Oil prices surged on Monday as the U.S. moved to impose a blockade on Iranian shipping after the collapse of weekend peace talks, while the dollar rose and stocks and bonds fell.The U.S. move, aimed at putting pressure on Tehran, leaves a fragile ceasefire hanging in the balance and no end in sight to the choke on Middle East energy exports - though the mood on trading floors leaned toward
Combifloat Group of the Netherlands and Poseidon Barge of the United States, with the backing of Marine Equipment Solutions (MES), have launched a new joint venture (JV) under the name of Poseidon Jackup to bring ‘world-class’ modular jack-up technology to North America.The partnership will offer Jones Act compliant solutions tailored to the needs of U.S. and Canadian marine contractors.
The world's second-largest gold miner, Agnico Eagle, is counting on barge transport through the Northwest Passage to keep the cost of producing gold in its Hope Bay Mine under $1,000 per ounce, Agnico Eagle CEO Ammar Al-Joundi told Reuters, as it attempts to lead a mining revival in Canada's remote Arctic.Agnico Eagle announced on Tuesday that it will invest $2.
The chief executive of NextEra Energy said on Monday that his company felt good about Dominion's investment in offshore wind, a technology he has disparaged in the past.CEO John Ketchum made the remarks on a call with investors to discuss NextEra's $66.8 billion bid for Dominion, which is building a more than $11 billion offshore wind project off the coast of Virginia.
Cuba's top officials blasted a growing litany of U.S. statements and threats of military action against the Caribbean island, calling them dangerous and an international crime alongside an ongoing U.S. oil blockade that has vastly restricted fuel shipments amid a devastating energy crisis.Cuban Foreign Minister Bruno Rodriguez characterized the U.S.
The world's farmers face soaring fertiliser and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches.The war, which has closed the Strait of Hormuz, has shut down fertiliser plants in the region and severely disrupted shipping routes
Trade Representative Jamison Greer said on Sunday that the U.S. reached out to China for a phone call following an announcement that it was expanding its rare earths export controls but Beijing deferred, while China accused the U.S. of what it called "double standards.""I can tell you that we were not notified, and quickly, as soon as we found out from public sources
ESAB announced the 12 recipients of the 2025 $5,000 scholarships, awarded through a collaboration with the American Welding Society (AWS) Foundation. The scholarships, made possible by ESAB’s Future Fabricators program, support students across North America pursuing welding certifications and degrees.ESAB developed its Future Fabricators Program to support aspiring welders and fabricators.
The international treaty on the high seas, which focuses on conservation and sustainable use of maritime areas beyond national jurisdictions, has received sufficient support to take effect early in 2026, French President Emmanuel Macron said on Monday.Speaking at the third United Nations Ocean Conference in Nice, Macron said 55 countries' ratifications of the treaty have been completed