Solstad Maritime has been awarded contracts for two anchor handling tug supply vessels (AHTS) for drilling support work in the Asia-Pacific region.The combined firm value estimated at the upper end of a $10 million and $30 million range, according to the Norwegian vessel owner.The contracts for the Normand Scorpion and Normand Saracen have a combined firm duration of 475 days and are expected to start in the second and third quarters of 2027…
More QatarEnergy-linked liquefied natural gas vessels, laden and in ballast, have transited the Strait of Hormuz in the last week despite the US-Iran conflict.In August, Kpler data showed no visible transits by Qatar-linked LNG vessels or vessels carrying cargoes from the Ras Laffan gas terminal…
Oil prices fell to a two-week low on Tuesday as prospects for Gulf supplies improved, with Iran signaling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume exports from its Red Sea port of Yanbu.The Brent crude futures LCOc1 November contract was down $2…
A total of 17 commodity vessels transited the Strait of Hormuz on the weekend, down from 37 a week earlier, shipping data showed on Monday, as tension in the Gulf persisted with the US and Iran in stalemate.Visible traffic through the strait…
Oil prices fell 2% on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions outweighed anxiety about a widening of conflict across the Middle East.Brent crude futures LCOc1 fell by $2.14, or 2%…
XRG, ADNOC and SEFE have signed a memorandum of understanding to explore wider cooperation across the natural gas and LNG value chain, including supply, infrastructure and shipping opportunities aimed at Germany and the wider European market…
Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher.The world’s largest crude oil exporter said it temporarily…
Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis attacked Saudi energy facilities and Tehran threatened the United States with 'economic warfare'.Brent crude futures LCOc1 were up $2.00, or 2.06%, at $99.00 a barrel by 0800 GMT…
Iran is preparing a list of conditions for reopening the Strait of Hormuz after mediators asked Tehran to set them out, said Mohsen Rezaei, secretary of Iran's Supreme National Security Council, adding that ending the regional war was among them…
Shipping traffic at the Strait of Hormuz rose slightly even as a standoff persisted between the United States and Iran, data showed on Thursday, while the market monitored Iran-Oman talks about the waterway.Visible commodity vessel transits at Hormuz totalled 10 on Wednesday…
Oil prices fell more than $2 a barrel on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region.Brent crude futures LCOc1 fell $2…
Iran has issued a warning that vessels violating its arrangements for transiting the Strait of Hormuz could face restrictions, including fines, detention, or confiscation, the Persian Gulf Strait Authority wrote in a post on X.The warning heightens…
Oil prices rose on Tuesday as a diplomatic resolution to the U.S.-Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted.Front-month Brent futures LCOc1 rose $1.04, or 1.24%, to $84.81 a barrel…
Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran.Brent futures LCOc1 fell nearly $4…
ABL has been awarded a contract by Oil Search (PNG), a subsidiary of Santos, to provide marine warranty survey (MWS) services for Papua New Guinea's first offshore floating storage and offloading (FSO) facility.The work will support the supply…
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