Floating storage could hit tanker markets this year, with the potential to boost earnings even further than initially forecast. The US Energy Information Administration (EIA) said inventory builds ...

The accumulation of residual fuel inventories in Venezuela's onshore tanks is forcing state energy company PDVSA to resort to ...

An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that ...

Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B ...

It costs traders more than $200,000 a day to ship liquefied natural gas in the Atlantic basin, per Bloomberg. Daily charter rates to ship LNG for October and November are at $206,750 and $284,750, ...

A critical $115 million operation began today to remove 1 million barrels of crude oil from a decrepit floating storage vessel offshore Yemen in an effort to avert an environmental disaster in the Red ...

Falling tanker rates have temporarily improved demand for U.S. crude, helping lift benchmark prices as shipping costs to Asia ...

Australia-based Provaris Energy has launched a gaseous hydrogen floating storage concept called H2Leo that has been granted Approval in Principal by ABS. The solution has a design capacity range of ...