Clean Arctic Alliance’s Lead Advisor, Dr Sian Prior and Árni Finnsson from the Iceland Nature Conservation Association are calling on the Nordic Prime Ministers and the German Federal Chancellor to support the call for a ban on heavy fuel oil

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Leading global heavy lift shipping and offshore transportation and installation contractor Jumbo, and the world's first commercial, sustainable marine biofuel company GoodFuels, announced a joint initiative to test marine Bio-Fuel Oil on an offshore decommissioning project.

Starting with an initial project,

Natural gas deliveries to U.S. facilities producing liquefied natural gas (LNG) for export set a monthly record in July 2019, averaging 6.0 billion cubic feet per day (Bcf/d)—7% of the total U.S. dry natural gas production—according to data from OPIS

VLCC
Middle East Gulf rates initially eased, with rates for 270,000mt to China hovering around WS 52/54 region before WS 57 was agreed for ‘East’ discharge. For 280,000mt Middle East Gulf to US Gulf basis Cape to Cape the market

Wood Mackenzie's annual Global Upstream Cost Survey results show, across the industry, cost increases are back. Most respondents expect the next 12 months to be a period of growing costs. This isn’t particularly surprising given the depth and duration of

Crude Oil Price Movements
The OPEC Reference Basket (ORB) averaged higher in July, up by $1.79, or 2.8%, m-o-m reaching $64.71/b, supported by a pick-up in Asian crude demand. Crude oil futures prices also rose from their low levels registered

As Europe's largest gas market, Germany seems an obvious candidate to take advantage of the growing global appetite for LNG. However, the country remains an outlier, lacking direct access to the LNG market.

Momentum around proposals to develop a German LNG

Between 2008 and 2023, the world's GDP is expected to grow by more than three percent annually. The United Nations Conference on Trade and Development (UNCTAD) estimates that during this period, the world's sea-borne trade will grow at a Compounded

New energy's time has come. It's less than four years since the Paris Agreement set the long-term goal to limit the rise in global temperature to well below 2°C. Back then, the oil and gas industry had zero appetite to