U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has approved a deepwater port licence application for ST LNG LLC’s $8.2 billion project that will be built 10 miles offshore from Matagorda, Texas. In a statement issued on Wednesday (28 October), the U.S. Department of Transportation (DOT) said that, at full capacity, the deepwater port will include 20 platforms, four LNG floating storage units, four mooring systems, and 7.7 miles of pipeline. It will feature four 2.1 million tonnes per annum (MTPA) liquefaction systems and, according to the DOT statement, ‘expand America’s LNG export capacity by […]

There is growing interest in the role of AI and digital systems as decision-support tools in bunkering, but widespread adoption will take time and require more trust, amid consensus that commercial and operational decisions will remain in human hands. These sentiments were among the key takeaways from the ARACON session ‘A different mindset: stress-testing and reframing commercial and operational processes’, organised by ship.energy in Rotterdam last week (22 October). The panel brought together representatives from counterparty and credit risk, compliance, know your customer (KYC) due diligence and AI and digital driven maritime software platforms to discuss how digitalisation and AI […]

Spain-headquartered energy group Repsol has reported a net income of €5.006 billion from January through September, including a positive inventory effect of €943 million resulting from the impact of higher crude oil prices on the book value of inventories. In a statement issued today (30 October), the company said that this compares with €1.177 billion in the same period last year, which was ‘affected by lower crude oil prices, leading to a negative inventory effect of €478 million; as well as by the impact of the nationwide blackout in April 2025’. The company added that, in order to bolster its […]