China's trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump's tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging.Shipments to the United States dropped by close to one-third from the same month a year before."The tariff cuts agreed under the U.S.
Crowley, the manager of oil tanker Stena Immaculate that was struck on its port side by the container ship Solong, causing a blaze, has reported that all 23 members of the ship’s crew are safe and without reported injuries, as it launches spill containment response efforts.On March 10, 2025, while stationary and anchored off the North Sea coast near Hull in the United Kingdom
Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion.Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company, whose revenue is expected to be around $20.
Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S.
A Scottish court has invalidated Britain's approvals for two major North Sea oil and gas projects, delivering a significant victory to environmental groups and raising uncertainty over future fossil fuel developments in the UK.The Court of Session in Edinburgh found that the government had unlawfully granted approval for Shell's Jackdaw gas field and Equinor's Rosebank oil and gas field by
Title: Famous Irish MarinersAuthor: Emma ByrnePublication date: September 22, 2025ISBN 9781788494922 PRICE €17.99/£15.99 HBFORMAT 196x129 mm EXTENT 176ppAlso available as an eBook.Ireland has a rich history of famous – and infamous – mariners: from our earliest navigators, who may have reached North America – by currach – a thousand years before Columbus
Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia's war against it could be yielding fruit.An end to the war in Ukraine could pave the way for the unwinding of Western sanctions against Moscow's energy trade, potentially adding more supply at a time when prices have been battered by expectations of a glut next year.
MODEC has signed a co-operation agreement with Africa Finance Corporation (AFC), Africa’s major infrastructure solutions provider, to collaborate on floating production, storage, and offloading (FPSO) projects as well as other maritime infrastructure projects in Africa.MODEC has extensive African experience, having delivered 11 FPSOs/FSOs/MOPU/TLPs in West Africa in the past.
War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday.The cost of a seven-day voyage to Israeli ports was quoted between 0.7% and 1.0% of the value of a ship, versus around 0.2% a week ago, they said.
Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday.Demand for natural gas continues to rise globally as the world transitions to cleaner fuels.
American Fan working with Ingalls Shipbuilding and other shipbuilders to provide ventilation fans for ten Flight III destroyersFairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has been awarded multiple purchase orders for its Ohio-based business unit, American Fan
Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.Indian's state refiner will receive 40 cargos of LNG under the five-year contract with supplies beginning from April, the sources said.