Explore

ABL Secures Mero 3 and 4 SURF Support Contract Offshore Brazil

ABL Secures Mero 3 and 4 SURF Support Contract Offshore Brazil

ABL Secures Mero 3 and 4 SURF Support Contract Offshore Brazil

China Seeks More U.S. Oil Amid Strait of Hormuz Disruptions

China Seeks More U.S. Oil Amid Strait of Hormuz Disruptions

China is looking to increase its imports of U.S. oil as disruptions in the Strait of Hormuz continue to affect global oil and gas supplies. The strait, a critical chokepoint for global energy shipments, has been effectively shut by Iran in response to U.S. and Israeli airstrikes. This closure has disrupted a significant portion of the world's oil and liquefied natural gas exports, leading to increased prices. During a meeting in Beijing, Chinese President Xi Jinping expressed interest in purchasing more U.S. oil to reduce reliance on the strait, a move discussed with President Trump. Both leaders agreed on the importance of keeping the strait open to ensure the free flow of energy.

ADNOC Gas Aims for 80% Recovery of Habshan Facilities by End of 2026

ADNOC Gas Aims for 80% Recovery of Habshan Facilities by End of 2026

ADNOC Gas, part of Abu Dhabi's national oil company, is working to restore the processing capacity of its Habshan facilities to 80% by the end of 2026. The site, one of the largest gas processing complexes globally, was damaged due to Iranian strikes on energy infrastructure in the Middle East. Despite the setbacks, ADNOC Gas has managed to restore 60% of the complex's capacity and is conducting a detailed technical assessment to address the impact of the incidents. The company plans to achieve full capacity restoration by 2027, while also implementing the Rich Gas Development project to alleviate bottlenecks and enhance gas output.

ABL Group Secures SURF Support Contract for Mero 3 and 4 Offshore Brazil

ABL Group Secures SURF Support Contract for Mero 3 and 4 Offshore Brazil

ABL Group has been appointed as the marine warranty surveyor (MWS) to support Subsea7 in the transportation and installation activities for the Mero 3 and Mero 4 offshore developments in Brazil's Santos basin. The contract involves overseeing subsea risers, flowlines, and associated SURF infrastructure. ABL's responsibilities include technical review and approval of engineering and operational documentation, suitability surveys for installation vessels, and oversight of critical operations. The Mero field, operated by Petrobras with partners including Shell and TotalEnergies, is a significant project in Brazil's deep waters, with ABL having a track record of supporting similar installations.

EIA Introduces New Datasets Amid Strait of Hormuz Crisis

EIA Introduces New Datasets Amid Strait of Hormuz Crisis

EIA Introduces New Datasets Amid Strait of Hormuz Crisis

U.S. officials flag prospect of Chinese energy purchases after Trump-Xi meeting

U.S. officials flag prospect of Chinese energy purchases after Trump-Xi meeting

By Trevor Hunnicutt and Sam Li BEIJING, May 14 (Reuters) - U.S. officials raised the prospect of China buying more American energy after Presidents Donald Trump and Xi Jinping held talks in Beijing on Thursday.

Chinese Super Tanker Exits Strait of Hormuz Amid U.S.-Iran Tensions

Chinese Super Tanker Exits Strait of Hormuz Amid U.S.-Iran Tensions

A Chinese supertanker, the VLCC Yuan Hua Hu, carrying two million barrels of Iraqi crude oil, has successfully navigated through the Strait of Hormuz after being stranded in the Gulf for over two months due to the ongoing U.S.-Iran conflict. The tanker is now anchored off the Gulf of Oman, close to a U.S. Navy blockade on Iranian vessels. This marks the third known passage by a Chinese oil tanker through the strait since the U.S.-Israeli war with Iran began on February 28. The crossing coincides with an upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping, following a visit by Iranian Foreign Minister Abbas Araqchi to Beijing. Iran has been tightening its control over the strait, securing agreements with Iraq and Pakistan to ship oil and liquefied natural gas, potentially solidifying its influence over the waterway.

Big Oil's Trading Desks Drive First-Quarter Profits Amid Market Volatility

Big Oil's Trading Desks Drive First-Quarter Profits Amid Market Volatility

Big Oil's Trading Desks Drive First-Quarter Profits Amid Market Volatility

BP, Shell, TotalEnergies Report Billions in Profits Amid Iran War-Driven Market Volatility

BP, Shell, TotalEnergies Report Billions in Profits Amid Iran War-Driven Market Volatility

BP, Shell, TotalEnergies Report Billions in Profits Amid Iran War-Driven Market Volatility

Oil Majors' Trading Desks Drive First-Quarter Profits Amid Market Volatility

Oil Majors' Trading Desks Drive First-Quarter Profits Amid Market Volatility

Oil Majors' Trading Desks Drive First-Quarter Profits Amid Market Volatility

U.S. Coal Consumption Remains Significant Amid Global Energy Transition Challenges

U.S. Coal Consumption Remains Significant Amid Global Energy Transition Challenges

U.S. Coal Consumption Remains Significant Amid Global Energy Transition Challenges

Global Coal Demand Rises Amid Middle East Energy Crisis

Global Coal Demand Rises Amid Middle East Energy Crisis

Global coal shipments and imports have surged as countries seek alternatives to disrupted oil and gas supplies from the Middle East. The closure of the Strait of Hormuz and damage to Qatar's LNG facilities have exacerbated the energy crisis, leading to increased coal demand. South Korea and Japan have significantly boosted coal imports, while Europe struggles to secure LNG supplies. The energy crisis has prompted policy shifts, with some countries delaying coal plant retirements to ensure energy security. Analysts note that the situation highlights the ongoing reliance on coal despite efforts to transition to cleaner energy sources.