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Hong Kong-based Winson Oil buys a massive ship in July for $28 million in order to grow its operations in Europe

According to two company sources, Winson Oil, a Hong Kong-based trader, has purchased a very large crude carrier (VLCC) to store oil in the Mediterranean and is looking forward to growing its operations in Europe.  According to dealers, if the company decides to buy in bulk on the spot market to load the vessel, the […]

Winson Oil In Legal Proceedings With Standard Chartered

About the Lawsuit Winson oil Trading one of Singapore’s leading oil trading companies, filed a lawsuit against Standard Chartered Bank for SG$41.84 million in damages arising from the Hin Leong Oil trading transaction. According to a report published by Reuters, the mega Oil trading company Winson Oil has filed a lawsuit against Standard Chartered and Hin […]

The Science Behind Deep-Water Oil Drilling

The pursuit of oil has been steadily moving away from dry land and into the realm of the sea using what is known as deep-water oil drilling. According to The Verge, experts agree that drilling at new depths offers opportunities to unlock untapped oil reserves,  a process which has become easier with the advance in […]