Megacities Are Booming

Tanker Fire Friday: Iran Claims At Least Two More Attacks In Strait of Hormuz Tensions continue to soar in the Strait of Hormuz, as Iranian military forces claimed a series of aggressive maritime actions on Friday, or what we might call another Tanker Fire Friday.The Islamic Revolutionary Guard Corps (IRGC) Navy has newly announced that it intercepted and halted two commercial tankers for straying into "unauthorized routes" in the southern stretch of the strait. via Associated Press The IRGC has further said Friday that a supertanker caught fire after striking a naval...

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...