Business

The route would better connect Asia to Europe at a time when Washington wants to diversify energy and trade flows away from Russia due to its war in Ukraine. “Our hope is that (TRIPP) will help build economic cooperation, cooperation on natural resources and critical minerals, and make it possible for this incredible peace agreement […]

US pipeline operator Williams Companies on Tuesday forecast 2026 profit above analysts’ expectations as new pipeline and offshore projects drive growth and natural gas demand continues to rise. Williams, which also increased its annual dividend by five per cent to $2.10 per share for 2026, saw its shares rise 2.8 per cent in morning trade. […]

Two Saudi Arabian and three US-based firms are set to form a consortium for oil and gas exploration and energy production in north-eastern Syria, according to two people with direct knowledge of the plan. Baker Hughes, Hunt Energy and Argent LNG are planning to partner with Saudi’s ACWA Power and TAQA for the project, which […]

BP’s decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder payouts it can begin to repair its shaky financial footing. Cutting buybacks marks the most significant shift in BP’s financial framework since it halved its dividend in August 2020 following the pandemic-driven collapse in oil prices. […]

Wheat exports from Ukraine remain at an extremely low level so far in February, with only 27,000 tonnes leaving the country out of 700,000 tonnes contracted for the month, farmers union UAC said on Tuesday. Ukraine is a major global wheat grower and exporter. “Not everything is OK with logistics. Ports cannot operate at full […]

Marsa Maroc, Morocco’s leading port operator, said on Tuesday it had signed a deal with Liberia’s ports authority to manage the port of Monrovia from the first half of 2026. Under the deal, which is part of Marsa Maroc’s African expansion plan, Marsa Maroc International Logistics (MMIL) will carry out rehabilitation works, deploy port equipment […]

CPC Blend crude for February loading is trading at its biggest discount to dated Brent since late 2022 as buyers hold back after months of export disruptions, including field outages, bad weather, and Ukrainian drone attacks, four traders said. Supplies via the Caspian Pipeline Consortium (CPC), the main export route for Kazakh oil, have faced […]

Offshore drilling company Transocean has struck a deal to acquire competitor Valaris for $6 billion in stock, giving Transocean shareholders a 53 percent stake in the combined company. The transaction creates the largest drilling company in the world, valued at $17 billion. It will operate 33 ultradeepwater drillships, nine semisubs and 31 jackups – 73 […]

The Government of the Republic of Vanuatu, a small island nation in the South Pacific, has become the third regional country in a month to warn of a false flag operation purporting to represent its registry. It is the latest move in the ongoing effort by small nations to stop the illegal representation of their […]

Ports face a dual challenge: modernizing aging infrastructure while managing environmental contamination from decades of industrial use. In a conversation, GHD’s Tony Hoffman, Railway Remediation Project Director, and Brian Moore, Manager of Contamination Assessment and Remediation, discussed practical approaches to environmental remediation that keep operations running. Q: What environmental issues do you typically encounter when […]