Energy News Beat Hanwha Ocean South Korean shipbuilder Hanwha Ocean has signed contracts to build two LNG carriers for its affiliate Hanwha Shipping. The Okpo-based yard formerly Daewoo Shipbuilding & Marine Engineering (DSME) is scheduled to deliver the vessels by the end of September 2027. Hanwha Shipping was formally launched by Hanwha Ocean in April […]
Energy News Beat Kiev resells up to half of Western military aid on black markets, the American journalist has claimed A significant portion of the weapons Washington has provided to Kiev as military aid in its conflict with Russia is ending up in the hands of America’s “actual enemies,” including Mexican drug cartels, US journalist […]
Energy News Beat MADRID – The complex global geopolitical context following the return to power of US President Donald Trump calls for “a more ambitious and bolder European budget” of “at least” 2% of annual GDP, Pedro Sánchez’s government said in a statement on Monday. Pedro Sánchez’s governing coalition (PSOE/S&D, Sumar) has drawn up […]
Energy News Beat Hilong announced in a statement last month that its offshore engineering unit secured the offshore platform transportation and installation contract for the second phase of Eni’s Congo LNG project. According to the group, the contract is worth more than 400 million yuan ($54.7 million). The contract value is expected to be more […]
Energy News Beat A consortium led by Elon Musk announced Monday that it has offered €94.5 billion ($97.4 billion) to acquire the nonprofit overseeing OpenAI, marking the latest move in the billionaire’s efforts to prevent the AI startup from shifting to a for-profit model. Musk’s bid is expected to escalate ongoing tensions with OpenAI CEO Sam Altman over […]
Energy News Beat Daily 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 […]
Energy News Beat AfricaPiracy Shipping has been warned that Somali pirates are back hunting for targets. British maritime security consultants Ambrey has issued a notice to clients detailing a suspected pirate action group sighted departing Marreya, Eyl, to the northeast of Somalia. Merchant vessels are advised to increase vigilance, and to engage armed security where […]
Energy News Beat EuropePorts and Logistics A.P. Moller Capital has unveiled a new partnership with Bergé y Compañía to grow Bergé into a top ports infrastructure company in Iberia and Latin America. The unspecified investment is financed through a separately managed fund backed by A.P. Moller Holding. Founded in Spain over 150 years ago, Bergé […]
Energy News Beat As the Chinese New Year has concluded, some deals have emerged in the cape segment. Chinese owners are once again purchasing, despite a prolonged period of depression in the market, while famous Israeli shipowners reportedly have sold three ships in the 20-year-old age bracket. The Moshe Mano-founded company Mano Maritime, a subsidiary […]
Energy News Beat Crude 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 […]
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