Oil and Gas
Aramco sets goal of 75% local content by 2030
The target of 75% localization by 2030 positions Aramco as the hub of Saudi industrialization.
Latest Energy News
Maritime
NYK agrees long-term charter with Cheniere for LNG carriers
NYK's first contract with Cheniere to operate state-of-the-art LNG carriers built by HD Hyundai from 2028.
Oil and Gas
PETRONAS Carigali adjusts Sabah stake and strengthens alliance with SMJ Energy
State-owned SMJ Energy takes 20% of the North Sabah block, strengthening its presence in East Malaysia's offshore resources.
Maritime
MOL incorporates dual-fuel VLGC vessel for strategic alliance with TotalEnergies
230-meter vessel will operate on LPG and will be able to transport ammonia, in line with MOL and TotalEnergies' decarbonization goals.
Oil and Gas
OPEC forecasts a drop in demand for OPEC+ crude oil in the second quarter
OPEC anticipates a drop in demand for OPEC+ crude oil of 400,000 barrels per day during the second quarter of the year.
Oil and Gas
TotalEnergies reduces share buybacks after oil and gas slump
Repurchase declines to US$750 million in the first quarter while Q4 adjusted net income came in at US$3.8 billion.
Maritime
Seatrium initiates international arbitration against Petrobras for the P-54 FPSO
The US$55.7 million FPSO P-54 dispute escalates to international arbitration in London.
Oil and Gas
U.S. eases sanctions and authorizes services to Venezuelan oil sector
Authorize energy transactions with PDVSA under specific legal conditions.
New Energies
Canadian airlines suspend flights to Cuba due to lack of fuel on the island
The warning of a possible fuel shortage shortage of jet fuel in Cuba The warning of a possible fuel shortage for planes in Cuba…
Oil and Gas
Pipeline maintenance triggers explosion in Oaxaca
Explosion in Pemex pipeline in Oaxaca during maintenance. Authorities activate emergency protocols.
Energy's Industry Voices & Event Coverage
Eddyfi redefines non-destructive testing with sensors and robotics
OSRL 2025 consolidates technical cooperation in spill preparedness
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