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Tag: crude oil

Wärtsilä signs 10-year agreement with MOL for 12 new LNG carriers

General
The agreement for three of the vessels was booked by Wärtsilä in Q3 2025, with the remaining vessels booked in the first half of 2025.

MPC OSE Offshore secures long-term financing for newbuild program

Business
Long-term financing secured for a fleet of Offshore Survey and Support Vessels (OSSVs) with deliveries scheduled for 2026-2027

Shell tries to defend ‘difficult’ decision to buy Russian crude oil

Russia-Ukraine War
Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine.

Shell identifies damage to WD-143 from Hurricane Ida in the Gulf of Mexico

Maritime Accidents
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, conducted an initial flyover of its assets in the path of Hurricane Ida.

Brazil leads global offshore crude oil production from upcoming projects in 2025

Oil & Gas
A total of 29 crude oil projects are expected to start operations in the country during 2021-2025.

ADNOC continues strategic expansion with acquisition of two additional VLCCs

Business
Capacity building supports ADNOC Group’s commitment to boost crude oil production capacity by 25% over next decade

North P&I gives practical advice on the long-term storage of liquid cargoes

Merchant Navy
Low oil prices have led to some tanker owners to consider using their vessels as a means of medium-to-long term floating storage.

How will the 2020 sulphur cap affect downstream, upstream, LNG and bulks sectors

Safety & Regulations
WoodMac's experts focused on the approaching IMO 2020 and the impacts it could possibly have beyond refining and shipping

Russia’s Rosneft Signs Oil and Gas Deal with China

Oil & Gas
Russian oil giant Rosneft said that China National Chemical, known as ChemChina, agreed to purchase 2.4 million tons a year of crude oil.

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