Seatrium Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would […]
In a surprising turn of events amid ongoing geopolitical tensions, ExxonMobil has taken a bold step toward reclaiming billions in losses from its forced exit from Russia’s Sakhalin-1 oil project. According to recent reports, the […]
In a stark admission during a September 2025 press conference, China’s Finance Minister revealed that “every penny we spend is borrowed,” highlighting the precarious state of the nation’s finances. This confession has reignited global concerns […]
– Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, reach a two-year high of $29,888 per day as […]
WASHINGTON (TNND) — The United States and Kazakhstan reached a $4.2 billion locomotive agreement on Monday that will support thousands of U.S. jobs in Texas and Pennsylvania. Parts maker Wabtec, based in Pennsylvania, will provide the […]
The vast resources of underground coal, crude oil, and natural gas are all useless unless refined or processed into the fuels and products that support the lives of 8 billion people. Refineries, coal gasification, and […]
Under the Labour government, North Sea operations face a barrage of measures that critics argue are deliberately stifling investment and production. A 78% tax rate on offshore profits, including a prolonged windfall tax introduced in […]
In the wake of geopolitical shifts and Europe’s ongoing quest for energy security, U.S. oil supermajors are ramping up their presence in the liquefied natural gas (LNG) market. Companies like ExxonMobil and Chevron are expanding […]
In the heart of rural Louisiana, a colossal $10 billion project is underway that promises technological advancement but threatens the livelihoods of local farmers. Meta, the parent company of Facebook and Instagram, is constructing what […]
In a world grappling with escalating energy demands driven by artificial intelligence, electric vehicles, and industrial electrification, nuclear power is emerging as a powerhouse solution. According to a recent analysis by Bank of America, the […]
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