Oil and gas producer Eni this week finished loading a 1-million-barrel cargo of Venezuelan heavy crude bound for Spain, the first the Italian company receives in almost two years following the issuance of U.S. licenses freeing exports.Trading houses including Trafigura and Vitol have been handling the lion's share of Venezuela's oil exports since Caracas and Washington in January agreed to a
Commodities trader Glencore and Taiwan's state refiner CPC have chartered a tanker each to load Middle Eastern crude for Asia, while vessels in the Gulf are preparing to exit via the Strait of Hormuz, a day after the ceasefire in the U.S.-Iran war.The two-week truce hinges on letting ships pass through the strait
Trading houses and buyers of Venezuelan oil have chartered the first very large crude carriers (VLCCs) to export from the South American country since a Caracas-Washington supply deal began, which is set to speed up shipments starting in March while boosting deliveries to India, according to four sources and data.
BIO-UV Group has completed the first commercial deployment of its containerized BIO-SEA ballast water treatment system (BWTS) at Port-la-Nouvelle in southern France, supporting the installation of the pioneering EFGL floating offshore wind project in the Mediterranean.The landmark project
A Hong Kong-flagged tanker carrying fuel likely bound for Cuba has halted navigation in the Atlantic Ocean, ship tracking data showed on Wednesday, a blow for the oil-thirsty Caribbean nation.The tanker Sea Horse loaded through a ship-to-ship transfer in the Mediterranean before departing towards the Caribbean Sea, according to monitoring service TankerTrackers.com.
This week, RWE withdrew from a $10 billion Namibia green hydrogen project, the latest example of companies considering such investments.The German power utility said on Monday that it had withdrawn from Namibia's Hyphen green ammonia project because demand for hydrogen and hydrogen derivatives such as ammonia is developing slower than expected in Europe.
A damaged unit of the South Pars refinery's Phase 14, which was hit by Israel in its first strike on Iran's oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.South Pars, the world's biggest gas field, is located offshore in Iran's southern Bushehr province and is responsible for the lion's share of the country's gas production.