The U.S. Energy Information Administration forecasts non-OPEC crude oil production to increase by 1.8 million barrels per day this year. OPEC+ has maintained output cuts for three years, reducing its global market share from 53% […]
The Trump administration is intensifying its crackdown on Iranian oil shipments to China. Unlike his first term, Trump’s second presidency is actively using economic and geopolitical pressure. The Trump administration is targeting tankers, brokers, financiers, […]
Ukraine has rejected a bid by the US to own 50% of the country’s rare earth minerals, as President Volodymyr Zelenskiy seeks to negotiate a better deal, the Financial Times reported. US Treasury Secretary Scott Bessent presented […]
UK floater player Altera Infrastructure has sold its FPSO unit Petrojarl I to Aberdeen-headquartered Amplus Energy. Described as the most deployed FPSO in history, the 1986-built vessel is changing hands for an undisclosed sum after […]
California is home to 9 International airports, 41 Military airports, 3 of the largest shipping ports in America, as well as more than 30 million registered vehicles, all of which cannot operate without imported foreign […]
Estonian Cell has suspended production after electricity prices hit record highs last week, Delfi has reported Estonia’s largest pulp mill has halted production due to skyrocketing electricity prices after the Baltic nation disconnected from the […]
Oman LNG announced the supply deal via social media on Tuesday, but it did not provide further details. The 10-year deal is for 800,000 metric tons per year of LNG, according to the Omani state […]
Daily Standup Top Stories Why China is Winning the Nuclear Energy Race February 17, 2025 Clark Savage China has significantly increased its nuclear energy capacity in the last decade, positioning it to become the world’s largest […]
Offshore rig owners Arabian Drilling and Shelf Drilling have signed a memorandum of understanding to form a strategic alliance. Under the agreement, Shelf Drilling will seek to use some of Arabian Drilling’s high-specification jackup rigs […]
Venture Global announced on Monday that it has notified its long-term customers that its Calcasieu Pass facility will start commercial operations on April 15, 2025. “The facility will achieve its commercial operation date, or COD, […]
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