Economy
Jason Varsapidis Appointed as CEO of DP World Asia Pacific
Jason Varsapidis has been appointed as the CEO and Executive Director of DP World in the Asia Pacific region. In this ne...
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Oil and Petrochemicals
International Seaways Expands Its VLCC Fleet with $370 Million Acquisition of Bruton
International Seaways announced a $370 million agreement to acquire Bruton Limited to expand its fleet. This agreement i...
Economy
California Ports Set New Loading Records
The Ports of Los Angeles and Long Beach broke the historical monthly record in September 2023 by handling 2.04 million T...
Economy
Pedro Sánchez: The Iran War Has Cost Europeans Over $117 Billion
Pedro Sánchez, the Prime Minister of Spain, announced in a message that the Iran war has so far cost European countries...
Oil and Petrochemicals
Decrease in Super Tanker Freight Rates Following Attacks in the Middle East
Super tanker freight rates have decreased this week due to reduced demand and new attacks in the Middle East. This decli...
Oil and Petrochemicals
The International Energy Agency Accelerates Oil Reserve Release
The International Energy Agency has decided to accelerate the release of approximately 100 million barrels from its emer...
Oil and Petrochemicals
Iran's Liquefied Gas Exports Break Through US Naval Blockade
Iran's liquefied gas and aviation fuel shipments have successfully passed through the US naval blockade and have been se...
Economy
Fourfold Growth of Small-Scale Solar Energy Production in the United States
Solar energy production from small-scale systems in the United States has increased from 18,812 GWh to 92,979 GWh over t...
Technology
The REM Offshore Subsea Fleet Arrives in Norway
The second subsea construction fleet of REM Offshore, named REM Ocean, has arrived in Norway to begin the completion sta...
Oil and Petrochemicals
Iran continues LPG and jet fuel exports despite US sanctions
Iran has been able to continue exporting liquefied gas and jet fuel since July, despite US maritime sanctions. These exp...
Oil and Petrochemicals
800,000 Ton Reduction in Fuel Oil Supply Due to Tensions in the Middle East
Middle Eastern tensions have severely reduced the supply of fuel oil. This situation has led to rising prices and concer...
Oil and Petrochemicals
Equinor Activates Pricing Options for Additional Wells in the Deep Atlantic Sea
Equinor has extended the additional well contract for the Deepsea Atlantic offshore platform. This semi-submersible plat...