Browsing Tag
Jebel Ali
3 posts
McDermott posts $2.4bn Q1 2026 revenue as backlog holds at $17.6bn despite Middle East volatility
McDermott Q1 2026 revenue hits $2.4 billion and backlog holds at $17.6 billion as Middle East exposure tests post-bankruptcy reset. Read the full breakdown.
Iran drone strike hits fully loaded Kuwaiti oil tanker Al Salmi at Dubai Port, threatening oil spill and escalating Gulf shipping crisis
Iran drone strikes Kuwaiti oil tanker Al Salmi at Dubai Port, damaging hull and starting fire on fully laden vessel; oil spill risk confirmed, 24 crew safe.
World’s biggest oil chokepoint closed: What the Iran crisis means for energy prices globally
Iran closes the Strait of Hormuz after US-Israel strikes; Brent crude surges 14% to $83, European gas up 70% as QatarEnergy halts LNG production.