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One of the world's most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating territorial dispute with neighboring Venezuela.

European oil majors have asked a USA-EU task force to intervene.

Venture Global LNG has extended its cooperation with Shell through a new 20-year deal for the supply of LNG from Plaquemines LNG plant.

The vessels are being constructed in South Korea and are set to be delivered later in the year.

Venture Global will have the ability to access three million mtpa of LNG storage and regasification capacity at the Isle of Grain LNG receiving terminal in the UK.

Net proceeds from the disposition will be directed to further strengthen Veren's balance sheet, it said.

Production for the quarter was above the upper end of its first quarter guidance range.

'Our emergency response plan was put into action to deal with and investigate the incident'.

Costs for shipping energy are surging.

'The approximately 21,000 metric tons of ammonium phosphate sulfate fertilizer that the vessel was carrying presents an environmental risk in the Red Sea', U.S. Central Command said.