Oil prices rose 3% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the U.S. Navy could escort vessels through the Strait of Hormuz.Brent…
Oil Prices Go Up 3% as Iran Crisis Disrupts Supply Read More »
Tanker shares recover in Oslo after a bruising session in the US and a turbulent trading day in Asia
Ship refuelling at Fujairah, a major bunkering hub in the United Arab Emirates, has slowed after a fire, market sources told Reuters, while demand at other refuelling hubs, including Singapore, is set to rise.Some bunker deliveries and loadings were on…
Fujairah Bunkering Hit by Fire, Demand Shifts to Other Hubs Read More »
Sabah Shell Petroleum Company (SSPC), the Malaysian business arm of the UK-headquartered energy giant Shell, has hired Velesto Workover, a subsidiary of Malaysia’s Velesto Energy, to assist during its deepwater activities off the coast of Sabah.
The po…
Shell tasks Velesto with deepwater ops support in Malaysia Read More »
Danish power cable manufacturer and installation firm NKT has signed the firm contract for the […]
The post NKT wins its largest single project award ever with €2.2B contract for UK subsea link appeared first on Offshore Energy.
NKT wins its largest single project award ever with €2.2B contract for UK subsea link Read More »