India’s Big Boost for Maritime Oil & Gas Exploration
The Indian government is looking to reduce its 90% reliance on imported crude by providing an $8.8 billion boost to private sector maritime oil and gas exploration.
Industry News
Swedish Prosecutors Extend Detention of Captain in Fatal Boating Collision
Swedish prosecutors on Thursday, August 13, asked the court for a two-week extension of the detention of the captain of the cargo ship Misje Verde as they continue to analyze evidence.
Still in Limbo: India’s Petronet LNG Awaits Clear Gas Supply Commitments From Qatar
India's top gas importer Petronet LNG does not yet have a definite liquefied natural gas supply plan from its leading supplier Qatar, its CEO said on Thursday, as the Middle Eastern producer reviews force majeure on a month-to-month basis.Qatar declared…
Hegseth Says US Navy Ready to Lock Down Iran Indefinitely Through Ship Rotations
The US military has enough assets to maintain a naval blockade of Iran indefinitely, Defense Secretary Pete Hegseth said on Thursday, adding ships could be rotated in and out of the region as needed.Hegseth's comments suggest he is advising US…
FEATURE | Life After OPEC: ADNOC Is Unleashing a Massive Global Energy Push
The gloves are off for ADNOC.State-owned Abu Dhabi National Oil Company has become more aggressive and nimble since the Iran war disrupted exports and as the United Arab Emirates looks to maximise its resources after exiting OPEC in May, according…
CK Hutchison Earnings Hit by Panama Shutdown as $23B Port Deal Stalls
CK Hutchison's cargo traffic and port earnings have been hit by a halt to operations in Panama, it said after posting half-year results, adding that little progress had been made on a $23 billion sale of most of its ports…