Oil and Petrochemicals
The growth of the tanker fleet has significantly increased in the past two years
The growth of the tanker fleet has accelerated sharply in the last two years, indicating major changes in oil supply. Th...
Oil and Petrochemicals
Oil and Petrochemicals
Singapore LNG Begins Construction of New Jetty to Increase LNG Supply Capacity
Singapore LNG has recently started the construction of a third jetty at the Jurong Island terminal, which will increase...
Oil and Petrochemicals
Iran Responds to U.S. Position on Strait of Hormuz
Iran reacted to the U.S. stance regarding the proposal to reopen the Strait of Hormuz and emphasized the halt of negotia...
Oil and Petrochemicals
Seadrill Secures $420 Million Drilling Contract in Indonesia
Seadrill has strengthened its operations until 2030 by signing a new $420 million drilling contract in Indonesia.
Oil and Petrochemicals
Equinor Signs New Contract for Norwegian Gas Supply to the Netherlands
Equinor has signed a new contract to supply Norwegian natural gas to the Netherlands, aiming to start deliveries from Ja...
Oil and Petrochemicals
Vallourec Receives Pipe Supply Contract for the Absheron Gas Field from TotalEnergies
Vallourec signed a contract to supply over 16,000 tons of pipe products for the Absheron gas field in Azerbaijan with To...
Oil and Petrochemicals
OPEC Plus Ministers Warned About Rising Energy Transportation Costs
Ministers from OPEC member countries and allies of this organization pointed to the unprecedented rise in transportation...
Oil and Petrochemicals
Tejarat Bank Announces Readiness to Participate in the Reconstruction of the National Petrochemical Company
Tejarat Bank, as the specialized bank for the country's petrochemical sector, has announced its readiness to cooperate i...
Oil and Petrochemicals
Murphy Oil Begins Production in New Projects
Murphy Oil has started its production in two new projects in the Gulf of Mexico and Vietnam. The company has also made a...
Oil and Petrochemicals
Reduction of Oil Withdrawal from Reserves by Chinese Refiners
Chinese refiners will reduce oil withdrawal from their reserves this month. This change is due to the improvement in cru...
Oil and Petrochemicals
Increase in Oil Transport Insurance Costs in the Black Sea to $2.5 Million
Insurance costs for oil transport vessels in the Black Sea have risen to $2.5 million. This increase in costs puts addit...
Oil and Petrochemicals
Ali Keshvari is hopeful about overcoming energy imbalance challenges in the Ministry of Oil
Ali Keshvari emphasized the continuation of managerial stability in the Ministry of Oil and expressed satisfaction with...