The International Energy Agency (IEA) is closely monitoring developments in the Strait of Hormuz including the recent seizure of a UK-flagged oil tanker and stands ready to act if needed
Industry
Theresa May to chair Cobra meetings on Iran tanker seizure
Tension continues to mount in the Gulf over the seizure of a British oil tanker by Iran and Prime Minister Theresa May is set to chair a meeting of Cobra to address the crisis
Middle East and Africa to lead oil and gas analytics market: TMR
As the use of technology has significantly increased in oil and gas in recent years, it is fuelling demand of oil and gas analytics across the produces and operators, according to Transparency Market Research (TMR)
Petrofac inaugurates construction skills training centre in Algeria
Oilfield services company Petrofac has inaugurated its construction skills training centre in Hassi Messaoud, Southern Algeria, following the completion of a programme to upgrade the centre’s facilities
Topaz deal exposes DP World’s cash flows to heightened cyclicality: Moody’s
Credit rating agency Moody’s Investor Service stated that the acquisition of Topaz Energy and Marine by DP World is credit negative because Topaz’s business is exposed to the oil and gas industry, which Moody’s considers to be more cyclical and therefore volatile than DPW’s traditional port business
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