The bp Board has appointed Meg O’Neill as bp’s next CEO effective April 1, 2026.Murray Auchincloss is stepping down from his position as CEO and director of the Board, effective December 18. Carol Howle, current executive vice president, supply, trading & shipping of bp, will serve as interim CEO.
Brazil's Federal Audit Court (TCU) on Monday voted six to three to recommend that operators of existing container terminals at the Santos port be barred from participating in the first phase of bidding for a planned mega terminal, citing concerns over market concentration.The decision deals a blow to companies such as Danish shipping group Maersk
The military and Coast Guard budgets are established that will benefit the U.S. ship building and repair sector, but what will stimulate the commercial yards?This author has been scratching his head of late, after a thrilling dive into July’s U.S. Big Beautiful Bill Act, and has asked several colleagues where the funding for support commercial shipbuilding can be found? To answer that
Confusion over new fuels will not be helped by the fact that each one has a good and bad version. The science on grey ammonia, grey methanol, and palm oil biofuel show that these are probably worse for the planet, if adopted, than unfettered continuation of fossil fuel consumption.
The Unified Command, consisting of the US Coast Guard, Spectrum OpCo (Operator), and the Louisiana Oil Spill Coordinator's Office (LOSCO), continue to respond an oil and natural gas release in coastal Louisiana.This spill occurred on April 26 in a marsh environment near the Garden Island Bay Production Facility company's well in Plaquemines Parish, southeast of New Orleans, Louisiana.
As part of the ESAB Future Fabricators program, ESAB announced that it will again sponsor the “Blue Collar Tour,” featuring Western Welding Academy, continuing their shared mission to increase the interest and awareness of high school students in the skilled trades. The 2026 tour starts January in Stratton, Colorado, and includes 31 total stops in 21 states before concluding in mid-March.
BP has agreed to sell a 65% stake in its Castrol lubricants business to infrastructure investor Stonepeak at an enterprise value of about $10 billion, as the energy major presses ahead with its divestment program and balance sheet repair.The transaction is expected to generate net proceeds of around $6 billion for BP, including accelerated dividend payments
Kilimanjaro IX, a 53-metre high-speed ferry designed by digital shipbuilder Incat Crowther for Tanzania’s Azam Marine, has been launched by AFAI Southern Shipyard in Guangzhou, China and will soon begin sea trials.The vessel is the 12th high-speed ferry designed by Incat Crowther for the Tanzanian operator and will service Azam Marine’s popular routes to and from Dar-es-Salaam on the Tanzanian
American Cruise Lines christened American Patriot in Newport, Rhode Island last week—celebrating the holiday and simultaneously marking the countdown to the country’s 250th birthday on July 4, 2026. American Patriot is the first ship in the company’s new Patriot Class—a fleet of new 130-passenger ships designed for exclusively cruising the U.S.A.
MAN Energy Solutions will deliver the world's most powerful two-stroke methanol engine in June 2025. The engine, an MAN B&W 12G95ME-C10.5-LGIM (-Liquid Gas Injection Methanol) type rated at 82,440 kW @ 80rpm, is currently being built by Chinese licensee, CSSC-MES Diesel Co., Ltd. (CMD).
DP World’s ports and terminals handled a record 88.3 million twenty-foot equivalent units (TEUs) in 2024, up 8.3% year-on-year, despite macroeconomic headwinds and concerns over the outlook for global trade.The global logistics business, which now can handle over 100 million TEU across operations in 78 countries, benefitted from long-term infrastructure investment
Libya's National Oil Corporation (NOC) said oil exports were continuing without disruption following talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday."Operations are proceeding smoothly across all fields and ports after discussions with protesters who held demonstrations this morning at the Es Sider and Ras Lanuf ports," the NOC said in a statement on its Facebook page.