Oil prices dipped on their first trading day of 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks, including the war in Ukraine and Venezuela exports.Brent crude futures lost 55 cents to $60.29 a barrel by 11:16 a.m. ET (1616 GMT) on Friday while U.S. West Texas Intermediate crude was down 53 cents at $56.89.
Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia's war against it could be yielding fruit.An end to the war in Ukraine could pave the way for the unwinding of Western sanctions against Moscow's energy trade, potentially adding more supply at a time when prices have been battered by expectations of a glut next year.
Ports across the U.S. are learning a critical lesson: depending solely on government grants or an increasingly unstable electric grid is no longer enough to keep operations running smoothly. There’s a smarter, more cost-effective solution already proving its worth on the ground - propane.
NV5 has unveiled its latest precision hydrography innovations in the Great Lakes, enabling maritime stakeholders to “Own the Lakebed, Master the Mission." To showcase these breakthrough capabilities, NV5 will host a free, live webinar on Wednesday, August 27 at 1:00 PM CT/ 2:00 PM ET, offering a deep dive into how integrated hydrographic, terrestrial
In this live webinar, you’ll discover how our latest hydrographic survey innovations, developed and refined across multiple years of Great Lakes operations, can support your infrastructure, energy, and environmental initiatives.Hydrospatial experts from NV5, NOAA, and Exail will be presenting.
Last year, Geo Sessions brought together over 5,300 registrants from 159 countries, with attendees representing education, government agencies, consulting, and top geospatial companies like Esri, NOAA, Airbus, Planet, and USGS. At this year's Geo Sessions, NV5 is raising the bar with a focus on artificial intelligence, thermal imaging, and hyperspectral capabilities
The International Association of Dredging Companies (IADC) bestowed the Young Author Award 2025 to Rick van de Wetering, Research Engineer at Royal IHC and Ph.D. candidate at Delft University of Technology, the Netherlands. IADC’s Young Author Award is given annually to “stimulate the promotion of new ideas and encourage younger men and women in the dredging industry.
Navantia Seanergies, Spanish shipbuilder Navantia’s green energies division, has delivered its second substation jacket for Ocean Winds for the offshore wind farm at Dieppe Le Tréport in France.The jacket departed from the south basin of the Puerto Real shipyard, bound for its destination on France’s Atlantic coast.
The world’s largest wind-powered, industrial-scale, roll on/roll off vessel Neoliner Origin has returned for its second visit to the only U.S. port it is calling, the Helen Delich Bentley Port of Baltimore.The ship, which uses sails as main propulsion, is operating a monthly service between Saint Nazaire (France) and Baltimore, with stops along the way to Saint-Pierre et Miquelon and Halifax.
Oil prices rose on Tuesday on the impact of the latest U.S. sanctions on Russian oil and optimism that the U.S. government shutdown could end soon, although oversupply concerns limited gains.Brent crude futures were up $1.14, or 1.78%, to $65.2 a barrel at 11:50 a.m. ET (1650 GMT). U.S. West Texas Intermediate crude was at $61.16 a barrel, up $1.03 cents, or 1.03%.
20 leading green fuel producers are calling on IMO delegates to seize a ‘once-in-a-generation’ opportunity to set shipping on a sustainable pathway.At this week’s extraordinary session, leaders will come together in London to discuss the adoption of the IMO’s Net Zero Framework (NZF) that was agreed in April earlier this year. A final vote is expected on Thursday or Friday.
Fabrication technology specialist ESAB has enhanced its Rogue ES and ET line of inverters by adding DC Pulsed Stick welding functionality to all three models in the series.The models that received the upgrade include Rogue ES 151iP PRO and Rogue ES 201iP PRO Stick/Live TIG welders and the Rogue ET 201iP PRO