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China Oil Refiners Cash In as Beijing Grants New Export Quotas

China oil refiners will be able to ease a tight global fuel supply after Beijing issued a third round of petroleum-product export quotas.The new quotas cover 5 million tonnes of refined fuel and 2.5 million tonnes of low-sulphur fuel oil (LSFO).The quotas, issued earlier than expected, will bring this year’s total refined fuel export quotas to 22.5 million tonnes…

Biden's presidency looks 'out of control,' but could it get worse?

CNN host Jake Tapper spoke with former senior Obama advisor David Axelrod who admitted that things in the country are "out of control" and that it looks like President Joe Biden is "not in command."NEWYou can now listen to Fox News articles! The Fourth of July weekend began with #ImpeachJoeBiden trending on Twitter. There appeared to be no illegal act cited as a basis for impeachment…

Biden Snubbed Oil Firms And Met With Offshore Wind Partnership

European benchmark gas prices soared…European benchmark gas prices jumped…Robust demand and a renewed…Charles KennedyCharles is a writer for Oilprice.comMore InfoBy Charles Kennedy - Jun 24, 2022, 11:00 AM CDTBiden met on Thursday with industry leaders to boost offshore wind capacity.Oil refiners, in the meantime, were summoned to meet with Secretary Granholm.Granholm's meeting with U.S.

Higher gas prices are needed

The U.S. inflation rate, which reached 8.6% in May, is at its highest point in 40 years. In 1982, it was just over 6%. Since then, the U.S. inflation rate has hovered mostly in the 2% to 4% range.The inflation rate is determined by changes in the cost of a fixed basket of 80,000 goods and services that Americans use in their everyday lives.

Oil Prices

Ship Recycling Market Starts Heating Up

After a long hiatus period, things are starting to heat up in the ship recycling market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that increased optimism has returned to the market this week with various reports that the recyclers themselves have strong demand and desire to acquire any available unit that comes for sale…

BAE Systems PLC, SAAB AB, Rockwell Collins, Thales SA – ManufactureLink

The Multi Function Display Mfd Market research report provides detailed observation of several aspects, including the rate of growth, regional scope and recent developments by the primary market players. The report offers Porters Five Forces, PESTEL, and market analysis to provide a 360-degree research study on the global Multi Function Display Mfd market.

Australia Opens Bidding for Offshore Oil and Gas Exploration

The Australian government has launched the 2021 round of oil and gas licensing as part of strategies to promote offshore exploration.The government announced that it has opened bidding for 21 exploration blocks across the Bonaparte, Browse, Carnarvon, Otway, Sorell and Gippsland basins off Western Australia, Victoria, Tasmania and the Ashmore and Cartier Islands.

How an Iconic 171-Foot Superyacht Got New Life After Being Unused for a Decade

Its just a tad more powerful than the Aston Martin its named after. With a staggering 9,200-turbocharged horsepower, this 171-foot speed machine can reach a highly impressive 37 mph, two or three times faster than other yachts its size. Breakfast in Monaco, lunch in Porto Cervo and back in time for dinner? No problem.Launched…

Work-Class ROV Market Past Research, Deep Analysis and Present Data With Forum Energy Technologies,

A2Z Market Research published new research on Global Work-Class ROV covering micro level of analysis by competitors and key business segments (2022-2029). The Global Work-Class ROV explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players.


Navios Maritime Partners L.P. Announces Acquisition of Two Newbuilding LNG Dual Fuel 7,700 TEU Conta

Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, announced today that it agreed to purchase two liquified natural gas (LNG) dual fuel 7,700 TEU containerships, for an aggregate purchase price of $241.2 million.The vessels have the ability to operate on either LNG or conventional marine fuels.

Germany raises alert level, moves closer to rationing gas

FRANKFURT: Germany moved closer to rationing natural gas yesterday as it raised the alert level under an emergency plan after Russia slashed supplies to the country.Gas is now a scarce commodity in Germany, Economy Minister Robert Habeck told reporters at a press conference.Russia was using gas as a weapon against Germany in retaliation for the Wests support for Ukraine following Moscows invasion…

Victoria Shipyards signs contract to maintain Canada's West Coast-based Halifax-class Frigates

The maintenance support for Canada's frigates will see Seaspan provide docking work periods for Canada's five Halifax-class frigates stationed on the West Coast. The Government of Canada also announced similar work would be conducted by two other Canadian shipyards for Canada's seven East Coast-based Halifax-class frigates.

Cheniere Asks Biden Admin To Drop Pollution Rule

Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe, according to documents reviewed…

New Fortress Energy to Deploy FLNG Unit to Develop Mexico's Deepwater Gas Field

After Mexico's Pemex said Sunday it had signed a deal with the U.S. firm New Fortress Energy (NFE) to develop the Lakach deepwater gas/condensate field, the confirmation also came from NFE, which shared more info on the development plan.The agreement involves the joint development of the Lakach deepwater natural gas field…