Tagged Rosneft

Russian LNG-fueled Aframax tanker ready for sea trials

Rate this article By Adnan Bajic The first Russian Aframax tanker, the LNG-fueled Vladimir Monomakh is ready to start sea trials. Courtesy of Zvezda Shipbuilding Complex The vessel, designed to transport oil in unrestricted navigation, was launched at the Zvezda Shipyard at the start of May. Sea trials will include checking the reliability and vital…

BP profit slips on demand destruction and low prices

Rate this article By Nermina Kulovic Oil major BP reported a significant decline in its quarterly profit due to lower prices and the destruction of oil demand by the coronavirus crisis. BP on Tuesday posted an underlying replacement cost profit for the first quarter of $0.8 billion, compared with $2.4 billion for the same period…

Russia’s Sovcomflot orders two LNG-powered aframax tankers

Rate this article By LNG World News Russia’s largest shipping company Sovcomflot has ordered two liquefied natural gas (LNG)-fuelled aframax tankers at the new Zvezda Shipbuilding Complex. VEB-Leasing will finance the construction of the tankers, whilst a subsequent 20-year time-charter for them has been agreed with Russia’s Rosneft, according to a Sovcomflot statement on Tuesday….