China’s first seagoing LNG bunker vessel will operate with a comprehensive and integrated package of highly efficient and environmentally sustainable solutions.
Read More »Lukoil Enters Hydrocarbon Production Project in The Congo
PJSC Lukoil concludes an agreement with New Age M12 Holdings Limited to acquire a 25% interest in the Marine XII license in the Republic of Congo for $800 million in cash.
Read More »World’s Biggest Semi-Sub Crane Ready for Sea Trials
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 »Iraq`s Crucial Part in Oil Industry’s Future
Iraq has adequate supplies of natural gas but has been flaring gas at increasing rates as oil production climbs.
Read More »US Shale Industry Expected To Dominate Supply Growth
The IEA warned that the oil industry is in danger of creating a major supply gap in the 2020s.
Read More »Oil Rise on OPEC`s Supply Cuts. but U.S. Surge Caps Gains
Oil prices have been receiving broad support this year from supply cuts by OPEC and non-affiliated allies like Russia aimed at tightening markets.
Read More »Iran among Top 11 Countries in Building Submarines
Preparations to build Fateh submarine started in early months of the year 1387 based on requests of Army’s Navy.
Read More »Iran Studies Staging Joint Naval Drills with Russia. China
Iran will stage large-scale naval drills in the Sea of Oman and Indian Ocean in the near future.
Read More »Al-Kaabi Plans to Order 60 New LNG Carriers
South Korean would be considered a primary option for building new LNG carriers for Qatar.
Read More »Rebalancing of Global Oil Market to Be Gradual
Venezuela has seen the collapse of its oil industry slow during the second half of 2018.
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