ClassNK has granted Approval in Principle (AiP) for the design of a liquefied CO2 carrier intended to support a floating offshore carbon capture and storage (CCS) injection facility.The vessel is designed to serve a Socket SPAR unit, a floating…
ClassNK Grants Approval for CO2 Carrier Design for CCS Project Read More »
A Thai oil tanker has safely passed through the Strait of Hormuz following diplomatic coordination between Thailand and Iran, and was not required to pay to escape the blockade, a Thai official and the oil major that owns the vessel said on…
Thai Tanker Transits Hormuz after Iran Talks Read More »
A fire broke out at Russia’s Baltic Sea port of Ust-Luga, a major oil export hub, after a major Ukrainian drone attack, Russian officials said on Wednesday.Ukraine has stepped up drone attacks on Russian oil refineries and export routes over…
Blaze Hits Russia’s Ust-Luga Oil Port Following Drone Strike Read More »
Iran has told the United Nations Security Council and the International Maritime Organization that “non-hostile vessels” may transit the Strait of Hormuz if they coordinate with Iranian authorities, according to a note seen by Reuters on Tuesday.The…
Iran to UN: ‘Non-Hostile’ Ships Can Transit Strait of Hormuz Read More »
Oil prices sank about 4% on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war in the Middle East, raising prospects of a ceasefire that could ease supply disruptions in the region.Brent crude futures LC…
Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears Read More »