Oil and Petrochemicals
Oil and Petrochemicals
Oil and Petrochemicals
23 h ago
The sinking of the Prospector 5 drilling rig belonging to Borr Drilling off the coast of Gabon
The Prospector 5 drilling rig sank in an unfortunate incident off the coast of Gabon, resulting in one death and four others missing.
Oil and Petrochemicals
Escalation of Houthi Attacks on Saudi Arabia and Rising Oil Prices in the Global Market
Houthi attacks on Saudi Arabia and tankers in the Strait of Hormuz have increased oil prices in the global market. These...
Oil and Petrochemicals
60 Percent of Oil and Gas Production in the Gulf of Mexico Shut Down Due to Hurricane Isaias
Hurricane Isaias has led to the shutdown of 60 percent of oil and gas production in the Gulf of Mexico. 121 production p...
Oil and Petrochemicals
Top Ships Continues to Expand Its Fleet with the Purchase of Four New Tankers
Top Ships has ordered four new tankers from Guangzhou Shipyard International to increase its fleet of oil tankers. These...
Oil and Petrochemicals
COSCO SHIPPING Begins Transit Through Suez Canal with OOCL Portugal
COSCO SHIPPING began its transit through the Suez Canal with the tanker OOCL Portugal on October 4, 2025. This event mar...
Oil and Petrochemicals
LNG Canada Approves Phase 2 and Doubles Export Capacity
LNG Canada has approved Phase 2, which will increase production capacity to 28 million tons per year. This project is in...
Oil and Petrochemicals
Mermaid collaborates with Marine Platforms to expand underwater activities in Nigeria
Mermaid is looking to expand its activities in Nigeria by acquiring 49% of Mermaid Subsea Services. This collaboration a...
Oil and Petrochemicals
Petrobras and ENH Sign Cooperation Agreement in Oil and Gas Sector
The Brazilian company Petrobras and the National Hydrocarbons Company of Mozambique (ENH) have signed an agreement for c...