Oil and Petrochemicals
Venezuela's Oil Sales Halted Due to Rising Transportation Costs
Venezuela's oil sales for loading in October have been halted due to a sharp increase in transportation costs. This situ...
Oil and Petrochemicals
Oil and Petrochemicals
Governor of Khuzestan: The condition of three injured in the Abadan refinery incident is under control
Three employees of the Abadan refinery were burned in an incident and are currently undergoing treatment. Medical measur...
Oil and Petrochemicals
Extension of Ventura Offshore's Contract with Searah for Drilling in Indonesia
Ventura Offshore announced the extension of its contract with Searah for the drilling of the JKNE Upside-1 Dir well. Thi...
Oil and Petrochemicals
Karpowership Completes Final FSRU Shipment
Karpowership has completed the conversion of the last tanker into a floating storage and regasification unit (FSRU) in S...
Oil and Petrochemicals
Reduction in Gasoline Production at Abadan Refinery Following Distillation Unit Incident
An incident in the distillation unit of the Abadan refinery has led to a reduction in gasoline production. The CEO of th...
Oil and Petrochemicals
Chevron and Egypt Discuss Accelerating Mediterranean Gas Project
Egypt and Chevron are in talks to expedite the Aphrodite gas project. These negotiations will help speed up the process...
Oil and Petrochemicals
Twentyfold Increase in Tanker Revenues Due to Geopolitical Crises
The revenues of large tankers have significantly increased due to political crises in the Middle East. New investors hav...
Oil and Petrochemicals
Explosion at Abadan Oil Refinery; Gasoline Production Reduced to 8 Million Barrels per Day
The explosion in Unit 70 of the Abadan Oil Refinery left three injured and significantly reduced the gasoline production...
Oil and Petrochemicals
Increase in Saudi Crude Oil Exports to Highest Level Since the Start of the Iran War
Saudi crude oil exports reached an unprecedented 5.28 million barrels per day in September. This increase occurred due t...
Oil and Petrochemicals
Petronas Expands Its Fleet with Delivery of New LNG Carrier
Petronas LNG Ltd. has expanded its fleet with the delivery of a new LNG carrier, ready to meet the growing global demand...
Oil and Petrochemicals
Fugro Secures New Contracts in Timor-Leste
Fugro has signed new contracts for conducting geophysical and geotechnical surveys in Timor-Leste. These contracts will...
Oil and Petrochemicals
Development of the Sakarya Gas Field with a New Subsea7 Contract
Subsea7 has signed a new contract with the Turkish Petrochemical Technology Center worth between $50 million and $150 mi...