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Two upstream EPC projects in the Middle East awarded to Técnicas Reunidas
Técnicas Reunidas has secured two major EPC contracts for upstream oil and gas production facilities in the Middle East, further expanding its presence in one of the world’s key energy markets. The company will provide…
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Major offshore oil project in Angola receives approval from Azule
Azule Energy has approved the $5.1 billion Greater PAJ offshore oil project in Angola, marking another major investment in the country’s offshore energy sector. The deepwater development, operated by Azule Energy, will connect existing production…
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Iraq aims to raise oil production above 3 million barrels per day as export levels continue to recover.
Iraq plans to restore crude oil production from its southern fields to above 3 million barrels per day, with officials expecting output to return close to pre-disruption levels within one to two months. The Ministry…
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Vessel movements in the Strait of Hormuz have been disrupted after Iran reportedly announced the reopening of restrictions on the key maritime route.
Shipping through the Strait of Hormuz slowed over the weekend following reports of renewed tensions and claims of restricted access to the key oil route by Iran. However, maritime data indicated that vessel traffic continued…
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New Maritime Personnel Solutions Introduced for EU Shipowners
Vastline Marine Services L.L.C-FZ has introduced updated maritime personnel solutions designed to better support European shipowners and fleet operators facing increasing operational demands and global workforce challenges. The new approach focuses on improving the efficiency…
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U.S. expands offshore wind project buyout policy with $765 million agreement involving Invenergy
The Trump administration has expanded its offshore wind buyout strategy with a new agreement involving Invenergy, terminating four offshore wind leases and redirecting about $765 million into natural gas and geothermal projects. The leases, located…
