Month: March 2024

First crude oil offtake
Crude Oil News

First crude oil offtake from new FPSO represents ‘historic achievement in India’s energy sector’

March 4, 2024 Mariel Alumit

India’s government-owned energy giant Oil & Natural Gas Corporation (ONGC) has held a flag-off ceremony for the first crude oil offtake from a floating production, storage, and offloading (FPSO) vessel, which is working at what […]

Oil Supply
Crude Oil News

OPEC Plus Extends Oil Supply Curbs to June

March 4, 2024 Mariel Alumit

OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices. The curbs — which on paper total roughly 2 million barrels a day — will remain […]

Gasum
LNG

Gasum to launch new LNG station in Sweden

March 4, 2024 Stu Turley

Finnish state-owned energy firm and LNG supplier, Gasum, will this month open a new LNG and CNG fueling station for trucks in Sweden. According to a statement by Gasum, the company’s latest station will open […]

LNG-to-power project in Philippines
Electrical Generation / Utilities

Three firms join forces on $3.3 billion LNG-to-power project in Philippines

March 4, 2024 Mariel Alumit

Power companies Meralco PowerGen, Aboitiz Power, and San Miguel Global Power have teamed up on an LNG-to-power project in the Philippines worth about $3.3 billion. According to a joint statement, MGen and AP will jointly […]

Green Deal
Climate Crisis

Poland negotiates exemption from Green Deal provisions

March 4, 2024 Mariel Alumit

  The Polish government is negotiating with Commission President Ursula von der Leyen for the country to be exempted from some provisions of the European Green Deal, a minister has confirmed to the media. The […]

PetroVietnam Gas
International News

PetroVietnam Gas to launch LNG trucking business

March 4, 2024 Mariel Alumit

PetroVietnam Gas, a unit of state-owned PetroVietnam, will this month officially start supplying liquefied natural gas via trucks from its Thi Vai LNG import terminal. “PV Gas officially announces the launch of LNG business by […]

Price
Financial Crisis

Price of major food staple spikes 50% in EU

March 4, 2024 Mariel Alumit

  Olive oil costs across the bloc have been on the rise since mid-2023, according to Eurostat Olive oil prices have skyrocketed across the EU over the past year amid unfavorable weather conditions, which have […]

Massachusetts solar growth
Energy Transition

As Massachusetts solar growth lags, stakeholders debate changes to state incentives

March 4, 2024 Mariel Alumit

  Climate advocates, public officials, and the solar industry are asking Massachusetts to update its solar incentive program to reignite slowing growth in the sector while making the system fairer and more effective. The Solar […]

insurance
Exports

Kyiv fixes insurance for more Black Sea cargoes

March 4, 2024 Mariel Alumit

The Presidential Office of Ukraine Insurance broker Marsh McLennan and Lloyd’s of London underwriters have expanded the Ukraine-backed marine war insurance programme from just grain shipments to all non-military cargo. The initial programme to cut […]

Rubymar’s sinking
ESG

Rubymar’s sinking poses ‘major environmental crisis’ in the Red Sea

March 4, 2024 Mariel Alumit

US Central Command The Red Sea shipping crisis has entered a new chapter with the sinking of the Rubymar bulk carrier early on Saturday morning. The insurance situation regarding the Lebanese-owned, Greek-managed, Belize-registered ship remains […]

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