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Offshore Technology·Mar 26·1 min read

Middle East tensions push global oil prices up by 2%

Oil prices rose by 2% on Thursday due to escalating tensions in the Middle East. This increase reflects market anxieties about potential disruptions to energy supplies stemming from regional conflicts

Hanwha Ocean secures orders worth $866m for five vessels

Hanwha Ocean has secured orders for two LNG carriers and three very large crude carriers (VLCCs) totaling $866.4 million. This significant order book addition h

Offshore Technology·Mar 26

Rystad Issues Oil Warning

Rystad Energy has issued a warning indicating a shift in the oil market dynamics, suggesting both the floor and ceiling prices have increased. This implies a po

Rigzone·Mar 26

CoolCo’s nine LNG vessels sport revamped propulsion drives

ABB has upgraded the propulsion systems on nine LNG carriers owned by Cool Company (CoolCo). This upgrade likely involves electrification and automation technol

Offshore Energy·Mar 26

Cyprus slashes fuel tax, scraps meat VAT and subsidises hotel wages due to Iran war

Cyprus is implementing a €200+ million support package for households and businesses in response to the Middle East conflict, including fuel tax cuts and electr

In-Cyprus·Mar 26
Mar 26

Thirty-one hikers pulled from flooded Avakas Gorge in back-to-back rescues

Mar 26

New oil & gas UK offshore hub for Serica with TotalEnergies’ assets in the bag

Mar 26

TC Energy, LNG Canada ink deals for Coastal GasLink Phase 2

Mar 26

Philippines Takes Delivery of Russian Oil after US Waiver

Mar 26

NOV to double its subsea flexible pipe manufacturing capacity in Brazil

Mar 26

The Iran War Has Upended Global LNG Markets

Mar 26

LNG Canada inks pipeline deal for second phase

Mar 26

Venezuela Oil Production Climbs to 1.1 Million Bpd

Mar 26

Is This The No.1 Way To Play the Rare Earth Crisis?

Mar 26

Alberta Courts Asian Capital for 1M bpd Pipeline to Break U.S. Dependence