The U.S.-Israeli war on Iran has disrupted oil and natural gas exports from the Middle East and forced production stoppages from Qatar to Iraq, with Kuwait announcing cuts over the weekend.Analysts predict that the United Arab Emirates and Saudi Arabia will also have to cut output soon as they run out of oil storage.
The Trump administration will hold an auction for drilling oil and gas off the U.S. Gulf next month and has proposed another in a waterway in southern Alaska, it said on Friday.The lease sale in the U.S. Gulf of Mexico, which President Donald Trump refers to as the Gulf of America, will make about 80 million acres available.
ABB has been selected as the power, propulsion and automation technology partner for two new Ro-Pax ferries, to be named Kupe and Cook, which form part of Cook Strait Ferry Replacement Programme. ABB will supply the integrated systems required to ensure the reliability, efficiency and environmental performance of the two ferries.
VARD, the Norwegian shipbuilding subsidiary of Fincantieri, won a contract to design and build an advanced fishery vessel for Norway’s Rosund Drift AS.The newbuild will be based on the VARD 8 02 design, tailored for modern offshore fishing operations, supporting both bottom trawling and mixed fisheries while emphasizing gentle catch handling, high product quality and reduced environmental impact.
Clean energy company MarineSolar Energy Solutions has conducted a pilot trial of its NanoDeck photovoltaic (PV) energy system on RTM Cook, a Rio Tinto-owned vessel, as part of a non-commercial evaluation of the technology in real-world marine conditions.The trial marks a significant step in testing MarineSolar’s energy-saving PV technologies under some of the most challenging real-world marine
Western Australian premier Roger Cook said on Wednesday he had been "assured" by federal Resources Minister Madeleine King that a new government policy of reserving 20% of gas output for domestic use would not harm his state's large LNG industry."Maddie King is a very good friend of mine
Eni and MSC Cruises have completed a test of Enilive’s HVO biofuel in maritime transport, confirming the technical feasibility of using the renewable diesel in pure form to power cruise ship engines.The trial involved powering one of the engines on the cruise ship MSC Opera for about 2,000 hours using pure HVO without modifications to the engine
Two Chinese container ships sailed through the Strait of Hormuz on Monday on their second attempt to leave the Gulf after turning back on Friday, ship-tracking data showed.The critical waterway has effectively been shut since the U.S.-Israeli war with Iran began on February 28.The vessels sailed in close formation out of the strait and into open waters, data on the MarineTraffic platform showed.
A tanker carrying some 200,000 barrels of Russia-origin fuel originally bound for Cuba has arrived in Venezuelan waters, LSEG ship-monitoring data showed on Friday.The Hong Kong-flagged vessel Sea Horse, which this year loaded Russia-origin diesel through a ship-to-ship transfer, earlier this month rerouted from Cuba to Venezuela after remaining stuck in the Atlantic Ocean for weeks
India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on Tehran's oil and refined fuels, LSG trade flows and three industry sources said.India had shunned energy purchases from Iran in 2019 under pressure from Western sanctions. The tanker was initially bound for China, according to LSEG data.
As part of a broader effort to unleash American energy by encouraging oil and gas exploration and production on federal lands and waters, the Bureau of Ocean Energy Management today announced the Final Notice of Sale for the Cook Inlet Outer Continental Shelf Oil and Gas Lease Sale 1.
KNUD E. HANSEN, a naval architecture and marine engineering consultancy, has announced a milestone in its ongoing collaboration with Ferry Holdings Limited. Following the successful signing of the shipbuilding contract with Guangzhou Shipyard International (GSI), two new RoPAX vessels will be built.