News
STAX Secures $150 Million for Ship Emissions Capture Expansion
1+ hour, 24+ min ago (258+ words) US-based STAX Engineering has secured a $150 million financing commitment from Bain Capital to expand its emission capture technology for shipping. The funding will support contracted fleet builds through 2027 and strengthen STAX's deployment of barge-based emissions capture systems at ports across…...
Industry Coalition Warns EU Proposal Could Undermine Renewable LNG Supply
1+ day, 4+ hour ago (336+ words) CMA CGM's LNG-fuelled container ship. Image Credit: CMA CGM Shipping and renewable gas industries say proposed changes to EU sustainability rules governing renewable fuels could undermine the supply of bio-LNG and e-LNG to ships." They say the changes could increase…...
Oil Continues To Drop As Analysts Now Fear Worldwide Supply Glut
1+ day, 9+ hour ago (509+ words) Their concern is based on the market recovering from the U. S. /Iran war far faster than expected: File Image/Pixabay With West Texas Intermediate on Tuesday settling1. 8 percent lower at around $70 per barrel and Brent settling near $73 per barrel, the most unlikely…...
Mild Oil Rise "Odd" After Weekend Of Renewed U. S. /Iran Fighting
2+ day, 11+ hour ago (396+ words) ING thinks overly optimistic traders are making the market vulnerable to "significant" upside risk: File Image/Pixabay Following a tanker in the Strait of Hormuz as well as Kuwait and Bahrain attacked by Iranian drones plus a counterattack by the…...
Oil Set For Record Weekly Decline Despite Escalating U. S. /Iran Tensions
5+ day, 15+ hour ago (483+ words) Analysts insist that both countries are committed to a peace deal, despite hiccups: File Image/Pixabay A drone attack by Iran on a cargo ship near Oman in the Strait of Hormuz did little to alter oil's downward trajectory on…...
Exxon Mobil Trials B30 Biofuel Made from FAME Distillation Residue
1+ week, 1+ day ago (213+ words) Exxon Mobil currently supplies biofuel blends in the ARA region, the UK and Singapore. Image Credit: Exxon Mobil Energy firm Exxon Mobil has completed a sea trial of a new B30 marine fuel blend made using FAME distillation residue. The B30-VLSFO…...
Solstad-SBM JV Orders Methanol-Ready Offshore Installation Vessel
1+ week, 1+ day ago (220+ words) The ship is expected to be delivered in 2029. Image Credit: Solstad A joint venture between Solstad Offshore and SBM Offshore has ordered an offshore installation and construction vessel suitable for conversion to methanol propulsion. The order has been placed with…...
St1 Biokraft Supplies Bio-LNG to Destination Gotland Ferries
1+ week, 1+ day ago (241+ words) The fuel is physically delivered by LNG bunker firm Avenir. Image Credit: St1 Biokraft Nordic biomethane producer St1 Biokraft is supplying bio-LNG to Destination Gotland ferries during the summer season and Almedalen Week 2026. The fuel volume is enough for around 30 one-way ferry…...
Oil Rises As Further U. S. /Iran Talks Cancelled, Peace Pact Feasibility In Question
1+ week, 5+ day ago (471+ words) Analysts think the positive reaction to the peace pact has been overdone: File Image/Pixabay As questions mounted regarding the feasibility of the peace deal between the U. S. and Iran, oil prices on Friday rose'minimally, with at least one analyst fearing…...
Oil Approaches Pre-War Prices As Trump Takes Heat For Conceding To Iran
1+ week, 6+ day ago (476+ words) Following the U. S. and Iran eschewing a Friday signing ceremony in Switzerland and signing'their 60-day interim pact towards a peace agreement on Wednesday, Brent traded just a few dollars above its prewar level. Additionally, the AAA reported that the average cost…...