Viridien wins five-year contract for UK North Sea monitoring
France-based Viridien has secured a five-year contract from Ithaca Energy to provide an integrated environmental monitoring and marine situational-awareness solution for the UK North Sea’s …
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Crude prices drop amid reduced concerns over Saudi oil supplies
Oil prices fell by around 2% on Friday, 18 September, continuing a three-session losing streak, as concerns over potential supply disruptions from Saudi Arabia showed …
Read Full ArticleHormuz Tanker Traffic Slumps as Saudi Arabia Scrambles for New Oil Routes
Only four commodity vessels were detected to have moved inbound or out of the Strait of Hormuz on Thursday, shipping data showed early on Friday, …
Read Full ArticleChina’s Fuel Exports Surge as Global Diesel Shortage Deepens
China exported 6.01 million tons of refined fuels in August, an annual increase of 12.7%, according to Chinese customs data cited by Reuters today. The …
Read Full ArticleChina Pushes Coal Miners to Lift Supply as Prices Climb
China’s government has called on local coal miners to maintain a stable production rate after a jump in spot prices for thermal coal earlier this …
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Petrobras secures eight offshore PSCs in Côte d’Ivoire
Brazilian state oil company Petrobras has entered into eight production sharing contracts (PSCs) for offshore exploration blocks in Côte d’Ivoire.
Read Full ArticleOil Prices Head for Weekly Loss as Saudi Export Fears Ease
Crude oil prices were on course for a weekly decline after a three-week series of gains, as traders' fears about Saudi Arabia’s ability to continue …
Read Full ArticleWhat Yemen Really Means to the U.S.-Iran War
Yemen's Houthis aren't fighting Iran's war, which complicates things further. They're running their own war and letting Iran's war pay for it. Their September 8 …
Read Full ArticleSaudi Pipeline Outage Could Deepen the Global Fuel Crunch
The temporary closure of the key onshore pipeline Saudi Arabia uses to bypass the Strait of Hormuz has added another shock to an oil market …
Read Full ArticleTurkey Bets $108 Billion on Wind and Solar While Expanding Oil and Gas
Turkey plans to spend $108 billion over the next ten years to develop its alternative energy infrastructure, eyeing 120 GW in installed wind and solar …
Read Full ArticleInside the DOE's $16 Million Bet on Critical Minerals Talent
The United States is desperate to claw back some of the global critical minerals share from China. Beijing has established near-total dominance in international supply …
Read Full ArticleU.S. and Houthis Open Talks as Saudi Oil Crisis Deepens
With assorted economic and military crises boiling all across the Middle East in the wake of his disastrous decision to launch a war on Iran, …
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