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

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

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

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

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

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

XOM is gearing up for its eighth project in Guyana, known as the Longtail project, which will be the first one to produce gas ...

China recently completed the construction of the world's first offshore floating production and storage vessel equipped with carbon capture and storage (CCS) technology. The vessel is scheduled for ...

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 ...

An innovative floating, production, storage, and offloading (FPSO) vessel equipped with a carbon capture and storage facility ...