Oil reaches monthly high due to tension in the Strait of Hormuz
The escalation of the conflict in the Middle East is driving up oil prices and increasing uncertainty about the global supply of crude.
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Arabian Drilling will reactivate three offshore platforms in the Middle East.
Arabian Drilling will restart three offshore platforms and expects to recover its full marine capacity before the end of 2026.
Williams raises $5.34 billion and strengthens its energy strategy
Williams will develop five Power Innovation projects after securing a $5.34 billion investment led by Blackstone and other financial partners.
Aker Solutions will design Bellrock’s electrical infrastructure
Aker Solutions will evaluate the power transmission for the Bellrock floating wind farm, a 1.8 GW project off the coast of Scotland.
Chinese reduces its orders for Saudi crude amid risks in Hormuz
Several Chinese refineries are reducing their purchases for August as regional discounts and maritime risk disrupt Asian supply.
TotalEnergies sells its distributed solar power and focuses on large parks
TotalEnergies completes the sale of 170 MW of distributed solar assets in Europe to prioritize large-scale renewable projects.
JERA and Samsung C&T strengthen the hydrogen and ammonia supply chain in Asia
JERA and Samsung C&T will evaluate more resilient supply chains for the regional supply of hydrogen and low-carbon ammonia.
Lhyfe and Messer agree on renewable hydrogen for the next 10 years
Messer will purchase renewable hydrogen for 10 years and will acquire 30% of four plants operated by Lhyfe.
Eni and BMW incorporate HVO diesel biofuel into their corporate fleets
Eni and BMW will supply corporate fleets with HVOlution to reduce emissions and track the fuel used in each vehicle.
European gas prices rise amid crisis in the Strait of Hormuz
Escalating tensions in the Strait of Hormuz are driving up European natural gas prices and increasing uncertainty about LNG supplies.
Oil prices rise amid escalating hostilities in the Strait of Hormuz
Increased tensions in the Strait of Hormuz are boosting oil prices and keeping the international energy market under pressure.
Ocean Winds activates EFGL, its 30 MW floating wind farm in France
Ocean Winds activates EFGL's 30 MW off the coast of Occitania and consolidates floating offshore wind in deep waters.