UK-based energy giant BP expects its LNG supply portfolio to increase to more than 25 million tonnes per annum by 2025, beating its previous target, according to CEO Murray Auchincloss. BP previously set a target […]
US liquefaction plants shipped 24 liquefied natural gas (LNG) cargoes in the week ending February 7, while natural gas deliveries to these terminals decreased by 4.9 percent compared to the week before. The EIA said […]
Almost 50 environmental justice groups on Tuesday sent a letter to leaders of the federally-funded Midwestern hydrogen hub, imploring them not to try to loosen requirements for tax incentives for hydrogen produced with clean […]
French shipowner Louis Dreyfus Armateurs (LDA) will install Norsepower Rotor Sails on a new low-emission roro fleet to be chartered to Airbus. The Norsepower Rotor Sail is a modernised version of the old Flettner rotor […]
US supermajor ExxonMobil has reserved up to four slots for shuttle tanker newbuilds in South Korea. Shipbuilding sources report Samsung Heavy Industries winning a tender for a pair of 150,000 dwt units with delivery in […]
Maersk / Singapore MPA AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the global average temperature increase at 1.5C above […]
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) took its second price cap enforcement action of 2024 yesterday, imposing sanctions on four entities and identifying one Gabon-flagged vessel as blocked property, […]
Last night’s event was sensational, but what was the real motivation behind the Kremlin encounter? A few years ago, Russia was accused of interfering in American political processes. Now the opposite has happened. US domestic […]
Industrial metals are all trading below levels seen this time last year and while nickel’s rout has been grabbing headlines, copper’s bad start to the year after a disappointing 2023 points to broader weakness. […]
The much improved (or rather less horrible?) trade deficit was one of the reasons GDP was much stronger than expected. By Wolf Richter for WOLF STREET. The US trade deficit in goods and services in the year 2023 […]
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