All News Offshore Energy · March 16, 2026 (Mar 16) · 1 min read ‘Shipbuilding industry’s first’ robotic pipe fabrication facility opens in South Korea Read on Offshore Energy Share: Latest Coverage Oil hits two-week high after Trump says Iran peace deal is over The sudden collapse of diplomatic understandings between the United States and Iran has injected a fresh risk premium into global crude benchmarks, driving prices up by over 5%. This escalation signals a return to aggressive sanctions enforcement by Washington, threatening to severely curtail Iranian crude exports and tighten global supply balances. For energy markets, this development marks the end of a brief period of relative geopolitical calm in the Persian Gulf, forcing traders to price in heightened risks of maritime friction and supply disruptions. Offshore Technology · July 8, 2026 Oil and gas industry witnessing a transformation with Industrial Internet The global Industrial Internet market within the industrial sector, heavily driven by oil and gas digitalization, is projected to more than double to $553 billion by 2029. This rapid growth reflects an industry-wide push toward integrating IoT, cloud computing, and advanced analytics to optimize upstream and downstream operations. For energy companies, this transition is no longer about novelty but about survival through enhanced operational efficiency and cost reduction. Offshore Technology · July 8, 2026 Eni Starts Building Italian Battery Hub, Agrees Chilean Lithium Investment Rigzone · July 8, 2026 $1.13 billion injection from UAE player fuels growth of EIG’s LNG arm Offshore Energy · July 8, 2026 View all news → ← Previous Cyprus on the Eastern Mediterranean energy and geopolitical chessboard Next → Middle East conflict affects around 15% of TotalEnergies’ total output