The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of ...

Washington has imposed multiple rounds of sanctions on ships and entities dealing with oil from Iran and Russia since October ...

China has announced the completion of the world’s first floating oil and gas production and storage unit. The unit utilizes carbon capture an ...

The floating production storage and offloading unit carries technology designed to mitigate its environmental impact.

China recently completed the construction of the world's first offshore floating production and storage vessel equipped with ...

The real-time price of Brent crude oil is at $74.99 per barrel, and the price of WTI crude oil is at $71.33 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...

COSCO has launched the world's first floating production, storage, and offloading (FPSO) vessel equipped with a carbon capture system.

Nigeria aims to increase its oil production by 1 million barrels per day by December 2026, driven by a crackdown on oil theft ...

Tightened U.S. sanctions on Moscow have disrupted a roaring trade in discounted Russian oil to China and India, reviving ...

CMHI set to win contract for dry docking repairs on CNOOC Ltd's floating storage and offloading vessel Hai Yang Shi You 121 ...