Commercial concerns rise for Gulf states and global shipping
The escalating conflict between Israel and Iran raises the prospect of broader regional instability and has turned the spotlight on the key shipping route of the Strait of Hormuz. All…
Commercial concerns rise for Gulf states and global shipping
The escalating conflict between Israel and Iran raises the prospect of broader regional instability and has turned the spotlight on the key shipping route of the Strait of Hormuz. All…
Seven countries to receive $1bn towards industrial decarbonisation
Brazil, Egypt, Mexico, Namibia, South Africa, Turkey, and Uzbekistan have been selected for the Climate Investment Funds’ (CIF) first industrial decarbonisation initiative. The multilateral programme is dedicated to reducing industrial…
Cryoport completes sale of courier business to DHL for $200m
Temperature-controlled solutions company Cryoport has completed the sale of its courier business, focused on focused on clinical trials, biopharma, and cell and gene therapies, to logistics provider DHL Group. First…
Baker Hughes Reports Normal Operations Despite Middle East Tensions
All of Baker Hughes Middle Eastern projects are operating as normal, the oilfield services giant’s chief executive Lorenzo Simonelli has told Reuters. “Currently, all of our employees are safe, and…
Israel-Iran Attacks Escalate on Fourth Day with No End in Sight
Israel and Iran exchanged fire for the fourth consecutive day on Monday, stoking fears of an all-out war with the potential to drag in others in the oil-rich region and…
Sumitomo enters biogas sector with Danish joint venture
Denmark-based Skovgaard Energy and Sumitomo Corporation have signed a joint venture in a bid to drive e-SAF and biogas production in the Scandinavian country. Under the North Sky brand, the…
Oil Prices Surge Over 8% as Iran Retaliates With Major Missile Strike on Israel
Brent crude surged more than 8% on Friday, peaking at a 13% intraday gain, after Iran launched a wave of missile strikes on Israel in retaliation for the Israeli Air…
ADNOC Led Consortium Bids to Take Over Australian Gas Giant
Australia’s Santos has said it would accept an $18.7-billion takeover offer made by a consortium led by Emirati Adnoc, which values the company’s stock at a 28% premium to its…
Oil Prices Surge as Israel and Iran Target Each Other’s Energy Infrastructure
Brent crude futures opened more than 4% higher on Sunday evening, trading above $77 per barrel, as tensions between Iran and Israel erupted into open military conflict targeting critical energy…
