Oil and Petrochemicals
Fluor and JGC Awarded Multi-Billion Dollar Contract for Canada LNG Project
Fluor and JGC have been selected as contractors for Phase 2 of the Canada LNG project. This project will increase produc...
Oil and Petrochemicals
Oil and Petrochemicals
Scorpio Tankers Begins Fleet Expansion with New Tanker Purchases
Scorpio Tankers has strengthened its fleet with an investment of $415.6 million in four new tankers. The company has als...
Oil and Petrochemicals
SLB OneSubsea Signs Contract for Subsea Production Systems Supply for Mozambique LNG Project
SLB OneSubsea has signed a contract with ExxonMobil Moçambique to supply subsea production systems for the Rovuma LNG pr...
Oil and Petrochemicals
Tufton Records 81% Increase in MR Tanker Charter Rate
Tufton has experienced an 81% increase in its previous rate by locking in its MR tanker at a price of $39,000 per day. T...
Oil and Petrochemicals
National Gas Company of Trinidad and Tobago Signs New Contracts with Shell
The National Gas Company of Trinidad and Tobago has signed contracts with Shell for new gas projects that will enhance t...
Oil and Petrochemicals
Bernhard Schulte Shipmanagement Acquires 50% of OffshoreCrew
Bernhard Schulte Shipmanagement has acquired 50% of OffshoreCrew to expand access to specialized workforce. This collabo...
Oil and Petrochemicals
OceanMight Signs Construction and Supply Contract with Shell for Marine Projects in Malaysia
OceanMight has received an engineering, procurement, and construction contract from Shell for marine projects in Malaysi...
Oil and Petrochemicals
Jefferson Acquires Port Arthur Terminal with $255 Million Contract
Jefferson has acquired the Port Arthur terminal in Texas and 50% of a diluent recovery unit in Alberta from the USD Grou...
Oil and Petrochemicals
Delivery of Oil Shipment Amid Sanctions to China
An oil tanker carrying 200,000 barrels of oil from Iran to China is en route on October 22, 2023. This shipment continue...
Oil and Petrochemicals
Shell Canada Confirms LNG Project by Doubling Capacity
Shell Canada Energy has made a final investment decision to expand the LNG project in British Columbia. This expansion w...
Oil and Petrochemicals
Establishment of Mermeid Subsea Joint Venture in Nigeria in Partnership with Total Energies
Mermeid Subsea Services Limited was established to collaborate with Total Energies and other major oil and gas companies...
Oil and Petrochemicals
Increase in VLCC Tanker Trading Activity in September Amid Middle East Tensions
The trading activity of VLCC tankers in September has significantly increased, with transaction values reaching $1.54 bi...