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.
This section features news related to the global energy sector, covering the key developments shaping energy production, transportation, processing, and distribution worldwide. It includes updates on oil and gas, renewable energy, energy infrastructure, strategic investments, and major industrial projects influencing the evolution of the energy market.
The news published in this category addresses the full energy value chain, including upstream, midstream, and downstream activities, as well as developments in wind energy, emerging energy technologies, and solutions supporting the global energy transition. Coverage also highlights corporate initiatives, infrastructure expansion, technological innovation, and regulatory developments affecting the competitiveness of the industry.
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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.
Oil and Gas
TotalEnergies assumes operational control of the Zeeland refinery
The French oil company fully manages the plant, while Lukoil retains its 45% in the expectation of selling it.
Oil and Gas
Duke Energy exceeds 2025 EPS forecasts and projects growth to 2030
Grid expansion and technological upgrades continue to be long-term structural drivers.
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