More commercial vessels have been attacked in the Strait of Hormuz as US-Iran negotiations remain stalled and Washington prepares additional economic measures against Iran.
bp plans to cut 700 upstream positions worldwide, equal to about 8% of the non-frontline workforce in its former production and operations business.
Samsung Heavy Industries and Sargent & Lundy have signed an MOU to develop a standardized FSMR platform capable of accommodating different reactor technologies.
The Trump Administration has withdrawn its appeal of a federal court ruling that struck down the nationwide wind leasing and permitting freeze, leaving the decision in force and allowing federal approval processes for wind projects to continue.
Japan and the United States are advancing a $100 million joint shipbuilding project focused on AI, robotics and automated production systems to modernize yard capability and strengthen industrial cooperation.
The US has seized VLCC Bella 1, a third tanker tied to Venezuela and the second in less than 24 hours, under a warrant linked to Iranian oil trade and an OFAC sanctions listing.
The U.S. Coast Guard has seized a second oil tanker in international waters near Venezuela, as Homeland Security Secretary Kristi Noem and Defense Secretary Pete Hegseth tie the move to President Trump’s tanker blockade policy.
U.S. wind installations fell around 15 % in H1 2025, but analysts forecast a rebound in 2027 as tax-incentive deadlines draw near.
