London, (Oilandgaspress) - Sallaum Lines today celebrates a major milestone in its fleet expansion programme with the simultaneous delivery of MV Ocean Express and MV Ocean Navigator, two new Pure Car and Truck Carriers (PCTCs) joining the company’s growing Ocean Class fleet. The dual delivery ceremony,...
London, (Oilandgaspress) Since the closure of the Strait of Hormuz to most commercial shipping in late February 2026, an estimated 1,550 vessels, carrying approximately 20,000 seafarers, have been unable to transit, or have chosen to remain at anchor in the Arabian Gulf, Gulf of Oman,...
London, (Oilandgaspress) Eni and PETRONAS announce that Searah, a new 50/50 independent joint venture combining key businesses across Indonesia and Malaysia, has been officially established just seven months after the signing of the Investment Agreement on November 3, 2025, and 16 months after the Memorandum...
London, (Oilandgaspress) Rolls-Royce announces Spectre Series II, introducing a suite of technical and creative enhancements to the marque’s landmark super-coupé. Since its introduction in 2022, Spectre has become one of the most significant and celebrated Rolls-Royce motor cars of the modern era, widely praised for...
London, (Oilandgaspress) With the Nuvolari, Audi is unveiling its first supercar with a high-performance hybrid powertrain — further accelerating technological progress. With 1,001 PS and a top speed of more than 350 km/h, the Nuvolari is set to become the most powerful vehicle and the...
London, (Oilandgaspress) Trafigura Group Pte Ltd. , a global leader in the commodities industry, today released its results for the six-month period ending 31 March 2026. HighlightsA strong financial performance in a demanding environment, with net profit of USD4.1 billion driven by broad-based contributions from each...
London, (Oilandgaspress) POWWR announced the launch of its Preferred Partner Programme to expand upon the offerings it can provide its extensive broker network. Its first signing is PayFacLite, an FCA Authorised and Regulated Payment Institution that offers merchant services. POWWR’s Preferred Partner Programme will develop to...
London, (Oilandgaspress) Italy's government will give its green light to a planned acquisition of Sicilian oil refiner ISAB by Ludoil, the country's energy minister told Reuters on Thursday. Ludoil Capital Srl, last month signed a Sale and Purchase Agreement (“SPA”) with GOI Energy Srl for the...
London, (Oilandgaspress) The Arab Shipbuilding and Repair Yard Company (ASRY) celebrated the completion of its 200th offshore rig project, marking the successful delivery of the VALARIS 250 (Bob Palmer) offshore rig project. The event brought together senior executives and officials from ASRY, along with representatives from...
(Oilandgaspress) Iran targeted U.S. military facilities in Bahrain and Kuwait, while U.S. forces responded with strikes on Iranian assets near the Strait of Hormuz. Washington also said American forces intercepted Iranian drones targeting commercial vessels in the region. Maritime traffic through the Strait of Hormuz...
London, (Oilandgaspress) John Crane is marking World Environment Day by highlighting how its technologies and services are helping industrial operators reduce emissions, lower water consumption and improve energy efficiency across critical sectors worldwide. According to the International Energy Agency, nearly 120 million tonnes of methane emissions were attributed to fossil...
London, (Oilandgaspress) Goldwin Inc., Neste, Idemitsu Kosan Co., Ltd., and Toray Industries, Inc. have established a supply chain for nylon fiber made from renewable raw materials. Neste supplies Neste RE™, a renewable raw material that enables the production of high-performance renewable nylon fiber and reduces...