SOHAR Port and Freezone has signed a sub-usufruct agreement with Marsa Liquefied Natural Gas LLC, a joint venture between TotalEnergies EP Oman Development B.V. and OQ, for the development of an LNG liquefaction plant in SOHAR Port. This project is set to significantly reduce the industry’s carbon...
Energy ministers for the Group of Seven (G7) major democracies are pondering potential restrictions to European imports of Russian liquefied natural gas (LNG), the Italian presidency of the G7 said on Monday. “The issue is on the technical and political agenda (of the G7). We are working on it, I...
https://www.hellenicshippingnews.com/g7-discussing-potential-restrictions-on-russian-lng-italy-says/
Based on analysis in our most recent U.S. Energy-Related Carbon Dioxide Emissions report, U.S. energy-related CO2 emissions decreased by 3%, about 134 million metric tons (MMmt), in 2023. Over 80% of the emissions reductions occurred in the electric power sector, caused largely by decreased...
https://www.hellenicshippingnews.com/u-s-energy-related-co2-emissions-decreased-by-3-in-2023/
China’s energy regulator expects maximum power load this summer to swell by more than 100 million kilowatts from last year, threatening to strain supply in some regions, especially in harsh weather, it said on Monday. The National Energy Administration (NEA) expects supply to be tight in eastern,...
https://www.hellenicshippingnews.com/china-warns-of-tight-summer-power-supply-amid-weather-worries/
Oil is the bedrock of the global economy, and fluctuations in its price can have widespread economic effects. Read on to discover the trading times of different oil markets, as well as how you can trade oil today. What are the trading times of oil markets? You can trade oil spot prices non-stop...
https://www.hellenicshippingnews.com/oil-trading-hours-when-to-trade-crude-oil/
Canada’s Trans Mountain pipeline expansion (TMX) is set to enter partial operation on May 1, years behind schedule and at more than four times the original cost – but with the potential to affect oil flows even outside North America. Canada, the world’s fourth-largest oil producer with nearly 5...
Qatar’s LNG production capacity expansions are being driven by a stronger global LNG demand growth outlook, stated Fitch Solutions in its latest report. Recently, QatarEnergy announced the addition of the greenfield North Field West (NFW) LNG project, which is estimated to have a 16 mtpa LNG...
https://www.hellenicshippingnews.com/new-projects-to-increase-qatars-lng-production-capacity-by-85/
The oil and gas industry is confronted with an array of disruptive challenges, which stem from rising energy demands, frequent threats to the supply chain, geopolitical tensions, and the transition to alternative and sustainable fuel sources. In response to these pressures, there is a compelling...
Reliance Industries has bought 2 million barrels of Canadian crude from Shell for July delivery, marking the Indian refiner’s first oil purchase from Canada’s new Trans Mountain pipeline, trade sources said. Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported...
Marking a significant step in maritime prominence, Abu Dhabi has secured its place within the top 25 of maritime cities worldwide, jumping an impressive 10 places since 2022, to reach position 22, the highest jump among all cities, according to the prestigious 2024 Leading Maritime City (LMC)...