Oil prices continue to surge as Middle East tensions intensify
Geopolitical tensions have significantly impacted the Strait of Hormuz, a vital passage for around 20% of global oil and gas.
03 March 2026
03 March 2026
Geopolitical tensions have significantly impacted the Strait of Hormuz, a vital passage for around 20% of global oil and gas.
The facility, crucial for diesel supply, was closed as a precaution while damage is assessed.
The decision follows Israeli Energy Ministry orders due to US-Israeli military actions against Iran and subsequent regional retaliation.
Demands for efficiency, accuracy and improved safety are driving emerging technologies in oil and gas at every stage of the value chain.
Saipem and COOEC boost upstream contracts activity.
EnerMech will deliver a consolidated ME&I maintenance programme, combining services for routine operations and shutdowns at the refinery.
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