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      Akselos and Shell sign framework agreement on digital twin technology

      Swiss company Akselos and oil major Shell have signed a three-year enterprise framework agreement for the use of Akselos’ structural digital twin technology. The agreement...

      Asia Pacific upstream transactions plunge to lowest this century

      Wood Mackenzie’s latest analysis shows 2020 is on track to be the quietest year for upstream transactions in the Asia Pacific region since the...

      Italy’s largest pipeline firm continues push into hydrogen tech

      Italy’s Snam SpA agreed to buy 33% of electrochemical tech firm Industrie De Nora SpA as part of its expansion into the hydrogen business. Europe’s...

      Korean bunkers tighten with cargo, barge constraints

      Domestic refiners Hyundai Oilbank and S-Oil, which have a refining capacity of 650,000 b/d and 669,000 b/d respectively, are especially short of bunker supplies...

      Russia, Turkmenistan Join Forces to Improve Maritime Transport in the Caspian Sea

      Russia and Turkmenistan have agreed to strengthen regional transportation and logistics capabilities via the body of water that separates their borders, the Caspian Sea. As...

      Venezuela resumes direct oil shipments to China despite U.S. sanctions

      Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv...

      Mammoet launches SK6,000 crane to enhance FPSO modularization strategies

      Constructing FPSO and FLNG modules onshore has allowed EPCs and owners to expedite project schedules and increase cost-effectiveness. By constructing the hull and topsides...

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