Oil and Petrochemicals
Reduction in Gasoline Production at Refineries in Favor of Mid-Distillates in 2026
Gasoline production at U.S. refineries has decreased due to the high profit margins of mid-distillates. This shift in pr...
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Oil and Petrochemicals
RINA Signs €11 Million Contract with Petrobras for Underwater Systems Assessment
RINA has signed a three-year contract worth €11 million with Petrobras to support the assessment and management of under...
Economy
Woodside to Cut 500 Jobs as Part of $400 Million Savings
Woodside has decided to reduce over 500 jobs to achieve $400 million in savings. This move is part of a restructuring pl...
Economy
Mohsen Rezaei: Iran Will Sell Russian Gas to Neighboring Countries
Mohsen Rezaei, Secretary of the Supreme National Security Council, announced a plan to sell Russian gas to neighboring c...
Technology
Deutsche Windtechnik Secures Maintenance Contract for Alpha Ventus Wind Farm
Deutsche Windtechnik has secured a comprehensive maintenance contract for all turbines at the Alpha Ventus wind farm in...
Oil and Petrochemicals
Aker Solutions Receives Engineering Contract for the Reconstruction of the Maydan Mahzam Oil Field in Qatar
Aker Solutions has received an engineering contract worth between $54 million and $162 million for the reconstruction pr...
Technology
Euro Tidal Energy Farm in Ireland Receives European Commission Approval
Swedish company Minesto has received STEP approval from the European Commission for the Euro Tidal Energy Farm project i...
Oil and Petrochemicals
HEA Energy Acquires Six Heavy Vessels from Subsea7
HEA Energy has added six vessels to its fleet by acquiring Subsea7's heavy transport business. The deal is expected to b...
Exclusive Report
Finnish Court Sentences Captain and Crew Member of Tanker Fitburg to Prison
The Helsinki District Court sentenced the captain and crew member of the tanker Fitburg to prison for the intentional de...
Oil and Petrochemicals
Seacon Shipping Acquires New Tanker for $19.6 Million
Seacon Shipping has purchased a new tanker named Jia Yue Ming Zhu for $19.6 million. This tanker will soon be renamed Go...
Technology
Vattenfall Signs Final Agreement for Offshore Wind Projects in Denmark
The Swedish energy group Vattenfall has signed a final agreement for two offshore wind projects with a total capacity of...
Economy
The Necessity of Adjusting Gasoline Prices Considering Household Livelihoods in Iran
The gasoline production shortfall and fuel supply issues have highlighted the need to adjust gasoline prices in Iran. Ec...