Singapore shipyard group Seatrium has signed a memorandum of understanding with energy giant BP for a second floating production unit project in the US Gulf of Mexico. Under the agreement, Seatrium would carry out the engineering, procurement, construction, and commissioning of an FPU for the Tiber project, located some 480 km southwest of New Orleans […]
Continue ReadingDaily Standup Top Stories US stuns European allies, opens Ukraine peace talks with Russia February 12, 2025 Mariel Alumit BRUSSELS – Donald Trump said on Wednesday he and Vladmir Putin had agreed to open talks to end Russia’s war in Ukraine “immediately”, after his defence secretary said it was “unrealistic” that Ukraine’s pre-2014 […] Saudi Arabia’s […]
Continue ReadingCrude oil reclaimed the 50-Day MA at $72.83, signaling strength. Watch resistance between $74.60-$74.89 and potential support at $70.91. Crude Oil Price Forecast Today , Technical Analysis (February 11): WTI, Brent Target Higher Levels Watch this video on YouTube. Crude oil further confirmed the recent swing low of $70.91 as support. On Tuesday, crude triggered a […]
Continue ReadingDaily Standup Top Stories How has green energy policies impacted the environment, society, and our financial systems? DOGE found that the Inflation Reduction Act was funding change. February 11, 2025 Clark Savage But what change you ask, well let’s start with the Inflation Reduction Act and what the huge “Porkulus Bill” as Dan Bongino has called […]
Continue ReadingWith reports swirling that the European Union is contemplating seizing ageing substandard shadow tanker tonnage transiting through the Baltic, Alexey Zhuravlev (pictured), first deputy chairman of Russia’s State Duma Committee on Defence, has vowed retaliation. European news organisation Politico reported earlier this week that the EU was discussing apprehending shadow tankers leaving Russia and heading […]
Continue ReadingPavel Sorokin, Russia’s first deputy energy minister, said supplies to India, a key market for Russian crude, will continue despite Western pressure Russia will continue supplying oil to global markets despite sanctions pressure, First Deputy Energy Minister Pavel Sorokin has insisted. Speaking at India Energy Week in New Delhi on Tuesday, Sorokin noted that […]
Continue ReadingU.S. sanctions against Russia’s oil exports and trade should not hinder Russian energy trade with India, Russia’s first deputy energy minister, Pavel Sorokin, said on Tuesday. Indian refiners are scrambling for alternatives after the U.S. sanctions designated hundreds of tankers, as well as oil traders, last month. Since the Russian invasion of Ukraine and the […]
Continue ReadingBP (NYSE: BP) on Tuesday pledged to fundamentally reset its strategy as it booked its lowest annual and quarterly profits in years and seeks to push up its stock performance and regain investor trust. “Building on the actions taken in the past 12 months, we now plan to fundamentally reset our strategy and drive further […]
Continue ReadingDaily Standup Top Stories Iran Says Trump’s Maximum Pressure Will Fail to Drive Its Oil Exports to Zero February 10, 2025 Mariel Alumit The new U.S. Administration’s maximum pressure campaign on Iran will fail – again – and will not achieve its goal to drive the Islamic Republic’s oil exports to zero, Iran’s Oil Minister Mohsen […]
Continue ReadingCrude has six times more water than industry standard Pemex was hit with complaints and demands for discounts US oil refiners along the Gulf Coast are snubbing shipments from Mexico and instead turning to Colombia and Canada amid complaints that Petroleos Mexicanos is increasingly delivering crude that’s unfit to make gasoline and diesel. Refiners in Texas and […]
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