Russian company, Rosneft, starts works on Mega Arctic Oil Project.
Image Credit: artic.ru The Russian company, Rosneft is due to begin work on a Mega Arctic Oil Project also known as the Vostok Project. It is believed that there is […]
Iran sends the biggest fleet of oil tankers to Venezuela.
Image Credit: Reuters/Miraflores Palace In constant defiance of US sanctions, Iran sent a large fleet of oil tankers of around ten ships. This is considered the largest fleet ever to […]
EU lawmakers and France to impose sanctions on Turkey next month.
Image Credit: dw.com The European Parliament voted for a new resolution that would impose sanctions on Turkey, over its illegal exploration of natural gas near Greece and the Turkish President […]
Venezuelan oil tanker undergoing repairs in Cuba.
Image Credit: maritime-connector.com A Venezuelan oil tanker has been found to be docked in Cuba for repairs, after it suffered a fire while it was discharging last week. The Panama-flagged […]
Iran is selling Venezuelan oil to Asian countries.
Image Credit: MarineTraffic.com/Mick Prendergast Last week, an Iranian oil supertanker reached Venezuela, with reports claiming that Venezuelan grade Merey 16 oil was being loaded onto the Iranian oil tanker for […]
Germany warns Turkey on its oil exploration in the East Mediterranean.
Image Credit: Alex Halada/AFP via Getty Images German Foreign Minister, Heiko Maas, asked Turkey to stop seismic researching and drilling off the coast of Cyprus, if they want to be […]
Germany held trilateral meeting with Greek and Turkish officials
Image Credit: AP On Tuesday, Germany held an urgent meeting in an attempt to de-escalate the tension between Turkey and Greece, over the current oil and gas exploration in the […]
Libya to resume oil production after a long shutdown
Image Credit: Esam Omran al-Fetori/ Reuters The Libyan National Oil Company (NOC) announced on Friday, that it is set to restart oil production, after 6 months of shutdown due to […]
