Chevron and Quantum Capital Group are reportedly joining forces on a bid to buy sanctioned Russian oil company Lukoil’s international assets, valued at USD 22 billion.
Company highlighted US’ seizure of tanker “Skipper” and how this indicates that the dark fleet's days of operating with impunity are numbered.
United Kingdom has issued a general licence that allows transactions with Lukoil International GmbH, the international division of Russian oil company Lukoil, for three months.
Shipowners’ demand for ‘cheapest compliant fuel’ suggests a potentially more competitive and shrinking market for LSFO, forecasts Choong Sheen Mao, COO at Equatorial.
Employees in Geneva, Dubai and Singapore have received termination offers and begun signing agreements, according to media report.
Company says it has accepted an offer from Swiss commodity trader Gunvor to purchase Lukoil International GmbH, its wholly-owned subsidiary, which owns the group’s international assets.
On 22 October, the US Department of the Treasury’s OFAC announced new sanctions on Rosneft and Lukoil, Russia’s two biggest oil companies; Lukoil supplies marine fuels...
Contracts to build four MR tankers were terminated after the shipbuilder was informed that the buyer’s sole shareholder was involved in a scheme to circumvent US...
Panama Maritime Authority has begun the process of canceling the registration of the 17 sanctioned vessels, pursuant to Executive Decree No. 512 of 18 October 2024.
‘Russia uses these vessels to circumvent international sanctions and sustain its illegal and immoral war against Ukraine,’ says Australian Foreign Minister Penny Wong in a statement.
