The immediate crisis of the Suez Canal blockage may have ended, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning. The long-term cost of the canal’s estimated $10-billion-a-day closure will likely be small, […]
When the Ever Given, a 400-meter container ship, ran aground in the Suez Canal on March 23, it choked off a busy shipping lane for the global oil and gas trade. Ten percent of global seaborne oil trade, […]
Energy News Beat Publishers Note: With over 130,000 animals’ lives at risk, this is now a matter for PETA. They can rally the world’s resources and get the ship refloated. Just kidding, it is a […]
Energy News Beat Publishers Note: It is a great time to review our energy policies and think about the precarious we now find ourselves. We are no longer an energy exporter, but reliant on political […]
How much is the epic traffic jam in the Suez Canal costing the world? The short answer: a lot. It’s going to be tough to come up with a single figure that covers everything, and […]
A fall in crude oil price and Aramco’s USD 75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd‘s oil-to-chemical unit (O2C), research firm Jefferies said. Richest Indian Mukesh Ambani had in August […]
The oil tankers docking at the refinery in Baytown, Texas, look exactly like many others plying the waters of the Houston Ship Channel. But stashed inside their capacious holds is an unusual cargo: Russian petroleum. […]
Russia’s government approved on Monday the country’s long-term development program for liquefied natural gas (LNG), expecting production capacity to rise threefold from current levels to 140 million tons per year by 2035. “The program is based on […]
The fact that traditional fuel vehicles will be phased out and replaced by alternative-fuel cars is no longer in question. However, how quickly this transition is going to take place is another story. In fact, […]
In January, around 300 companies, including Vitol Group, the world’s biggest independent oil trader, and Australian mining behemoth Rio Tinto Group, signed a pledge to take action to resolve the crisis for seafarers. Called “the Neptune Declaration,” […]
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