German energy company RWE said on Thursday that it had reached a $1.22 billion agreement with the Trump administration to cancel three offshore wind leases in U.S. waters and to direct the funds to LNG and natural gas power plant projects.The arrangeme…
RWE, Trump Reach $1.22b agreement to Cancel Offshore Wind Leases Read More »
A proposed deal between Iran and Oman that would give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources…
Shipping Industry Pushes Back Against Proposed Hormuz Passage Deal Read More »
U.S. imports of Middle Eastern crude are set to hit about 600,000 barrels per day in August, the highest since the Iran war began, as a brief opening of the Strait of Hormuz and the rerouting of Saudi oil through the Suez Canal pushed barrels toward Am…
US Will Import Highest Quantity of Middle Eastern Crude Since Start of War Read More »
The maritime industry faces the dual challenge of reducing emissions while remaining economically competitive. As a result, energy efficiency is becoming one of the key drivers of the sector’s transformation.Against this backdrop, SMM will launch the E…
SMM 2026 Launches Energy Efficiency Hub Read More »
Company is approaching production and export of its 5,000th cargo
Cheniere highlights complexity of restarting Middle East LNG supply chains Read More »