By Jasmina Ovcina Mandra Uncertainty and volatility continue to cast a shadow over the oil and tanker market […] The post All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility appeared first on Offshore Energy. Read Full Article Here For more great articles: Offshore Energy Today
By Melisa Cavcic A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo. The post Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts appeared first on Offshore Energy. Read Full Article Here For…
By Fatima Bahtić Guangzhou Shipbuilding International, a subsidiary of China State Shipbuilding Corporation, has delivered the fourth LNG dual-fuel crude oil/product tanker to the Bank of Communications Financial Leasing (Bocomm Leasing). The post GSI hands over 4th LNG-fueled tanker to Bocomm Leasing appeared first on Offshore Energy. Read Full Article Here For more great articles:…
By Fatima Bahtić Japanese shipping major NYK, Monohakobi Technology Institute Co. (MTI) and Finnish Elomatic Oy have completed the concept design phase of a new Capesize bulk carrier and a very large crude oil tanker (VLCC) in a project that aims to build an LNG-fueled vessel that can be efficiently converted to an ammonia-fueled vessel….
By Fatima Bahtić South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has held a naming ceremony for two dual-fuel very large crude oil carriers (VLCCs) equipped with liquefied natural gas (LNG) fuel tanks made of high manganese steel. The post VLCCs with world’s 1st high-manganese steel LNG fuel tanks named appeared first on Offshore…
By Melisa Cavcic Panoro Energy has completed a crude oil lifting described as the largest one to date, garnering over $80 million from a single oil cargo. The post UK-based firm records ‘largest ever realised’ crude oil lifting appeared first on Offshore Energy. Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia, Rystad says. The post Rystad: Russian crude… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic The European Union has proposed a ban on all Russian oil imports, aiming to phase out Russian crude oil within six months and refined products by year-end. The post EU to phase out all Russian oil imports ‘in orderly fashion’ appeared first on Offshore Energy. Read Full Article Here For more great…
By Nermina Kulovic Activists in Germany turned off crude oil pipelines at five locations, calling the government to stop new fossil fuels projects. The post Activists in Germany turn off oil pipelines in protest against North Sea drilling appeared first on Offshore Energy. Read Full Article Here For more great articles: LNG World News
By Nermina Kulovic The Government of Guyana expected to receive its first entitlement lift of the Unity Gold crude from the Liza Unity FPSO over the weekend. The post Guyana sells its first share of crude oil from… … Read Full Article Here For more great articles: Offshore Energy Today