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Name change marks new phase in Malaysian firm’s restructuring efforts

Malaysian oil and gas services provider formerly known as Sapura Energy has rebranded, marking the start of a strategic transformation aimed at restoring financial and operational strength. The post Name change marks new phase in Malaysian firm’s restructuring efforts appeared first on Offshore Energy.

Escalating sanctions on Russian and Iranian oil: Implications for the tanker market

The recent tightening of sanctions enforcement on Iranian and Russian oil by the US and EU may lead to notable shifts in global tanker trade patterns. On Wednesday, July 30, the U.S. Department of the Treasury announced sanctions targeting over 100 Iran-linked individuals, companies, and vessels involved in the export of Iranian oil and petrochemicals. …

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