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US sanctions on Russian and Iranian oil lead to floating storage surge
Washington has imposed multiple rounds of sanctions on ships and entities dealing with oil from Iran and Russia since October ...
China unveils world’s first oil production ship with carbon capture facilities
The floating production storage and offloading unit carries technology designed to mitigate its environmental impact.
Al Bawaba News2d
China builds world’s first floating oil unit
China has announced the completion of the world’s first floating oil and gas production and storage unit. The unit utilizes carbon capture an ...
Crude Oil Prices1d
China Launches First Carbon Capture Oil Production Vessel
COSCO has launched the world's first floating production, storage, and offloading (FPSO) vessel equipped with a carbon capture system.
US sanctions strand Iran, Russia oil on tankers, driving up crude costs
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of ...
China completes world's first FPSO vessel with carbon capture, storage capabilities
An innovative floating, production, storage, and offloading (FPSO) vessel equipped with a carbon capture and storage facility ...
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India ramps up U.S. oil imports while Russian crude faces new hurdles
(bpd) from the U.S., a sharp rise from 70,600 bpd in December. As the world’s third-largest oil importer and consumer, India ...
U.S. News & World Report6d
US Sanctions Strand Iran, Russia Oil on Tankers, Driving up Crude Costs
currently involved in Iran's crude trade to China are already subject to U.S. sanctions. As exports have risen and deliveries to China have dropped, the amount of Iranian oil in floating storage ...