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News
Thailand's Mermaid Maritime establishes US subsidiary to target offshore market
2+ day, 16+ hour ago (154+ words) Thailand-based Mermaid Maritime has established a wholly owned subsidiary in Delaware as part of its expansion into the US offshore energy market. The new entity will serve as an operational and contracting platform to pursue subsea and marine service opportunities…...
Saipem feels the squeeze in 2026 as Middle East crisis inflates costs
1+ week, 4+ day ago (247+ words) Italian oil and gas contractor Saipem on Monday revised down its expectations for 2026 core earnings to take into account extra costs linked to the Middle East crisis. The de-consolidation of its shallow-water drilling business, which Saipem recently sold, also impacted…...
European gas prices stay flat as supply matches demand
1+ mon, 1+ week ago (272+ words) Dutch and British gas prices were steady on Friday morning on a comfortable supply-demand balance and amid easing supply concerns as more tankers cross the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday. The…...
Study to determine feasibility of developing Korean port into Northern Sea Route hub
1+ mon, 1+ week ago (208+ words) The city government of Pohang in South Korea will study the feasibility of developing the Port of Yeongilman into a logistics hub that would support shipping between South Korea and Europe. The objective of the project is to determine how…...
OPINION | The economic winners of the Iran conflict
2+ mon, 1+ week ago (780+ words) Argentina, Brunei and Gabon are not three countries that would appear to have much in common. But they are in a small group of energy producers that are big winners from the war against Iran. The focus from the Iran…...
South Korea's Pan Ocean sees revenue grow in Q1 2026
2+ mon, 3+ week ago (258+ words) South Korea's Pan Ocean reported a revenue of approximately KRW1.51 trillion ($1.09 billion) for the first quarter that ended on March 31, 2026. This performance represented growth for the shipping group, which recorded a profit of about KRW141 billion during the three-month period. The company…...
OPINION | As US fills global energy gap, rising prices at home raise questions
3+ mon, 3+ day ago (831+ words) US exporters have helped plug key global energy product shortages caused by the Iran war. But sharply rising domestic fuel costs are raising questions about the merits of sending so much overseas while pump prices climb at home. US exports…...
UK's Reeves bumbles through oil and gas profit levy talks
5+ mon, 3+ day ago (339+ words) The UK's controversial finance minister Rachel Reeves on Wednesday told oil and gas executives that the conflict in the Middle East had made it harder to predict when a tax on their profits would come to an end, but that…...
Aluminium prices to hinge on duration of Strait of Hormuz disruption
5+ mon, 4+ day ago (248+ words) Goldman Sachs said Monday the biggest risks to aluminium stem from potential disruptions to export routes and access to raw materials through the Strait of Hormuz, noting that the effect on prices should be limited if shipping disruptions are short....