Global sea trade suffered another major knock this morning as Russia’s invasion of Ukraine drove oil prices up by about 8%, something that will filter through to already sky high bunker prices. The time lag between oil prices and bunkers, typically a few hours, meant...

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Russian gas exporter Gazprom said Feb. 24 that its shipments of Russian gas via Ukraine to Europe are continuing as normal, hours after officials in Kyiv said Moscow had launched an invasion. “Gazprom is supplying Russian gas for transit via Ukraine as normal, in line...

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The Korea Register (KR) has signed an MOU agreement with STX Energy Solutions (STX ES) and Daewoo Shipbuilding & Marine Engineering (DSME) to work together on ‘The technology standardization and commercialization of solid oxide fuel cells.’ The agreement was...

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Following Shell’s recent oil discovery in Namibia, French oil major TotalEnergies has also made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. The...

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