China has delivered its first smart floating production storage and offloading (FPSO) with land-sea integrated operation system, marking a breakthrough in the country’s application of the digital twin technology. The offshore oil and gas FPSO with a […]
Top insurers have become lightning rods in the ballooning climate change battleground as these companies are being pressured to stop underwriting policies for the oil and gas industry. More than 140 groups, including climate activists, consumer rights and […]
At least two oil tanker owners are staying away from Nigeria after several companies received backdated tax bills totaling millions of dollars. Multiple businesses received demands from Nigeria’s Federal Inland Revenue Service, according to a […]
Islamabad, Pakistan – Pakistan has received its first shipment of Russian crude oil under an agreement signed between the two countries in April, but experts believe it will be too soon to say if the […]
New York, 24 May (Argus) — A sharp drop-off in tonne-mile demand for US Gulf coast medium range (MR) clean tankers so far this year has pressured freight rates for the segment to the lowest […]
As the world moves toward a sustainable future, some regions have an abundance of renewable energy, while others are at a geographical disadvantage. Japan-based startup PowerX has a solution with the world’s first electric battery tanker, “X,” […]
Greek shipping companies are making a lot of money by moving large volumes of Russian oil that other tanker companies are unwilling to touch. Ukraine has added the tanker firms of several Greek tycoons to […]
SINGAPORE, April 21 (Reuters) – Volumes of liquefied natural gas (LNG) stored at sea have increased on an annual basis this month, driven by more vessels in Asia amid high inventories and slow spot demand in Japan, China […]
Last August, we were the first to show how Russia was bypassing Europe’s so-called commodities embargo: it was selling LNG to China which was then re-selling it to Europe at a substantial mark up. And […]
Valero takes Venezuelan crude in February Houston, 28 April (Argus) — US independent refiner Valero received crude from Venezuela in February, adding to the list of US refineries that are absorbing volumes from the South […]
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