Uniper expects gas prices to remain at around €50 to €60 per megawatt hour as long as the Strait of Hormuz is closed to shipping, the CEO of Germany's biggest gas importer said.Prices would need to fall to ensure German…
Another piece of the proposed deal for Diana Shipping to acquire Genco Shipping & Trading has ended with Star Bulk Carriers Corp. announcing that it decided to withdraw from the vessel purchase agreement with Diana.
On Monday, a fire broke out in the engine room aboard a reefer ship at the Port of Wilmington, Delaware. The blaze has been brought under control, according to the local fire department. On Monday morning, the Wilmington Fire Department…
A small cargo ship linked to the government of Yemen was struck, possibly in multiple attacks by the Houthis, on August 11. The ship had departed the port of Mokha, Yemen, when it was hit, with the government reporting first…
Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attract up to $50 billion in investment and revive long-delayed developments.Nigeria has…
Arabian Drilling reported first-half 2026 revenue of SAR1.59 billion ($423 million), down 10.6 per cent year on year due to offshore rig suspensions. Second-quarter revenue fell seven per cent quarter on quarter to SAR765 million, although the decline was narrower…
