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"No More Mr. Nice Guy": Trump Sends Witkoff To Pakistan For U.S.-Iran Talks As Hormuz Traffic Freezes
"No More Mr. Nice Guy": Trump Sends Witkoff To Pakistan For U.S.-Iran Talks As Hormuz Traffic Freezes
By Sunday morning, the latest Bloomberg ship tracking data showed that tanker traffic through the Strait of Hormuz had largely ground to a halt. There were multiple incidents of tankers U-turning over the last 24 hours. At the same time, a senior Iranian official renewed threats to close the Bab al-Mandeb Strait.
The Hormuz chokepoint (closed once again after briefly opening on Friday morning) comes as the US blockade of Iranian ports remains in...
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SpaceX is making an aggressive push into the power generation market, with The Information reporting that Elon Musk is preparing to address one of the most critical bottlenecks threatening America's data-center buildout: the shortage of advanced gas turbine components, particularly the blades and vanes needed to power massive data center campuses.
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Decommissioning Spending In UK North Sea Hits Record High
Decommissioning Spending In UK North Sea Hits Record High
Authored by Michael Kern via OilPrice.com,
Decommissioning remained a major activity across the UK North Sea in 2025, with industry spending hitting a record-high of £2.6 billion, or $3.5 billion, the North Sea industry regulator said in a report on Thursday.
Well-decommissioning remains the single largest component of forecast decommissioning expenditure on the UK Continental Shelf (UKCS), accounting for around half of expected costs to 2032, the North Sea Transition Authority (NSTA) noted in its annual decommissioning cost and performance update.
The UK North Sea has a...
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