Energy News Beat BERLIN – Despite a stabilisation of oil and gas prices in the wake of Russia’s full-bore invasion of Ukraine, Germans remain hesitant to turn up their heating. The energy crisis persists in their minds, a new report finds, and on the political agenda. It’s been almost three years since government officials […]
Energy News Beat NNPC said the groundbreaking ceremony for the mini LNG plants will be held in Ajaokuta, Kogi state, on January 30. The five small-scale liquefaction, storage, and distribution projects are Prime LNG, NGML/Gasnexus LNG, Bua LNG, Highland LNG, and LNG Arete. NNPC said these five strategically located plants will deliver “affordable” energy to […]
Energy News Beat Romanian Energy Minister Sebastian Burduja announced plans to submit a detailed report to the government on the negative impact of the European Union’s Green Deal policy on Romania’s energy sector. Inspired by US President Donald Trump, Burduja (PNL/EPP) revealed a shift in Romania’s energy strategy, moving from the Green Deal to […]
Energy News Beat The exchange welcomed Venture Global to the NYSE community in a social media post on Friday. Shares of Venture Global closed on the first day of trading below their initial public offering (IPO) price of $25 per share. Venture Global’s shares closed at $24, 4 percent below the IPO price. The company […]
Energy News Beat EDT Offshore Cyprus-based EDT Offshore and Singapore’s shipmanagement giant Synergy Marine Group have joined forces in the offshore sector. The joint venture called EDT Synergy Shipmanagement will aim to deliver innovative and sustainable offshore shipmanagement solutions, addressing industry challenges in decarbonisation and digitalisation, the companies said in a joint release. “This joint […]
Energy News Beat Vanrafelghem Danny / Marine Traffic India’s Shreeji Shipping has filed papers with market regulator SEBI seeking approval to raise funds for fleet expansion through an initial public offering (IPO). The flagship company of Jamnagar-based Shreeji Group, led by Ashokumar Haridas Lal and Jitendra Haridas Lal, is planning to use roughly $33.5m from […]
Energy News Beat Steven Jones, the founder of the Seafarers Happiness Index, reflects on the frustration about the treatment of seafarers in many ports around the world. When thinking about seafarers’ happiness, it is tempting to assume their greatest challenges occur far out at sea. However, new insights reveal a different story—seafarers are increasingly speaking […]
Energy News Beat Taiwan National Coast Guard Administration Taiwan has blacklisted 52 Chinese-owned ships that operate under flags of convenience. The crackdown follows the severing of a subsea communications cable near Taiwan at the beginning of January. Taiwan’s National Coast Guard Administration identified a Cameroon-registered cargo ship, Shunxin 39 (pictured), as the suspect in the […]
Energy News Beat NATO The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fiber optic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region. The ship in question this time is the 32,200 dwt, Maltese-flagged oil tanker […]
Energy News Beat Spot rates for LNG carriers are now at all-time lows, although some analysts believe the shipping sector is close to bottoming out. Citing an “overwhelming oversupply” of units competing for limited employment opportunities, Clarksons Research noted in its latest weekly report, published on Friday, that spot rates have fallen to new record […]
