Atlas Copco completes $16.9m SDC buy
Compressed air and vacuum solutions company Atlas Copco has completed the acquisition of the assets of the Stainless Design Concepts (SDC) division from CVD Equipment Corporation. Atlas Copco bought the…
Iraq Scrambles to Stabilize Exports as Iran Grants Passage
Iraq has asked its oil-buying clients to submit loading schedules in the next 24 hours, Reuters has reported, citing a document from Baghdad’s oil marketing company SOMO. The report follows…
OPEC Commits to Boost Output Once Hormuz Reopens
OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only as production in the Middle East remains constrained by the Strait of…
Trump Says US Could ‘Take the Oil’ in Hormuz Push
President Donald Trump said Friday the United States could reopen the Strait of Hormuz and “take the oil and make a fortune,” framing control of the world’s most critical energy…
Oil Market Weighs Early Signs of Potential De-Escalation
Oil prices edged lower on Monday as markets weighed early signs of potential de-escalation in the Middle East against ongoing supply disruptions, Konstantinos Chrysikos, head of customer relationship management at…
Cuba Frees 2,000 Prisoners Amid Oil Supply Crunch
Cuba will release 2,010 prisoners as U.S. pressure on the island intensifies, with fuel shortages and economic strain mounting under tightened restrictions. The Cuban government described the move as a…
First Western European Vessel Transits Hormuz Since War Began
A container ship owned by French shipping giant CMA CGM, has just transited the Strait of Hormuz in what appears to be the first vessel linked to Western Europe to…
Mediators Said to Seek Ceasefire as Trump Escalates Iran Threats
President Donald Trump issued increasingly aggressive threats to destroy Iran’s power plants starting Tuesday and bring “Hell” to the country following the rescue of a US airman more than a day…
Vision 2030: Why system alignment is critical to 2030 targets
The ability to achieve 2030 targets hinges more on system alignment rather than the delivery of new generation technology. That’s the view of Dr Dietmar Tourbier, Director of Energy, Commonwealth…
Masirah Oil to start three-well drilling program at Oman’s Yumna field in May
Offshore Drilling Oman April 06, 2026 (WO) — Masirah Oil plans to begin drilling a three-well development program at the offshore Yumna field in Oman in May 2026, advancing…
