Oil and Petrochemicals
Akrotiri Tankers Places Second Suezmax Order
Akrotiri Tankers has recently placed its second order for a Suezmax tanker worth $84.4 million. This new tanker is sched...
Oil and Petrochemicals
Oil and Petrochemicals
Eurotankers sold its tanker cargo for 60 million dollars
The company Eurotankers sold its LR2 tanker for 60 million dollars. This sale reflects the ongoing trend of selling olde...
Oil and Petrochemicals
Contships Logistics Begins Construction of 30 New Oil Tankers in China
Contships Logistics has transformed its fleet by signing a contract for the construction of 30 new oil tankers. This pro...
Oil and Petrochemicals
Tankers are transferring oil shipments to the Kutch Gulf due to sanctions
Oil shipments from Gulf producers are being transferred to the Kutch Gulf due to congestion in the waters near the Strai...
Oil and Petrochemicals
Centrica Signs Long-Term LNG Supply Contract with Canadian Project
Centrica has signed a 20-year LNG supply contract with the Ksi Lisims project in Canada. This project aims to reduce car...
Oil and Petrochemicals
Gulf Oil Exports Have Returned to Pre-War Levels
Gulf oil exports reached 16.5 million barrels per day in September 2026. This increase occurred despite sanctions and Ir...
Oil and Petrochemicals
Transocean Completes Acquisition of Valaris Worth $5.8 Billion
Transocean finalizes the purchase of Valaris with approval from the U.S. antitrust authority. This deal will lead to the...
Oil and Petrochemicals
Aker Solutions Signs New Contract with BP for Engineering Services
Aker Solutions has signed a framework agreement with BP to provide engineering and integrity management services for BP'...
Oil and Petrochemicals
TDI-Brooks Launches Marine Monitoring Program in Timor-Leste
TDI-Brooks, along with Taka Hydrocor Indonesia, will conduct geographical and environmental monitoring in Timor-Leste. T...
Oil and Petrochemicals
Canada's Decision to Double LNG Export Capacity to 28 Million Tons Per Year
Canada LNG has announced the start of Phase 2 of its operations, which will increase the export capacity of this project...
Oil and Petrochemicals
Trump Administration Announces $54 Billion Korean Investment in Alaska LNG Project
The Trump administration announced a $54 billion investment by Korean investors for the Alaska LNG pipeline and liquefac...
Oil and Petrochemicals
China Merchants Signs $2.8 Billion Simandou Iron Ore Transport Contract
China Merchants Energy Shipping has signed a 25-year contract worth at least $2.8 billion for the transportation of Sima...