President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as the eastern Gulf of Mexico.

U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants started, and driving up full-year shipments 4.5% over 2023, according preliminary data from financial firm LSEG.

President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections for sensitive marine areas during his final weeks in the White House.

Finland's power grid operator Fingrid said on Thursday it had asked a Helsinki court to seize the Eagle S oil tankerin a bid to secure the company's claim for damages related to the breakdown of the Estlink 2 electricity cable.

The European Union’s landmark FuelEU Maritime regulation came into force on January 1, 2025, marking a watershed moment for the shipping industry’s decarbonization efforts. The regulation targets vessels over 5,000...

By Sing Yee Ong Dec 31, 2024 (Bloomberg) –Global liquefied natural gas exports grew at the slowest pace since 2015, threatening to keep prices elevated until new supply comes online to...

By Kati Pohjanpalo Dec 29, 2024(Bloomberg) –Finnish authorities investigating damage to subsea power and data cables found drag marks on the seabed likely left by the anchor of seized tanker Eagle...

SYDNEY, Dec 27 (Reuters) – LawConnect took line honors at the Sydney to Hobart race for a second straight year early on Saturday in a race marred by the deaths of two...

Police in Finland are transferring the seized oil tanker Eagle S closer to land as they step up their investigation into damage caused to undersea cables this week.

A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.

Israel struck multiple targets in Yemen it said were controlled by Houthis, the last of the Iran-backed groups still fully engaged in the regional war that began 14 months ago.

NATO said on Friday it will boost its presence in the Baltic Sea after the suspected sabotage this week of an undersea power cable and four internet lines, while alliance member Estonia launched a naval operation to guard a parallel electricity link.