Ørsted Agrees to Pay $125M Settlement to Cancel New Jersey Wind Farms
Seven months after announcing it was walking away from two large offshore wind farms planned for New Jersey, Ørsted and…
Cyprus Terminates Larnaca Port Concession Over Development Dispute
The Government of Cyprus in an ongoing dispute with the long-time leaseholder at the port of Larnaca announced it has…
Ecuadorian Coast Guard Vessel Sinks After Busting Smuggling Boat
A good samaritan vessel has safely rescued the crew of the coast guard patrol vessel Isla Santa Cruz, which went…
South Korea, UAE agree to slash import duties, strengthen ties
South Korea and the United Arab Emirates signed a trade agreement at a summit on Wednesday to sharply cut import…
Houthis Armed with New Iranian-Designed Missile as Attacks Increase
In their latest announcement, the Houthis reported that they have increased the attacks on shipping in response to the continued…
U.S. Aid Pier for Gaza Breaks Up in Heavy Weather
The temporary floating pier that U.S. forces constructed to supply aid to Gaza has been damaged in a storm, and…
PetroChina loads first crude from UAE’s Belbazem field for Singapore refinery
PetroChina International said it has loaded 100,000 barrels of crude oil from the United Arab Emirates’ offshore block Belbazem where…
Russia’s ultra low-sulphur diesel exports from Primorsk to fall in June, traders say
Russia’s exports of ultra low-sulphur diesel (ULSD) from the Baltic Sea port of Primorsk in June are set to fall…
Qatar’s ruler looking to invest in energy, ports and high-tech in Cyprus, official says
The emir of Qatar is looking to invest in energy and high-tech in Cyprus — projects seen as having a…
Euro zone lending languishes as ECB prepares to cut
Bank lending in the euro zone continued to languish in April as record-high interest rates likely put off lenders as…