Equinor Eyes Major Oil Discovery Offshore Namibia
Norway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company …
Read Full ArticleMalacca States Vow to Keep Asia’s Busiest Shipping Route Open
The three states in the Strait of Malacca, the vital shipping lane into Asia, have pledged to keep the world’s busiest maritime thoroughfare free and …
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Why cyber-secure systems are becoming critical to naval procurement
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Aramco signs agreements, MoU worth $3.7bn with French companies
Aramco has entered into new agreements and a memorandum of understanding (MoU) with French companies, with a combined potential value exceeding $3.7bn.
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Equinor, Aker BP and Vår Energi launch NCS exploration alliance
Equinor, Aker BP and Vår Energi have agreed to form a strategic collaboration focused on exploration activities on the Norwegian Continental Shelf (NCS).
Read Full ArticleIndia’s Crude Import Bill Surges as Hormuz Shipping Rates Soar
India’s crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted …
Read Full ArticleJapan Holds Off on New Oil Reserve Release Despite September Import Drop
Japan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s …
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ADNOC selects McDermott for Umm Shaif pressure boosting project
The Abu Dhabi National Oil Company (ADNOC) has awarded McDermott an engineering, procurement, construction, and installation (EPCI) contract for Package 4 of the Umm Shaif …
Read Full ArticleJPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNG
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 …
Read Full ArticleIran Threatens Retaliation as U.S. Widens Sanctions
Iran threatened an aggressive response to the latest U.S. sanctions announced on Monday by Treasury Secretary Scott Bessent, with a top government official noting Tehran …
Read Full ArticleThe Biggest Victims Of Trump’s Economic D-Day On Iran
Trump’s “economic D-Day” against Iran is built around one of Washington’s most powerful weapons: access to the U.S. financial system. The problem is that the …
Read Full ArticleVenezuela’s Oil Revival Is Slower Than the U.S. Hoped
More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven’t returned to operating oilfields …
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