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International News

QatarEnergy signs QR14.2 billion LNG ship-building agreement with HD Hyundai Heavy Industries

September 27, 2023 Mariel Alumit

Doha, Qatar: QatarEnergy signed an agreement with Korea’s HD Hyundai Heavy Industries (HHI) for the construction of 17 ultra-modern LNG carriers. The deal, valued at 14.2 billion Qatari Riyals, marks the start of the second […]

Oil
Crude Oil News

Oil Tanker Maker Targets Near $1B Earnings By 2025

September 7, 2023 Mariel Alumit

Yinson Holdings Bhd., a Malaysian firm making vessels for offshore oil and gas production, expects to deliver close to $1 billion in core earnings as soon as 2025 amid strong demand, its top executive said. […]

cruise
International News

Cruise ship with thousands on board collides with oil tanker, leaving passengers injured

August 30, 2023 Mariel Alumit

A P&O cruise ship has collided with an oil tanker off the coast of Spain, injuring some passengers on board. There were thousands of cruise-goers on-board the Britannia, the flagship of the P&O fleet when it was battered […]

Russia
Exports

Russian Oil, LNG Make Maiden Arctic Trips from Baltic Sea

August 24, 2023 Mariel Alumit

Russia is undertaking a trial run for a new, strategically vital oil and gas export route — one that will begin in the Baltic Sea and transverse icy Arctic waters before terminating in Asia. Tankers […]

Hormuz
Crude Oil News

West Warns on Strait of Hormuz Shipping Risk

August 15, 2023 Mariel Alumit

Western nations warned the shipping industry at the weekend of increased risks to vessels transiting the Strait of Hormuz in the Middle East. “As of now, the timeline remains at 72 hours” from Saturday, maritime […]

Greek
Exports

Greek shipowners control 21% of global tonnage

August 8, 2023 Mariel Alumit

The Union of Greek Shipowners (UGS) 2022 – 2023 annual report said the country’s shipowners control 21% of the global merchant fleet in deadweight tonnage terms. The 5,520-vessel strong Greek merchant fleet having grown by […]

LNG
Exports

Shipowners splash out $47 billion for LNG carrier newbuilds in 18 months

July 24, 2023 Mariel Alumit

Spending on new LNG carriers since the beginning of 2022 represents 27% of total newbuilding investment and more than any other sector including containerships. With owners having racked up some $47 billion in investments in […]

energy
Exports

IEA: Ensuring gas supply security and decarbonisation high on global energy market’s agenda

July 19, 2023 Mariel Alumit

In the aftermath of the Ukraine crisis, the global energy crisis took the world by storm last year, reshaping the structure of natural gas markets and leaving profound implications in its wake for policymakers and […]

Aljazeera International

UN’s Yemeni oil tanker operation: What you need to know

July 16, 2023 Mariel Alumit

A UN-led operation years in the making to prevent a large-scale oil spill from occurring off Yemen’s Red Sea coast has made major gains. The replacement vessel Nautica sailed from Djibouti, arriving at Yemen’s Hodeidah […]

War
Crude Oil News

Energy Security: Always Fighting The Last War

July 12, 2023 Mariel Alumit

In 1986, my M.I.T. working paper “Fighting the Last War: Preparations for the Next Oil Crisis” I described various oil crises in the post-war era and how they each influenced the understanding of both what […]

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As Wisconsin utilities go their own way on net metering, advocates seek a unified approach to solar

September 27, 2023

​Correction: This article was updated to correct the amount that MGE compensates customers for the energy they send back to the grid. It is currently 16.6 cents per kilowatt-hour. Wisconsin utility MGE is proposing to […]

Crude Oil News

WTI Extends Gains As Cushing Stocks Near ‘Tank Bottoms’; SPR Drained

September 27, 2023

After their tumble overnight yesterday amid bearish risk appetites, oil prices have soared back to new cycle highs as traders mulled the effects of rapidly tightening supplies after API reported yet another weekly drawdown in […]

Jackson
Electric Vehicles

Jackson Buys 8 Electric Buses For Transit System, But None Are Working

September 27, 2023

Teton County and the town of Jackson had set its sights on a low-emission transit system for the county. The Southern Teton Area Rapid Transit (START) system, a joint operation between Jackson and Teton County, […]

California
Downstream

Why Are Gas Prices So High In California?

September 27, 2023

In 2012, the retail price of gasoline was about 30 cents higher in California than in the rest of the country. This difference rose to well over $2 per gallon earlier this fall, when gasoline […]

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