Oil and Petrochemicals
Transpetrol Sold the Oil Tanker TP Affinity
Transpetrol Maritime Services sold the oil tanker TP Affinity for 73 million dollars to Turkish buyers. This move is par...
Oil and Petrochemicals
Oil and Petrochemicals
Serica Energy Acquires a Cargo of Gas and Oil Assets from Spirit Energy
Serica Energy has added Spirit Energy's gas and oil assets in the North Sea to its portfolio by paying £33 million. This...
Oil and Petrochemicals
Empty Iranian Oil Tankers Stranded Near Sri Lanka
About 20 empty Iranian oil tankers are stranded in the waters near Sri Lanka, and U.S. pressure on these ships has incre...
Oil and Petrochemicals
Borr Drilling Wins New Drilling Projects in West Africa and Europe
Borr Drilling has secured new projects for its three drilling rigs in West Africa and Europe. These agreements include w...
Oil and Petrochemicals
Decrease in LNG Prices Following Tanker Route Change to Oman
LNG prices in the global market have reached their lowest level since 2026. This decrease is due to the change in tanker...
Oil and Petrochemicals
Explosion at Mangalore Refinery in India Leaves One Dead and Eight Injured
The explosion at the Mangalore refinery in India has taken the Coker Hydrotreater unit offline, putting pressure on the...
Oil and Petrochemicals
Seizure of 1.8 Million Liters of Oil Derivatives in the Persian Gulf by Hormozgan Border Guards
The border guards of Bandar Abbas seized a tugboat carrying over 1.8 million liters of oil derivatives in the Persian Gu...
Oil and Petrochemicals
Russia Extends Diesel Export Ban Until the End of October
Russia has extended its ban on major diesel exports until the end of October. This decision comes as global demand for f...
Oil and Petrochemicals
UK Maritime Trade Operations Center: Three Tankers Targeted in the Strait of Hormuz
The UK Maritime Trade Operations Center reported that three tankers were targeted in the Strait of Hormuz. This incident...
Oil and Petrochemicals
Kuwaiti Oil Tanker Al Funtas Attacked in the Strait of Hormuz
The Kuwaiti oil tanker Al Funtas was attacked on September 28, 2026, in the Strait of Hormuz. This incident occurred ami...
Oil and Petrochemicals
Decrease in Islamic Republic Activities in the Strait of Hormuz and Increase in Gulf Oil Exports
The Islamic Republic's control position in the Strait of Hormuz has weakened, and Middle Eastern oil exports have reache...
Oil and Petrochemicals
Unprecedented Increase in the Value of Old Tankers in the Global Market
The value of very large crude carriers (VLCCs) has significantly increased, approaching levels not seen in the past 15 y...