Industry players unite to form UAE’s first shipbuilding consortium
A consortium of national industry players has been formed in the UAE to focus on shipbuilding. This marks a significant step towards developing local shipbuilding capabilities within the UAE, potentia
Velesto lines up multi-well offshore rig job in Southeast Asia
Velesto Energy, a Malaysian owner of jack-up rigs, has secured a contract for a multi-well drilling campaign offshore Malaysia. This indicates continued drillin
Offshore Energy·May 15
Oil Prices Surge as Hormuz Shutdown Keeps Supply Fears Alive
Crude oil prices experienced a significant rally this week due to escalating tensions between the U.S. and Iran, raising concerns about potential supply disrupt
OilPrice·May 15
Netanyahu’s Coalition Fractures as Israel Edges Toward Early Elections
The article discusses the potential collapse of Netanyahu's coalition government in Israel, coinciding with the Trump-Xi summit where the U.S.-Iran conflict and
OilPrice·May 15
Azerbaijan kicks off offshore wind measurement campaign with LiDAR deployed in Caspian Sea
Azerbaijan has initiated an offshore wind measurement campaign in the Caspian Sea using a floating LiDAR buoy deployed by EOLOS Floating LiDAR Solutions. This m
Offshore Energy·May 15
May 15
USA EIA Reveals Latest Oil Price Forecasts
Rigzone
May 15
‘Many key components’ manufactured for BiMEP-destined wave energy unit
Offshore Energy
May 15
ABL wins MWS contract for Mero 3 and 4 projects offshore Brazil