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Oil Down, Still on Track for 20 Pct Monthly Gain

Both Brent and West Texas Intermediate (WTI) oil prices were down on Friday, but still on track for notable monthly gains, Naeem Aslam, CIO...

Saudis Propose to Lead Maritime Security Alliance

Saudi Arabia discussed with military representatives of 43 countries the formation of a multinational alliance charged with protecting maritime navigation, hoping to counter a...

Australia, US, Japan formalize new trilateral air logistics agreement

Australia, the United States and Japan have formalized a new trilateral agreement, with the aim of strengthening air logistics cooperation across the three countries’...

Lufthansa Technik tests next-gen AeroSHARK on Airbus A319 short-haul jet

Lufthansa Technik has announced that testing has begun on a next-generation version of its fuel-saving AeroSHARK surface technology on a short-haul aircraft, marking the...

PLSVs owned by DOF-TechnipFMC JV get more time with Petrobras

Two pipelay support vessels (PLSVs) owned by a joint venture of DOF Group and TechnipFMC have secured long-term contract extensions with Brazil’s oil &...

MOL Group buys Shell’s subsidiary in Cyprus for $720 million

UK-headquartered energy giant Shell has reached an agreement with Hungarian multinational oil & gas company MOL Group for the sale of its 100%-owned subsidiary...

BP’s North Sea business up for sale

UK-headquartered energy giant BP is launching a process to market its North Sea business for a potential sale after operating in the region for...

Floating wind turbine that will power UK gas platform ready for tow to offshore site

The Culzean floating wind turbine, which will supply electricity to the Culzean gas platform in the North Sea, off the coast of Scotland, will...

Hybrid ocean energy construction vessel reaches Norway for completion

The first of two hybrid power ocean energy construction vessels (OECVs) that Norwegian shipbuilder VARD is building for compatriot shipping group Island Offshore has...

Ecobank unveils new platform to empower African entrepreneurs

Ecobank Nigeria has launched ‘Scaling Up!!!’, a flagship business storytelling podcast designed to inspire, educate, and empower entrepreneurs, founders, and the next generation of...

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