Suspected Drone Hits Oil Depot in Russia’s Oryol, Officials Say

Unverified images on social media showed what appeared to be a single rupture on the side of an oil storage tank in the Russian region of Oryol, blackened by soot.

US-Sanctioned Oil Tanker Stuck in Indonesia Carries Venezuelan Fuel

The U.S. Treasury’s Office of Foreign Assets Control last week imposed sanctions on the stranded tanker, Young Yong, for its part in an international oil smuggling network that Washington said supports Hezbollah and Iran’s Quds Force.

Kongsberg Digital to Digitalize SOECHI Line's Fleet

SOECHI Lines hopes to operate in a safer and more sustainable manner through the implementation of Kongsberg Digital's Vessel Insight system.

Dozens of LNG-Laden Ships Off Europe’s Coasts Unable to Unload

If the backlog is not cleared soon those ships may start looking for alternative ports outside Europe to offload their LNG cargo.

New Fortress, Apollo Close $2 Billion LNG JV Launching Energos

New Fortress, Apollo Close $2 Billion LNG JV Launching Energos

The total implied enterprise valuation of Energos is approximately $2 billion based on the JV transaction agreed to between New Fortress Energy and Apollo in early July.

US Sour Crude Cargo Sails to Germany as Russia Sanctions Bite

The Capricorn Sun tanker loaded Mars Sour crude off the Louisiana coast in the U.S. and discharged at Germany’s port of Rostock on Aug. 3. The tanker was chartered by Shell Plc, according to two sources and Refinitiv ship tracking data

Fire Rages at Cuba Oil Terminal; Third Tank Collapses after Spill

Matanzas, where the fire broke out after an explosion on Aug. 6, is Cuba’s largest port for receiving crude oil and fuel imports. Cuba relies on oil to generate much of its electricity.

Sunbridge Energy Services Launches Natural Gas Compression Station in Midland Basin

Sunbridge Energy Services will help meet Permian operators’ emission reduction goals through its natural gas compression station, coming online this month in the North Midland Basin, with a partnership with Hanwha Cimarron.

Iranian Tanker to Retrieve Oil Cargo Confiscated by US This Week

The removal of oil from the Lana, formerly Pegas, prompted Iranian forces to seize two Greek tankers in the Middle East Gulf which have not yet been released.

Oil Tanker Owners Frontline and Euronav Sign Merger Deal

Transport companies Frontline and Euronav will combine after first announcing the intention to merger in April 2022.