Day: April 25, 2025

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

Energy News Beat Italy’s Eni recently signed a memorandum of understanding with Argentina’s state-owned oil and gas company YPF to join the latter’s proposed Argentina LNG export project. Argentina LNG is a large-scale upstream and midstream integrated gas development project, designed to develop the resources of the Vaca Muerta onshore shale gas field and serve […]

Azerbaijan partners with China on Caspian offshore wind project

Energy News Beat Fugro Azerbaijan’s Ministry of Energy has signed two agreements with Chinese firms for the construction of an offshore wind energy project in the country. The first agreement, signed with China Energy Overseas Investment, entails the evaluation, development, and implementation of an offshore wind energy project in Azerbaijan. A second agreement, signed by […]

New US policy to boost Gulf of Mexico oil production

Energy News Beat AmericasOffshore Department of Interior Department of Interior The US Department of the Interior has introduced a new policy which will see increased pressure differential during downhole commingling boost offshore oil output in the Gulf of Mexico. The Bureau of Safety and Environmental Enforcement implemented new parameters for downhole commingling in the Paleogene […]

Close to one in five VLCCs trading today are over 20 years old

Energy News Beat Tankers Today, there are around 130 VLCCs over 20 years old still trading, compared to fewer than 20 five years ago, according to data from Tankers International, which notes that around two-thirds of these vintage supertankers are engaged in moving sanctioned oil. Over the next four years, the number of vessels exceeding […]

All ships passing through European waters must now provide proof of insurance

Energy News Beat Estonian government The European Commission has adopted another key measure to crackdown on the so-called shadow fleet passing through its waters. The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port, to provide insurance information. “By requiring that […]

Norden claims world-first voyage using drop-in biofuel from a carbon-negative process

Energy News Beat Norden Danish shipping giant Norden is celebrating what it claims is a world-first, completing a voyage from Singapore to Brazil using biofuel from what it claims came from a carbon-negative process.  A Norden vessel used 65 tonnes of fuel blend with 20% MASH Makes biofuel in its auxiliary engine. MASH Makes biofuel […]

World’s largest car carrier sets sail from China

Energy News Beat Greater ChinaShipyards The world’s largest car carrier has left a yard in China on its maiden voyage to Brazil.  The 9,200 ceu BYD Shenzhen pips Höegh Autoliners’ Aurora class series by 100 cars in terms of capacity, and becomes the fourth vessel in Chinese auto manufacturer BYD’s growing fleet with another two […]

Trump officials pressure world’s top energy agency to drop climate mission

Energy News Beat LONDON — Trump administration officials are attempting to block the world’s most important energy research agency from producing data that the U.S. government argues favors renewable power over fossil fuels. At recent meetings of the International Energy Agency, U.S. officials pushed the body, which publishes influential energy market forecasts, to cease its work […]