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China Completes Its Largest Port Oil Storage Facility

Aug 24, 2023

The third phase of China's largest single coastal oil storage facility has been completed and went into operation on Wednesday in Qingdao port, in the eastern province of Shandong, the state media outlet China News reported.The third phase of the Dongjiakou crude oil reserve has a total capacity of 1.2 million cubic meters, taking the combined capacity of the project to 5.2 million cubic meters, state media said…

Singapore Port Authority Seeks Methanol Bunker Supply Proposals

Dec 14, 2023

Singapore's Maritime and Port Authority (MPA) said on Thursday it was seeking proposals from companies to supply methanol as a marine bunker fuel at Singapore from 2025.The call emerged ahead of an expected uptick in methanol-powered ships,…

Environmental Groups Ask Lenders to Avoid LNG Project in Papua New Guinea

Dec 12, 2023

Major global lenders should refuse to finance a liquefied natural gas (LNG) project in Papua New Guinea to help keep global warming in check, civil society groups said on Wednesday, as some owners tap banks ahead of a final greenlight next year…

deugro Completes Heavy Lift Move for FPSO Project in China

Dec 11, 2023

deugro reports that it has delivered a 15.8 x 13.2 x 17.2-m, 392-metric ton CO2 removal system from Rizhao to the COSCO Shipyard Qidong, China.The journey began in Rizhao, China and concluded at the COSCO Shipyard Qidong, spanning a domestic…

Refinery Maintenance Puts a Dent in Russia's Seaborne Diesel Exports

Oct 03, 2023

Seaborne diesel and gasoil exports from Russian ports fell 27% in September from a month earlier to about 2.76 million tonnes due to a major overhaul of refineries and a fuel export ban, data from traders and LSEG showed.Idle primary oil refining capacity for September stood at 4…

Indonesia's Pertamina to Build New Fuel Terminal Following Deadly Fire

Aug 08, 2023

Indonesia's state energy company PT Pertamina said on Tuesday it will develop a fuel storage facility in north Jakarta, following a deadly fire that broke out at a terminal earlier this year and spread into a densely populated residential area…

Pakistan's Import of Russian Crude Facing Obstacles

Jul 31, 2023

Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say.The…

Current News

EU to Investigate Chinese Wind Turbine Suppliers

EU to Investigate Chinese Wind Turbine Suppliers

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

Yinson Holds Naming Ceremony for Brazil-Bound ‘Greener’ FPSO

Yinson Holds Naming Ceremony for Brazil-Bound ‘Greener’ FPSO

Sapura Energy to Provide Subsea Services for Shell Off Malaysia

Sapura Energy to Provide Subsea Services for Shell Off Malaysia

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