Oil and gas companies operating in Norway expect to invest a record 275 billion Norwegian crowns ($24.68 billion) in 2025, up from 263.7 billion this year and more than previously expected, the Offshore Norge industry association said on Monday.The ind...
Read more
US Hits North Korea and Russia with More Sanctions
The United States hit North Korea and Russia on Monday with new sanctions that the Treasury Department said targeted Pyongyang's financial activities and military support to Moscow.The sanctions, which list North Korean banks, generals and other offici...
Read more
Russia Testing NATO’s Baltic Security
Russia is disrupting mobile communications and ship-tracking data across the Baltic Sea, endangering vessels and energy supplies to test how Western powers will respond, a Polish admiral overseeing the area said.Vice Admiral Krzysztof Jaworski…
Read more
Western Nations to Disrupt and Deter Russian Shadow Fleet
Twelve Western countries have agreed measures to "disrupt and deter" Russia's so-called shadow fleet of vessels in order to prevent sanctions breaches and increase the cost to Moscow of the war in Ukraine, Estonia's government said on Monday.The measur...
Read more
New Device Produces Ammonia from Air
Researchers at Stanford University and King Fahd University of Petroleum and Minerals in Saudi Arabia have developed a prototype device that can produce ammonia using wind energy to draw air through a mesh.The approach is an alternative to the…
Read more
EU Sanctions Target Shadow Fleet
The European Commission has welcomed the EU Council's adoption of the 15th sanctions package against Russia. The focus of this package is to keep cracking down on Russia's shadow fleet.With this package, the EU has, for the first time, imposed ‘fully-f...
Read more
AAM to Construct Electric Ferries for SF Bay Ferry
All American Marine (AAM) has announced a partnership with San Francisco Bay Ferry to build their 150-passenger battery-electric vessels. This landmark project will contribute significantly to advancing sustainable passenger transport in the…
Read more
Houston’s Volumes Surge to Best Month of Year
Port Houston Container Volumes Up 24% in November.Port Houston is on track to close 2024 as one of its most successful years to date, handling 3,799,573 twenty-foot equivalent units (TEUs) through November—a 9% increase over the same period last year.
Read more
NW Europe Fuel oil Imports at 3-year High
A rush to replenish scarce supply of high-sulphur fuel oil (HSFO) pushed Northwest European imports of residual fuel oil to their highest in three years in November, analysts told Reuters.The Amsterdam-Rotterdam-Antwerp (ARA) area, Europe's main tradin...
Read more
Ukraine blames Russia for Black Sea oil spill
Ukraine said on Monday Russia was to blame for a major oil spill in the Kerch Strait that leads into the Black Sea, accusing Moscow of breaking navigation safety rules by using old tankers and keeping two vessels at sea during a storm.A Russian oil tan...
Read more