Replacing oil and gas production from future Norwegian developments with like-for-like imported volumes from other parts of the world would result in an emissions increase of 230 million tonnes of carbon dioxide equivalent (tCO2e) between 2024T and 2040 according to

• Availability is good for all grades in Zhoushan
• Low bunker demand in several South Korean ports
• LSMGO supply is good across Omani ports

Singapore and Malaysia

VLSFO availability in Singapore remains tight, with several suppliers advising lead times of 9-13 days,

Condensed Consolidated Profit & Loss

Revenue

• More than doubled Year-on-Year (YoY) to AED 4.18 billion in Q2 2024.
• Driven by organic growth in the Ports, Logistics

Chevron Corporation** (NYSE: CVX) announced today that it started oil and natural gas production from the Anchor project in the deepwater U.S. Gulf of Mexico. Anchor production marks the successful delivery of high-pressure technology that is rated to safely operate

Electrification is often presented as oil’s great rival. If we are to believe some of the myths perpetuated about the energy industry, electrification and oil operate in silos, sealed off from one another, as they engage in an existential struggle.

Clean
LR2

LR’s in the MEG were subject to increased downward pressure again this week. The 75Kt MEG/Japan TC1 index dipped 15.28 points to WS135.28. The 90kt MEG/UK-Continent of TC20 similarly was knocked down to $4.2 million (down $356,250). West of Suez,

Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce a co-investment alongside lead investor Attis Clean Energy (“Attis”) in the clean ammonia developer Ten08 Energy LLC (“Ten08” or

European and Asian gas prices have remained well supported over the last month. Stronger Asian demand, supply disruptions, and geopolitical risks in the Middle East have all provided support. However, US gas prices have come under renewed pressure

Slower EU storage

Some ports in Florida were briefly shut by Tropical Storm Debby

Bunker One starts bunkering service at Brazil’s Sepetiba

HSFO is tight in New York

North America

Tropical Storm Debby made landfall as a Category 1 hurricane in Florida’s Big Bend region on Monday,

GFI LNG LP (GFI), a diversified energy solutions company, and Pilot LNG LLC (Pilot), a Houston-based clean energy infrastructure developer, today announced that they have formed a partnership to develop, construct, and operate a small-scale LNG terminal in Salina Cruz,