The billionaire has weighed in on a potential imminent escalation of the Ukraine conflict US entrepreneur Elon Musk has reacted with foreboding to President Vladimir Putin’s warning to NATO about the consequences of potential long-range […]
Last week, Atlantic rates dropped below $60,000 per day. “Spark30S Atlantic rates continued to fall this week, dropping $1,500 to $57,750 per day,” Qasim Afghan, Spark’s commercial analyst told LNG Prime on Friday. Image: Spark He […]
Hurricane Francine made landfall Wednesday on the Louisiana coast before being downgraded to a tropical storm, taking some energy infrastructure offline along the U.S. Gulf Coast from Louisiana through Alabama. Detailed information on energy infrastructure […]
Japan’s shipping firm MOL and a unit of US energy giant Chevron joined forces on what they say is the world’s first LNG carrier equipped with wind-assisted ship propulsion systems. MOL and Chevron Shipping entered […]
Scotland’s only oil refinery is to close by the summer of next year, with the loss of 400 jobs. Petroineos said the closure of Grangemouth was due to it being unable to compete with sites […]
Europe’s LNG imports fell 20% year-over-year in the first half of 2024, signaling a potential peak in demand. Despite declining imports, European countries continue to invest in LNG import terminals, risking overcapacity by 2030. IEEFA […]
Analysts at Wall Street bank UBS estimate that hurricane Francine may have disrupted up to 1.5 million barrels of U.S. crude production. The Weather Channel expects Hurricane Francine to “continue to weaken as it tracks […]
The IEA has lowered its global oil demand growth forecast for 2024 to 900,000 bpd, down from the previous estimate of 2.1 million bpd, primarily due to a significant slowdown in Chinese oil consumption. China’s […]
According to Fluxys, the milestone delivery took place on August 31. The 2024-built 174,000-cbm LNG carrier, Energy Fortitude, owned by Greece’s Alpha Gas, brought the LNG cargo from Qatar to the Zeebrugge facility. In operation […]
Dutch firms Nordsol and Attero launched the bio-LNG plant in Wilp. The facility will produce bio-LNG for the maritime sector. Tech firm Nordsol announced the opening of the bio-LNG facility in a social media post […]
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