Releases
Announcements, partnerships, and product updates from Blackwell.
Industry News
Headlines from across the maritime and offshore energy industry.
Putin Clears TotalEnergies Exit From Arctic LNG 2 as Russia's Sanctioned LNG Project Faces Shipping Hurdles
Putin signed a decree letting TotalEnergies sell its 10% direct stake in Arctic LNG 2 to Russian firm Nordline, clearing one of the biggest Western exits from Russia's gas sector since the Ukraine invasion.
Source: gCaptain
Russia Ships Most Oil Since 2022 as Drones Strike Refineries
Russia is now exporting the most crude since its 2022 invasion of Ukraine, with shipments running at 3.46 million barrels a day as Ukrainian drone strikes on Russian refineries push more barrels into a global market already squeezed by the closure of the Strait of Hormuz.
Source: gCaptain
New York Sues Trump Administration Over $795 Million Offshore Wind Buyout Deal
New York Attorney General Letitia James and Governor Kathy Hochul sued the Trump administration over a $795 million deal with TotalEnergies that killed a major New York Bight offshore wind lease and redirected the money into oil, gas, and LNG investments.
Source: gCaptain
EU May Keep Russian Oil Price Cap Unchanged at $44 per Barrel to Pressure Moscow
The European Commission is weighing whether to hold the G7 price cap on Russian crude frozen at $44.10 a barrel at its July review, aiming to curb Moscow's windfall from the Iran war and the resulting oil price shock.
Source: gCaptain
MSC Containership Damaged in Apparent Attack Off Iraq
A Panama flagged containership, MSC Sariska V, was struck by a projectile and caught fire off Umm Qasr, marking the third reported attack in the northern Arabian Gulf since the US and Iran conflict erupted in late February.
Source: gCaptain
Hormuz Mines: Navigation Warning Issued by Oman
Oman's Maritime Security Centre warned mariners Saturday after spotting a suspected floating mine near the Strait of Hormuz, the clearest sign yet of risks shipping groups have flagged for months.
Source: gCaptain
Ukrainian Drones Strike Port and Oil Depot in Southern Russia
Ukraine hit Russian oil infrastructure overnight, damaging a tanker and a refinery at the Azov Sea port of Taganrog and igniting an oil depot in Armavir some 500 km from the border. Russia said it shot down 127 drones across the country.
Source: gCaptain (Reuters)
South Africa Port Authority Signs 25 Year Deal for Ngqura LNG Terminal
South Africa's Transnet National Ports Authority signed a 25 year deal with Ukwanda LNG to build an onshore regasification terminal at the Port of Ngqura, a ZAR 22bn ($1.35bn) project pitched as a cornerstone of national energy security.
Source: Splash247TotalEnergies Made Middle East Oil Mega Trades After Noticing US Navy Buildup in Gulf in February, CEO Says
TotalEnergies CEO Patrick Pouyanne said the company's traders bought roughly 35 million barrels of Middle East crude in March after spotting a U.S. Navy buildup in the Gulf in February, a contrarian bet that helped push the Dubai benchmark to a record near $170 a barrel and lifted first quarter net income 29%.
Source: Reuters
Russia Sends Arctic LNG 2 Cargo East Along Northern Sea Route in Rare May Voyage
The icebreaking LNG carrier Christophe de Margerie has begun a rare May eastbound transit of Russia's Northern Sea Route after loading a cargo at the sanctioned Arctic LNG 2 project, signaling both lighter spring ice and growing pressure on Novatek to keep Asian exports flowing.
Source: gCaptain
Cheniere Moves Ahead With Sabine Pass LNG Expansion
Cheniere Energy Partners signed a lump sum EPC contract with Bechtel for the first phase of its Sabine Pass LNG expansion in Louisiana, a Train 7 build that would add more than 6 million tonnes per year of capacity. The company expects a final investment decision by early 2027.
Source: gCaptain
Jones Act Waiver Reshapes U.S. Oil Trade as Foreign Tankers Flood Domestic Routes
More than 60 foreign flagged tanker shipments have moved crude and fuel between U.S. ports since the Trump administration suspended Jones Act rules in the middle of March, with over 3 million barrels of gasoline, diesel, jet fuel and crude already flowing into California alone.
Source: gCaptain