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Frontline to buy 24 VLCCs from Euronav amid expected tanker market upswing

This post was originally published on this siteDirty tanker firm Frontline is to buy 24 modern VLCCs from Euronav, ending a drawn-out corporate dispute, as the company hopes for limited vessel supply and growing demand to lead to insufficient tonnage and high freight rates. Global oil demand is forecast to grow by 2.2 million b/d […]

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Russia outlines controls on diesel exports after ban lifted, price pressures ease

This post was originally published on this siteAn export ban on Russian oil products — now partially lifted — has succeeded in lowering prices and ensuring supply, including to the agricultural sector, with export levels to be carefully controlled until the market is being fully supplied, Russian officials said Oct. 9. Russia moved to limit

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Chevron Shuttering Tamar Natural Gas Field Offshore Israel as War Rages

This post was originally published on this siteIsrael, which declared war against Islamist militant group Hamas following an unprecedented attack by the group in Israeli territory, has instructed Chevron Corp. to shut in the Tamar natural gas platform offshore the northern coast. Israel formally declared war on Hamas and ramped up a major military operation

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Tellurian, Delfin Eye Timeline Extensions on Louisiana LNG Export Project

This post was originally published on this siteThe potential start of two developing Louisiana LNG terminals has been pushed back as Tellurian Inc. and Delfin Midstream Inc. adjust to equipment manufacturing and contracting delays. FERC has granted Delfin a four-year extension for its 13.3 million metric ton/year (mmty) floating liquefied natural gas project that would

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Join Us for the Gulf Energy Information Excellence Awards: Where Excellence Takes Center Stage

This post was originally published on this site (P&GJ) — In just two days, the prestigious Gulf Energy Information Excellence Awards will take center stage, celebrating the finest achievements in the energy industry. This remarkable event, combining the recognition programs of World Oil, Hydrocarbon Processing, Pipeline & Gas Journal, and Petroleum Economist into a single

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