NYK and Stolt-Nielsen Establish Joint Ownership of Avenir LNG
Following receipt of the relevant regulatory clearances, NYK has completed the acquisition of a 50% stake in Avenir LNG Limited. The stake was acquired from Stolt-Nielsen Gas Ltd., a wholly owned subsidiary of Stolt-Nielsen Limited (SNI), which previously held 100% ownership of Avenir LNG.With the completion of the transaction, NYK and SNI have established a joint ownership and operating structure for Avenir LNG…
Iran Creates Oil Bonanza for the Americas
From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran war by capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change.Oil production in the Americas has become a viable alternative to the Middle East's vast hydrocarbon resources since the outbreak of the Iran war and the closure of the Strait of Hormuz six months ago…
Trump's Deal with Venezuela Raises Red Flags for Some
An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country, sources familiar with the situation told Reuters.A White House fact sheet released late on Monday outlined an arrangement under which private…
