Santos Targets LNG and Oil Expansion in Alaska, Oceania and Australia
Australia's Santos will prioritise LNG and oil growth in three core regions, including Alaska and Papua New Guinea, under a new strategy that also includes reducing net debt by $2.5 billion by 2030."We are now laser-focused on investment in major oil and LNG production across three regions," CEO Kevin Gallagher said while speaking at the company's 2026 Investor Briefing Day on Tuesday.The country'sā¦
Brent Jumps 2% After US Strikes in Iran Rattle Oil Markets
Brent crude futures rose more than 2% on Tuesday after the U.S. military carried out strikes in Iran, keeping markets on edge as a deal to end the war and open up the Strait of Hormuz remained elusive.Brent futures LCOc1 were up $2.36, or 2.5%, to $98.50 a barrel as of 0630 GMT, after settling 7% lower in the previous session.U.S. West Texas Intermediate crude CLc1 was at $91.95 a barrel, up slightly from Monday's last traded price but down $4.65, or 4.8%, from Friday's close.
US Strikes Boats, Missile Sites in Iran
U.S. forces on Monday conducted strikes in southern Iran against targets including boats attempting to lay mines and missile launch sites, in what it described as defensive actions.The strikes came as Iran's top negotiator and its foreign minister were in Doha for talks with Qatar's prime minister on a potential deal with the U.S. to end the three-month-old war, an official briefed on the visit said on Monday, after Washington and Tehran played down hopes for an imminent breakthrough.U.S.
CMA CGM Appoints Managing Director of ANL Container Line
The CMA CGM Group has appointed Esra Bora as Managing Director of ANL Container Line and General Manager of CMA CGM Oceania agencies, based in Melbourne, Australia.Bora will oversee the Groupās activities across the Oceania region, as well as the strategy and operations of ANL Container Line. She succeeds Shane Walden, who has resigned from his positions at ANL and CMA CGM.Bora brings more than 18 years of experience in the maritime industry, including over eight years within the CMA CGM Group.
Oil Tumbles as US and Iran Seen Moving Closer to Deal
Oil prices fell nearly 7% on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough.Brent crude futures LCOc1 were down $7.24, or almost 7%, at $96.30 a barrel at 2:29 p.m. ET (1843 GMT) and U.S. West Texas Intermediate CLc1 futures were down $6.30, or 6.5%, at $90.88.Trading volumes were light due to the U.S.
Russia Says Magnetic Mines Found on Tanker
Several magnetic mines had been detected on a tanker in Russia's Baltic Sea port of Ust-Luga, Russia's Investigative Committee said on Monday.The committee said the mines, manufactured in a NATO country, were found by divers during an inspection of the hull of the tanker Arrhenius, which arrived from Belgium's port of Antwerp to load liquefied petroleum gas.Russia has beefed up safety measures in itsā¦
U.S. Coast Guard Commissions Cutter Honoring 9/11 Hero
The U.S. Coast Guard commissioned its newest Fast Response Cutter, USCGC Vincent Danz (WPC 1162), for official entry into its service fleet during a ceremony held in New York City on Friday.The Vice Commandant of the Coast Guard, Vice Adm. Thomas Allan, presided over the ceremony. Members of the Danz family were also in attendance, including the cutter's sponsor, Angela Donohue, widow of the late Vincentā¦
IMO Outlines Plans for Binding Rules for Autonomous Ships
The IMO's Maritime Safety Committee met for its 111th session from May 13 to 22 and adopted a global code for autonomous ships and advanced guidelines for ships operating on alternative fuels.First global code for autonomous shipsIMO adopted a new International Code of Safety for Maritime Autonomous Surface Ships (MASS Code) to support the safe integration of AI-enabled and remotely operated commercial ships into global shipping.The MASS Code sets out a comprehensiveā¦
Chinese Ship Leaves Standoff Near Taiwan-Controlled Islands
A Chinese coast guard ship left waters near Taiwan's strategically located Pratas Islands at the top of the South China Sea on Sunday following a tense standoff and verbal sparring between the coast guards, Taiwan's Coast Guard said.China claims democratically governed Taiwan as its own territory, a position the government in Taipei rejects.China has pressured Taiwan by increasing its military presence around the islandā¦
Trump Says No Rush for Iran Deal, US Blockade Stays
U.S. President Donald Trump said on Sunday he had told his representatives not to rush into any deal with Iran, as his administration played down hopes of an imminent breakthrough in the three-month-old war that had been raised a day earlier.The U.S. blockade on Iranian ships in the Strait of Hormuz would "remain in full force and effect until an agreement is reached, certified, and signed," Trump wrote on Truth Social.
