Mitsui OSK to Sell Older Oil Tankers as Prices Surge
Japan's Mitsui OSK Lines Ltd. is planning to sell a few of its older oil tankers to take advantage of a surge in vessel prices.
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Oil Falls as Supply Fears Ease
Oil fell for a third session as easing Saudi supply concerns outweighed lingering risks around the Strait of Hormuz.
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Port Arthur LNG to Supply Petrobras for 20 Years
Sempra Infrastructure signed a 20-year agreement to supply about 0.8 million metric tons per annum of liquefied natural gas to Petrobras from the under-construction Port Arthur LNG phase 2 project in Texas.
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House Passes Bill Allowing New Tariffs on Russia Oil Buyers
Congress gave final approval to a bill to give President Donald Trump new powers to impose tariffs on countries that purchase Russian petroleum products.
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Indian Refinery Builder Sees Mideast Orders Slow
Engineers India Ltd. is seeing a slowdown in new orders for Middle East energy projects as continued U.S.-Iran hostilities heighten security risks.
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South Africa Seeks Operator to Build LNG Terminal at Port of East London
Transnet National Ports Authority has opened applications to pursue a small to medium liquefied natural gas receiving terminal project at the Port of East London in Eastern Cape province.
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TotalEnergies Secures $1.8B in Capital from GIP for African Assets
In exchange TotalEnergies will pay BlackRock's GIP a throughput-based tariff for up to 15 years.
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Hormuz Sees More LNG Traffic
At least two liquefied natural gas shipments transited the Strait of Hormuz this week as producers look for ways to increase flows to a market struggling with a lack of supply and surging prices.
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ExxonMobil Warns Coal Accelerating Global Warming
The oil explorer maintains its forecasts are grounded in scientific and economic data that take into account realistic changes in government policies and consumer behavior.
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Oil Falls as Mideast Flows Improve
Crude fell as Saudi pipeline flows improved while uncertainty over Iran and Hormuz persisted.