As additional flows are steered toward Asia in anticipation of European Union sanctions that go into force early next year, a fleet of tankers carrying Russian fuel oil has moored close to Singapore and Malaysia. According to Vortexa Ltd., 1.1...
As its second international partner in the North Field South (NFS) expansion project, QatarEnergy has selected Shell. The two LNG mega trains that makeup North Field South have a combined capacity of 16 million tons per year (mtpa), increasing Qatar’s...
At its Upper Zakum Concession, Abu Dhabi National Oil Company (ADNOC) has smashed the record for the longest oil and gas well. The 50,000-foot-long well, which breaks the previous world record drilled in 2017, helps ADNOC’s initiatives to increase the...
VaalcoEnergy has announced that the $307 million strategic merger with TransGlobe Energy Corporation has been completed. Under the ticker EGY, the combined business will now trade on the NYSE and LSE. With a varied portfolio of assets in Gabon, Egypt,...
On October 10, it will have been 40 years since the Mary Rose, one of Henry VIII’s warships, was exhumed from the Solent’s seabed. During the Battle of the Solent in 1545, the ship sank, and it was not discovered...
In spite of recent negative economic trends, oil gained as US fuel stockpiles fell and exports reached a record. West Texas Intermediate futures saw a 3.4% weekly increase and ended close to $88 per barrel. According to federal data, the...
