GERMANY’S SEFE NAILS DOWN 8-YEAR LNG OFFTAKE WITH SOUTH AMERICAN FIRM
Germany’s Securing Energy for Europe (SEFE) has finalized a multi-year liquefied natural gas (LNG) supply agreement with Argentina’s Southern Energy (SESA) against the backdrop of rising energy security concerns that are looming over Europe...
HORMUZ SHUTDOWN COULD ALSO AFFECT AGRICULTURE, PETCHEM AND MINING SECTORS
Much attention has been paid to the effects of the Strait of Hormuz shutdown on the oil and LNG markets, but there are half a dozen other commodities that will be affected in the...
LNG PRODUCTION FREEZE PUSHES QATARENERGY TO INVOKE FORCE MAJEURE
A liquefied natural gas (LNG) shutdown has led Qatar’s state-owned oil and gas giant QatarEnergy to issue a contractual force majeure notice to LNG buyers.
The move to declare force majeure comes shortly after QatarEnergy...
TANKER TRAFFIC IN HORMUZ DROPS TO ZERO AS P&I CLUBS PULL WAR RISK COVER
Multiple leading P&I clubs have announced that they are suspending war risk insurance for transits of the Strait of Hormuz, effectively making the risk exposure too high for tanker owners to bear. Energy shipping...
SHIPPING COMPANY SECURES FIXED-RATE E-METHANOL SUPPLY AHEAD OF EU CLIMATE REGULATIONS
European shipping company RFOcean has signed a binding long-term off-take agreement with ETFuels to purchase e-methanol at a fixed price from 2030.
According to ETFuels, the agreement positions RFOcean ahead of binding and punitive new...
WHAT WOULD CLOSURE OF THE STRAIT OF HORMUZ MEAN FOR SHIPPING?
The reported sinking of several Iranian warships by US missiles in the Gulf of Oman serves as a reminder of the maritime aspect of the conflict which began February 28 with a barrage of...
FIRST OFFSHORE VESSEL TO OPERATE ON AMMONIA COMING THIS AUTUMN
Norwegian offshore vessel owner Eidesvik Offshore has tasked Halsnøy Dokk with the conversion of the platform supply vessel (PSV) Viking Energy to ammonia-powered operations.
The conversion is planned to be completed in autumn, when the...
04/2026: REVISED IMO MEASURES FOR ENTERING ENCLOSED SPACES ABOARD SHIPS
The International Maritime Organisation (IMO) has published Resolution MSC.581(110), which provides revised recommendations for entering enclosed spaces aboard ships. The IMO’s 34th Assembly meeting in December 2025, revoked resolution A.1050(27), as of the date...
FOUR COMPANIES JOINTLY BID TO DEVELOP BRITAIN’S FIRST HYDROGEN NETWORK IN THE HUMBER
National Gas, Centrica, Equinor and SSE Thermal have launched a coordinated bid to develop Great Britain’s first regional hydrogen transport and storage network in the Humber.
Together as Humber Hydrogen, the partners are looking to...
REPORTS OF CLOSURE IN THE STRAIT OF HORMUZ OVERSTATED
A range of international media outlets, some with rigorous collateral information checking protocols, accepted Iranian claims that the IRGC had closed sections of the Straits of Hormuz yesterday (February 17), and reproduced IRGC statements...