Iran's Continued Control of Hormuz Intensifies Seafarer Misery
Iran's publication of a new map asserting its control over the Strait of Hormuz risks extending an already punishing ordeal for thousands of mariners trapped on ships in the Gulf.More than 20,000 sailors are stuck on around 2,000 vessels in the Gulf, many of them unable to leave ship, lacking adequate supplies of food and fresh water, and fearful of an uncertain future at sea in a war zone.Sailorsā¦
Third Qatari LNG Tanker Transits Hormuz to China
A Third Qatari liquefied natural gas tanker is transiting the Strait of Hormuz and heading to China, ship-tracking data showed on Friday, as a Qatari negotiating team arrived in Tehran to try to help secure a deal to end the war with Iran.As shipments through the waterway continue to be erratic, this third transit of a Qatari LNG tanker is taking place nearly two weeks after a first such cargo passed through the strait under an Iran-Pakistan arrangement.The vesselā¦
France Drafts UN Security Council Resolution on Restoring Hormuz Movement
France has drafted a U.N. Security Council resolution on setting up an international mission to restore movement in the Strait of Hormuz and could submit it if conditions are right, the foreign ministry said on Friday, as Washington struggles to bring to a vote a text Russia and China may say is biased against Tehran.Control of the narrow waterway, a vital artery for global energy trade whose virtual closure has led to spiralling oil pricesā¦
CMA CGM Q1 Resilient, but Shipping Margins Tighten Amid Geopolitical Turbulence
CMA CGM delivered a resilient first quarter, but the numbers underscore the increasingly complex environment facing the global container shipping and logistics giant.The Marseille-based group reported first-quarter revenue of $13.23 billion, essentially flat year-over-year, while EBITDA fell 31.6% to $2.11 billion and net income dropped sharply to $250 million, down from $1.12 billion a year earlier.For the shipping division, the picture was mixed.
Incat Crowther Designed Passenger Ferry Sets Sail in the US Virgin Islands
Spirit of 1733, a new EPA tier 4 compliant 104-foot (32-meter) passenger ferry designed by global digital shipbuilder Incat Crowther for the U.S Virgin Islandās Department of Public Works has entered service. The new vessel is operating on a busy tourist and commuter route between Red Hook on the island of St. Thomas and Cruz Bay on the island of St. John in the U.S Virgin Islands.Named after a historic slave rebellion on the island of St.
IKM Aconan to Deliver Drilling, Well Services for Vår Energi
IKM Acona has been awarded a framework agreement with Vår Energi for the delivery of drilling and wells services on the Norwegian Continental Shelf.The agreement has a duration of four years, with options for an additional 2 + 2 years.The agreement covers support and advisory services within drilling and wells, including engineering studies, procedures, reporting, and project support.The scope of work includes activities within subsurfaceā¦
EU Temporarily Suspends Fertilizer Duties Amidst Hormuz Crisis
The EU will temporarily lift customs duties on key nitrogen-based fertilizers such as urea and ammonia for one year to mitigate the knock-on effects of the Iran war, the Council of the EU said on Friday.Global fertiliser prices have jumped following the near total closure of the Strait of Hormuz, a narrow shipping route along Iran's coast through which around one-third of global fertiliser trade passes.While the EU does not depend on the nitrogen-based fertilisersā¦
RApport 2700 Tugboat Marauder Delivered to Maritime Partners
Master Boat Builders christened Marauder, the first vessel in an eight-tug construction program for Maritime Partners, marking a key milestone for the Gulf Coast shipbuilder and the growing fleet operator.The christening ceremony was held at the National Maritime Museum of the Gulf in Mobile, Ala., bringing together executives from both companies as well as shipyard workers involved in the vesselās construction.Built at Master Boat Buildersā Coden, Ala.
GTT to Design LNG Carrier Tank for Hanwha Ocean
French engineering firm GTT has an order from the shipyard Hanwha Ocean for the tank design of a new liquefied natural gas (LNG) carrier, on behalf of a European ship-owner.GTT will design the cryogenic tanks of the vessel, offering a total capacity of 174,000 m3.The tanks will be fitted with the NO96 Super+ membrane containment system, a technology developed by GTT.Delivery of the vessel is scheduled for the second quarter 2029.
DNV: Why Hydrogen is Not the Next LNG
DNVās Energy Transition Outlook Hydrogen to 2060 report explains why hydrogen wonāt be the next LNG.LNG emerged to monetize geographically concentrated natural gas resources and move energy from a small number of exporting regions to distant markets. Hydrogen, by contrast, will be produced in all regions, predicts DNV.As a result, hydrogen systems are shaped primarily by local production, demand patterns, and balancing requirements rather than by global resource scarcity.
