Oil prices declined on Tuesday as investors focused on signs of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in the region stemming from the US-Israeli war on Iran.Brent crude futures were down $1.96, or 1.86%, to $103.32 a barrel at 1306 GMT. US West Texas Intermediate crude was at $90.65, down $1.95, or 2.11%.
SSE has selected Montrose Port as the preferred operations and maintenance base for its planned 1.4 GW Berwick Bank B offshore wind farm off Scotland, a move expected to create 100 full-time jobs.The new operational hub will be located at Montrose Port's South Harbour, with technicians and engineers responsible for the day-to-day operation of the wind farm over its expected life of more than 35
Houthi fighters pushed to seize strategic heights in Yemen on Monday to cut off the Red Sea coast from remaining areas held by Saudi-backed forces, after a report that President Donald Trump had called off US strikes on the group at the last minute.A lightning advance by the Iran-backed group this month has extended the wider Middle East conflict to a new theatre and further threatened global
Brent crude futures breached $100 a barrel on Wednesday for the first time since late July after Iran and the U.S. struck tankers in the biggest wave of attacks on shipping since the war began, threatening to worsen the ongoing impairment of energy supplies from the Middle East.Front-month Brent crude futures were up $3.04, or 3.1%, at $100.95 a barrel as of 1:39 p.m.
By Richard Gunn and Julia Cyrson, Reed Smith LLPIn the largest penalty the International Tribunal for the Law of the Sea (ITLOS) has ever levied, a Special Chamber ruled unanimously against Equatorial Guinea on May 27, 2026, ordering it to pay over €14 million in damages to the Republic of the Marshall Islands for the unlawful seizure of a commercial tanker and detention of its multinational crew.
Tehran has ruled out Oman's proposal for regional joint management of the Strait of Hormuz, a senior Iranian official told Reuters on Wednesday, scuppering hopes for a resolution to the impasse that has choked off Gulf trade for months.Oman proposed a new regional deal aimed at resolving the conflict over the critical strait
The demand for “thrusters” on recreational and commercial vessels has increased rapidly in recent years, providing vessels with enhanced capabilities.Increasing a vessel’s manoeuvrability, making its steering more precise, to accurately control course and position offers greater versatility. New markets are opening to take advantage of new horizons with commercial opportunities.
China is conducting a vast undersea mapping and monitoring operation across the Pacific, Indian and Arctic oceans, building detailed knowledge of marine conditions that naval experts say would be crucial for waging submarine warfare against the United States and its allies.In one example, the Dong Fang Hong 3, a research vessel operated by Ocean University of China
When the EXXON VALDEZ ran aground in Prince William Sound on March 24, 1989, it was an action-forcing event that led to what was the most substantial overhaul of our federal oil spill prevention, preparedness, and response regime in the Nation’s history. But the event that really got policymakers and experts started thinking about such a sweeping re-rack of federal law actually occurred a
The UK Marine Accident Investigation Branch (MAIB) as released its report on the investigation into the catastrophic engine failure and subsequent fire on board the site investigation vessel Kommandor Susan in the Firth of Forth, Scotland, on January 25, 2025.The vessel suffered a catastrophic failure of a diesel generator engine while conducting sea trials in the Firth of Forth, Scotland.
The U.S. Army Corps of Engineers has launched a new module on its Regulatory Request System (RRS) that will allow users to self-verify that a pre-construction notification is not required for a proposed activity covered under a nationwide permit.Certain activities are authorized by nationwide permits if the project proponent’s proposed activities comply with all the terms and conditions of those
China is conducting a vast undersea mapping and monitoring operation across the Pacific, Indian and Arctic oceans, building detailed knowledge of marine conditions that naval experts say would be crucial for waging submarine warfare against the United States and its allies.In one example, the Dong Fang Hong 3, a research vessel operated by Ocean University of China