News Powered By AI
News Powered By AI
Brazil’s offshore oil boom is driving demand for support vessels that far exceeds available supply, creating a lucrative market opportunity for international operators and shipbuilders amid Petrobras’ deepwater expansion.
The North Sea oil and gas industry is pressing Labour to scrap the windfall tax on fossil fuel firms by 2027, three years ahead of schedule, amid rising winter energy bills.
Fossil fuel companies maintain record advertising contracts with agencies in 2026, with 1,321 active agreements focused on portraying oil and gas as essential to economic security and cultural identity.
Prime Minister Andy Burnham announced plans for Great British Grid, a government-backed entity designed to increase competition in electricity infrastructure investment and lower energy costs for consumers and businesses across Britain.
Crude oil exports from the strait of Hormuz have rebounded to pre-war levels through alternative routes including pipelines and ship-to-ship transfers, though refined product flows remain constrained.
UK transport minister denies diesel shortage concerns after Trump threatens to cut US fuel exports, citing diverse supply sources and emergency stockpile reserves.
