Norwegian shipping company Hunter Group has secured record spot earnings of around $666,000 per day for two chartered-in Very Large Crude Carriers (VLCCs), as extreme Middle East tensions and disruption around the…
AlessandroAugust 27, 2026
🇮🇳 India’s crude import bill is surging as the Iran war disrupts Middle Eastern oil supplies and drives up shipping costs.Freight rates from Saudi Arabia’s Ras Tanura to India have…
AlessandroAugust 25, 2026
Chevron has announced a new oil and gas condensate discovery offshore Angola, adding to its growing exploration momentum across Sub-Saharan Africa. The discovery was made by Chevron subsidiary Cabinda Gulf…
AlessandroAugust 22, 2026
ExxonMobil is stepping up its deepwater operations in Nigeria, deploying an ultra-deepwater drillship for the Usan Infill Project, which is expected to add up to 40,000 barrels per day to…
AlessandroAugust 20, 2026
Chevron has discovered oil and gas condensate at an exploration well offshore Angola, finding more than 90 meters of net pay in the Pinda reservoir. The discovery adds to Chevron’s…
AlessandroAugust 19, 2026
SLB is positioning itself to rapidly expand its Venezuela operations as the only major international oilfield services company currently active in the country, giving it a potential first-mover advantage as…
AlessandroAugust 19, 2026
Shell has suffered a major setback in its plans to explore for oil and gas off South Africa’s Wild Coast after the Constitutional Court overturned a Supreme Court of Appeal…
AlessandroAugust 18, 2026
Noble has secured a contract from ConocoPhillips Skandinavia for the Noble Interceptor jack-up rig offshore Norway.The contract is expected to begin in Q3 2027 and run for approximately 670 days.The…
AlessandroAugust 14, 2026
Nigeria’s Aradel Plans Petrol Production by 2027Nigeria’s Aradel Holdings plans to begin producing petrol at its modular refinery in 2027, as fuel-market deregulation improves the economics of domestic refining.The government…
AlessandroAugust 14, 2026