EU: Hungary, Slovakia to See No Short-Term Oil Supply Risk

Oil Prices Rise More Than 3% As US-Iran Talks Dent Hopes of Peace

Oil prices gained more than 3% on Friday, climbing more than $3 a barrel, after comments by U.S. President Donald Trump and Iran's foreign minister further dented hopes of a deal to

Read more: %s

ESAB Awards $5,000 Welding Grant to Two Texas High Schools

As part of National Welding Month in April, ESAB awarded $5,000 to support welding programs at Princeton High School and Lovelady High School, part of the Princeton Independent School District, through its

Read more: %s

Coast Guard Seizes Sailing Vessel During Offshore Interdiction Operation

Special agents with the U.S. Coast Guard Investigative Service (CGIS), supported by multiple Coast Guard surface and aviation assets, seized the sailing vessel Soulmate approximately 40 nautical miles off the coast of

Read more: %s

Samsung Heavy Industries Receives AIP Certificate for Floating Data Center from ABS

ABS issued approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a 50-megawatt floating data center.SHI’s design utilizes a standardized shipbuilding process, integrating design, manufacturing, and equipment installation

Read more: %s

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

The new UFC23 sensor combines improved resolution and offset stability with ultra-low standby current, enabling high-end battery-powered water, heat, gas and leak detection meter designs across a wide range of smart metering

Read more: %s

Solstad’s Arbitration Win Unlocks $14.5M Payment for its Largest Vessel

Solstad Offshore has informed the arbitration proceedings related to disputed 2024 charter hire for Normand Maximus construction support vessel (CSV) had concluded in favor of the company.The company said it would receive

Read more: %s

Caturus Takes FID on Commonwealth LNG Project in Louisiana

Caturus has taken a final investment decision on its Commonwealth LNG export project in Louisiana after securing $9.75 billion in project financing for the 9.5 million tonnes per annum facility, with partners

Read more: %s

Oil Prices Rise Amid Fears of Ship Attacks and Seizures

Oil prices rose Friday as market concerns persisted over ship attacks and seizures despite Iran saying about 30 vessels had passed through the Strait of Hormuz, while the U.S. and Chinese presidents

Read more: %s

Somali Piracy on the Rise

Palaemon Maritime’s maritime security report this week points to some of the clearest indicators yet that piracy activity off Somalia is escalating again.“Taken alone, these incidents might appear isolated. Taken together, they