Latest News - page 63


How Will China's Clampdown on Mislabelled Cargoes Affect Sanctioned Oil?

May 04, 2023

Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabelled as diluted bitumen in an effort to bypass import quotas.The checks, begun a month ago…

Turkey Makes Its Largest Onshore Oil Discovery in Sirnak Province

May 04, 2023

Turkey has discovered 1 billion barrels of oil in a field in the southeast province of Sirnak, Turkish Petroleum (TPAO) said late on Wednesday, in the largest onshore oil find in the country.TPAO has drilled 2,771 meters deep so far and found a more than 162-meter light oil-bearing reservoir…

Second Oil Tanker in a Week Seized by Iran in Gulf - U.S. Navy

May 03, 2023

A second oil tanker in a week was seized by Iran on Wednesday in Gulf waters, the U.S. Navy said, the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019.The Bahrain-based Fifth Fleet of the U…

MISC Unveils 'Green' FPSO Design

May 03, 2023

MISC, a Malaysian provider of offshore energy solutions and facilities, on Tuesday unveiled what it called a 'future-ready Newbuild Floating Production Storage & Offloading (NBFPSO) Unit' at OTC Houston 2023. 'It is the world’s first NBFPSO…

Singapore Ammonia Bunkering Gets Reality Check from Port Authority, Industry

May 02, 2023

Top global ship fuelling hub Singapore is unlikely to be ready for ammonia bunkering by the end of this year, Singapore's Maritime and Port Authority (MPA) said, while industry players have also raised concerns about feasibility. The port authority's…

Woodside Directors Re-elected Despite Climate Strategy Concerns

Apr 28, 2023

Woodside Energy Group Ltd's WDS.AX shareholders on Friday supported its management pay report and re-election of directors despite a strong push by activist groups and some smaller investors upset over its climate report to reject the plans…

Pertamina Hulu Energi Plans $1.4B Indonesian IPO with June Debut - Sources

Apr 28, 2023

The upstream arm of Indonesia's state energy company Pertamina, Pertamina Hulu Energi, plans to debut on the local bourse in June, after raising at least 20 trillion rupiah ($1.36 billion), two sources with direct knowledge of the matter told Reuters…

Fugro to Conduct Geotechnical Site Survey for Australia's Star of the South Offshore Wind Project

Apr 28, 2023

Dutch offshore survey services firm Fugro has won a contract to conduct an offshore geotechnical site investigation for Australia's offshore wind project Star of the South (SOTS), located off the coast of Gippsland southeast of Australia.Partly…

Singapore's First Ammonia Ship-to-ship Transfer Targeted By 2023-end

Apr 27, 2023

Singapore's first ship-to-ship transfer for ammonia could take place by end-2023, the Global Centre for Maritime Decarbonisation (GCMD) said on Thursday, as the city-state prepared to introduce new fuels for ships.Ammonia is one of several fuels…

CIMC Delivers Jack-up Rig to COSL

Apr 27, 2023

Chinese drilling rig builder CIMC Raffles has delivered the Wan Zuan 3 jack-up rig for operation by COSL in China.The Wan Zuan 3 jack-up drilling rig of F&G SUPER M2 design can operate in a water depth of 300 ft and drill to a depth of 30,000 ft…

Ranhill Worley Scores $50M Engineering Design Contract with Saipem

Apr 26, 2023

Ranhill Worley has secured a $50 million contract with Saipem's subsidiary Servizi Energia Italia to perform detailed engineering design for two compression complexes associated with the North Field Production Sustainability (“NFPS”) Offshore Compression Complexes Project in Qatar…

Bumi Armada Sells Armada Claire FPSO

Apr 26, 2023

Malaysian FPSO leasing company Bumi Armada said Tuesday it had completed the sale of the Armada Claire floating production storage and offloading vessel. The FPSO was sold by Bumi Armada's subsidiary, Armada Balnaves.'The Armada Claire sale was on an “as is where is” basis…

LR Grants AIP for Ammonia FSRU

Apr 25, 2023

A new ammonia floating storage regasification unit (FSRU), the first of its kind in Korea, has been awarded approval in principle (AIP) from Lloyd’s Register (LR), the classification society announced Tuesday.Developed by HD Hyundai Heavy Industries…

Crew Transfer Vessel Arrives in Japan to Serve Ishikari Bay New Port Offshore Wind Project

Apr 25, 2023

A new crew transfer vessel (CTV) for the Ishikari Bay New Port offshore wind farm in Hokkaido Prefecture arrived in Japan from Singapore on April 19, Japan's NYK has informed. The vessel is named “Rera As.”After completing its sea trials, the…

Tankers Face Delays at China's Shandong as Customs Hold Up Mislabelled Cargoes

Apr 21, 2023

Tankers delivering to ports in China's Shandong province are facing delays discharging their oil due to orders for tighter customs inspection checks after several Iranian cargoes were declared as diluted bitumen, traders said.Crude oil, unlike bitumen…

Current News

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