October 5, 2026 · 7 hours ago Baker Hughes, PDVSA, Lindsayca, and Fulcrum LNG are pooling resources to revitalize Venezuela's energy infrastructure. U.S.-headquartered energy technology giant Baker Hughes has teamed up with PDVSA, Lindsayca, and Fulcrum LNG in a strategic…
A large tanker has caught fire off the coast of the resort city of Sochi, Russia, according to local media accounts and satellite sensing data. The vessel is readily visible from shore, and multiple videos depicting the fire have appeard…
October 5, 2026 · 13 hours ago Ithaca Energy is breaking into the Canadian market by buying Suncor's oil assets in shallow waters off the East Coast of Newfoundland and Labrador.
Romanian officials are denouncing the attack on two small cargo ships in the Black Sea while reporting that the crew of one vessel is missing.
October 5, 2026 · 7 hours ago Yinson Production has locked in a $600 million backlog boost after signing a contract amendment with Eni to overhaul an FPSO offshore Ghana.
A review of Poten's Daily Market Report, which monitors spot freight rates on many of the key tanker trade routes, shows eyewatering numbers. Across the board, tanker rates have reached levels never seen before (see Chart 1, below).
