US To Convert Pacific Oil Rigs Into Military Bases Authored by Dave DeCamp via AntiWar.com, The US Navy will convert surplus oil rigs in the western Pacific into mobile military bases as part of the US military buildup aimed at China, The Defense Post reported on Tuesday. The naval engineering firm Gibbs & Cox developed the concept, known as the Mobile Defense/Depot Platform (MODEP), and presented it earlier this month at the Sea Air Space Expo. The idea is to convert oil rigs...
T-Mobile US locked down a deal to provide Delta Air Lines with 5G services to improve operations across its headquarters.
The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for as much as a third of its feedstock as it starts up production. A report by Bloomberg on Thursday stated that the plant has been shipping products in recent weeks while readying two units to Read More
The United States is reimposing sanctions on Venezuela's vital oil sector
(The Center Square) – President Joe Biden and his administration have taken over 200 actions against the U.S. oil and natural gas industry as energy prices have gone up, according to a new report. “President Biden and Democrats have a plan for American energy: make it harder to produce and more expensive to purchase,” the Institute for Energy Research states in a new report. “Since Mr. Biden took office, his administration and its allies have taken over 200 actions deliberately...
Baghdad (IraqiNews.com) – Iraq, the world’s fifth-largest oil producer, continues to have a key place in the oil export industry. This makes Iraq the second-largest Middle Eastern exporter, with oil revenues predicted to have reached $111 billion in 2022, accounting for 7.62% of total exports. Iraq’s oil reserves remain a critical resource for its economy,
KUWAIT CITY, April 13: Crude oil is indeed a cornerstone of the global economy, serving as a vital raw material for various industries, reports Al- Anba daily. Following is the list of top oil exporting countries and their significant contributions to the global oil trade: Saudi Arabia -- Reigning at the top of the list, Saudi Arabia exported $236 billion worth of oil in 2022, comprising 16.2% of global oil exports. With vast reserves and substantial production capabilities, Saudi Arabia plays a...
Cathie Wood has an answer to those accusations that her investment firm lost billions of her investors’ money investing in tech stocks.
China's Crude Oil Imports Hit A Record High In 2023 By Tom Kool of OilPrice.com China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world’s top crude oil importer took advantage of the price crash to gorge on cheap crude. Last year, China’s crude oil imports averaged 11.3 million barrels per day (bpd), up by 10% compared to 2022, according to Chinese customs data compiled by Bloomberg and the U.S....
MOSCOW, April 16 (Reuters) – U.S. sanctions are limiting tanker activity for Russia’s top shipping group, Sovcomflot, the company’s head said on Tuesday, as Washington tightens the screws on Moscow. The U.S. imposed sanctions on Sovcomflot
The US Federal Communications Commission (FCC) gave its stamp of approval for T-Mobile’s $1.3 billion deal to buy Mint Mobile and Ultra Mobile.
American tycoons are seeking deals in ICT, renewable energy, agricultural