The world’s biggest semi-submersible crane vessel (SSCV) is ready for sea trials and expected to enter into service for Heerema Marine Contractor shortly after.
Read More »Saudi Arabia Backs out of Major Russian LNG Project
The Saudi Arabian national oil and gas company Saudi Aramco has decided not to buy a share in Novatek’s Arctic LNG-2 project.
Read More »GASCO Inks SAR 130 mln Gas Cylinders Supply Agreement
Under the three-year agreement. the Saudi gas factory will manufacture and supply gas cylinders and tankers to GASCO.
Read More »Fiat Chrysler puts Merger Offer to Renault Board
Fiat Chrysler has made a transformative merger proposal to Renault. the Italian-American carmaker said. in a deal that would create a new third-ranked global manufacturer.
Read More »BC Has No Power To Regulate Crude Flowing Through Trans Mountain
The project has languished in pipeline purgatory as Canada’s federal government. BC. Alberta. indigenous groups. and environmentalists continue to wage war over the controversial project.
Read More »Chinese Crude Imports from Saudi Arabia Rose 43% in April
Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.
Read More »Oil under Pressure from U.S.-China Trade War
In oil futures markets. the trade war effect is better seen beyond the spot market.
Read More »The US Tariffs on China Have Been Paid Almost Entirely by US Importers
The IMF study says tariff revenue collected from levies on Chinese goods has been borne almost entirely by U.S. importers
Read More »Russia Launches Nuclear Ice-Breaker Ural
Ural is the third of the new LK-60Ya class of nuclear-powered ice-breakers which are replacing the Arktika-class.
Read More »China Using Freon Gas Violating Intl. Agreement in Destruction of Ozone Layer
This could create setbacks in international efforts to restore the ozone layer to its 1980s level by 2050.
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