North Asian buyers avoid Far East Russian crudes in March on sanctions, payment hassles

This post was originally published on this siteCrude oil from Far East Russia, usually a staple for North Asian refiners, is facing a dearth of buyers this month as mounting sanctions against Russia make the trade fraught with risk, sources told S&P Global Commodity Insights March 17. Following the failure of India’s ONGC to attract …

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New JV to reduce subsea work costs in offshore wind, oil & gas industry

This post was originally published on this siteUK-based Load Monitoring Systems (LMS) and subsea communications company Aquatec Group have formed a joint venture to reduce the cost of subsea installation, maintenance and decommissioning in the offshore wind and oil and gas industry. The post New JV to reduce subsea work costs in offshore wind, oil …

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Hapag-Lloyd joins maritime decarbonization center investing $10 million

This post was originally published on this siteThe Global Centre for Maritime Decarbonisation (GCMD) and German liner shipping company Hapag-Lloyd have signed a strategic partnership agreement committing to cooperate on efforts contributing to maritime decarbonisation. The post Hapag-Lloyd joins maritime decarbonization center investing $10 million appeared first on Offshore Energy.

Uniper books extra LNG capacity at Gate terminal

This post was originally published on this siteGermany’s energy company Uniper will book additional LNG capacity at Gate terminal, a joint venture of Vopak and Gasunie, by 1 billion cubic meters per year for three years. The post Uniper books extra LNG capacity at Gate terminal appeared first on Offshore Energy.