MAN Energy Launches Digital Platform With Time Stamp!

MAN Energy Solutions has launched a platform “mýa” to share, integrate and distribute streaming data originating from sensors on equipment such as engines. The mýa platform will form the offering of an independent...

O&G Stocks Surged As Oil Price Rose Above US$30 a Barrel!

Oil and gas (O&G) related stocks surged as oil price rose above US$30 a barrel for the first time in two months, reports The EdgeMarkets. Market rebalance  Oil and gas (O&G) related stocks on Bursa Malaysia...

CYSEC Bags European Space Agency Contract to Mitigate Cyber Security Flaws!

A cyber risk solution based contract is awarded by the European Space Agency (ESA) to CYSEC. Th contract aims at developing a solution mitigating the cyber risks related to ship tracking using satellite...

Gibraltar Bunker Declines by 14.7% !

A data from the British overseas territory, the number of vessels calling at Gibraltar for bunker fuel decreased by 17%. The Number dropped to 440 ships in April. The port authority in Gibraltar...

Digital Yuan Becomes The ‘Game-Changer’ After COVID-19 Economy Hit!

New digital yuan is a ‘game-changer’ for the world’s second biggest economy, according to experts. As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this...

Doctors Baffled As Covid-19 Attacks Anywhere on The Body!

Coronavirus has affected a lot of people irrespective of age and created unimaginable damage. It affects people causing various kinds of serious damages such as respiratory illness, blood clots, multi-system organ failure, overreaction...

Cargo Vessel Collects Plastic in the Pacific Garbage Patch

Kwai, the 140-foot sailing vessel, sailed from the Hawaiian port of Hilo heading towards the Great Pacific Garbage Patch. The crew collected more than 100 tons of plastic garbage and ghost nets. Drones...

OPEC Nations Turning To IMF for Emergency Loans

OPEC cartel leader Saudi Arabia is cutting subsidies and raising taxes. Resource-rich nations turned to IMF as oil prices hover just north of $30 a barrel. Nigeria last month received approval for a...

VLCC Oil Terminal Unveiled for International Trade

Huangzeshan oil transfer terminal in Zhejiang province has officially opened. It opened for international trade with the berthing of an oil tanker. It is the first VLCC class oil berth in the north...

Refineries Loom Over With Record Oil Product Exports

Chinese refineries are battling weak profit margins from the slump in fuel demand. It is caused by lockdowns aimed at containing the coronavirus pandemic. China’s refineries processed the equivalent of 13.1 million bpd...