Transocean Lands Drillship Deal Worth $158m
Switzerland‑based offshore driller Transocean announced it has won a five‑well contract for its Deepwater Asgard drillship in the Eastern Mediterranean. The 390‑day campaign, slated to begin in Q4 2026, is valued at roughly $158 million in backlog, not counting mobilisation fees. The deal adds to a series of recent fixtures—including the Barents in Norway and three rigs in Brazil—bringing Transocean’s total backlog additions to about $1.6 billion since early April.
The End of the Hormuz Bargain
The Strait of Hormuz, through which roughly a quarter of the world’s seaborne oil and large volumes of LNG, fertilizer and key feedstocks travel, is no longer a neutral corridor. Escalating Middle‑East tensions and unilateral toll demands have prompted many...
Wah Kwong Spins Off Dry Bulk Arm with 60-Ship Target
Hong Kong‑based Wah Kwong Maritime Transport has spun off its dry‑bulk operations into a new subsidiary, Wah Kwong Bulk. The unit will combine ship ownership and operation, targeting a fleet of 50‑60 vessels by 2030, including about 30 owned ships...
The Court Ruling in Gina Rinehart’s Mining Dispute Reveals a Lot About the Nation’s Inherited Wealth
Australia’s Supreme Court ordered mining magnate Gina Rinehart to pay hundreds of millions of dollars in royalties to the heirs of Peter Wright, while allowing Hancock Prospecting to retain ownership of the lucrative Hope Downs and East Angelas iron‑ore tenements. The...
Core Energy Targets Broad Rare Earths System at Cummins After Strong Drill Hits
Core Energy Minerals (ASX:CR3) announced a series of high‑grade rare earth intercepts at its Cummins project in South Australia, including a 27‑metre interval with 505 ppm total rare earth oxides (TREO) and 27% magnet rare earth oxides (MREO). A standout 4‑metre...
Perpetual Resources Kicks Off Reconnaissance for Tungsten as Prices Strengthen
Perpetual Resources has launched a two‑week reconnaissance program at its 8,714‑hectare Paraíba tungsten project in Brazil’s Seridó province. The field work aims to quickly map mineralisation, validate historic occurrences and produce high‑priority drill targets for a Phase 2 program. Tungsten prices...
Strait of Hormuz Crisis Should Catalyze African Biofertilizer Production (Commentary)
Tensions in the Strait of Hormuz have disrupted synthetic fertilizer shipments, exposing Africa’s reliance on imports that account for up to half of its supply. In response, the Dangote Group is set to triple its output to 9 million metric tons...
Iran Could Offer Oman Exit Proposal
Iran has signaled it could let commercial vessels use the Omani side of the Strait of Hormuz without interference, provided Washington meets Tehran's core demands in ongoing negotiations. The war that began on Feb. 28 has choked roughly 20% of global...
Economist Jim Rickards Says the Biggest Opportunity of the Decade Is Quietly Sitting in Alaska
Macro economist and former CIA adviser Jim Rickards released a free video presentation highlighting a quiet but significant shift in U.S. resource policy. He points to President Trump’s Executive Order 14153, signed in January 2025, which speeds up permitting for...
Novelis, Infinitum Extend Collaboration in Norway
Aluminum producer Novelis and Norway’s deposit‑return foundation Infinitum have renewed their partnership to recycle beverage cans. Under Norway’s DRS, collected cans are shipped to Novelis’s Latchford plant in the United Kingdom for processing. The agreement secures a stable supply of...
Positive Assay Results at Golden Eye Point to Growth in Indicated Resources
Cygnus Metals announced that infill drilling at the Golden Eye deposit of its Chibougamau copper‑gold project returned exceptionally high grades, including a 105.5 g/t AuEq intercept over 1 m and up to 11.9 % copper over 0.8 m. The drill program, which completed more than...
Oil’s 50% Surge Sparks Supercycle Talk but Risks Linger
Oil prices have surged more than 50 % since late February after U.S. and Israeli strikes on Iran prompted Tehran to close the Strait of Hormuz, tightening global supply. The abrupt supply shock, combined with a fifth of LNG capacity offline,...
U.S. Is Most Resilient to the Energy Shock, Until It Isn’t
The seven‑week war in Iran has disrupted oil and gas flows, hitting Asia and Europe hard while the United States remains comparatively insulated. However, U.S. consumers are already feeling higher gasoline prices—over $1 per gallon—and a 3.3% year‑over‑year CPI increase...
LNG Shock, Coal Myths, & The Real Winners On The Grid
The March 2026 Hormuz LNG disruption did not trigger a global coal surge; instead, CREA’s real‑time data show fossil generation fell 1% year‑on‑year, with coal flat and gas down 4%. Outside China, coal dropped 3.5% while solar and wind grew...
Andromeda Wraps Early Works at Great White Project, Trims Equity Requirement for Stage 1A+ FID
Andromeda Metals has finished the early‑works program at its Great White kaolin project on South Australia’s Eyre Peninsula, establishing the site and cutting the equity needed for Stage 1A+ to roughly $40 million AUD (about $26 million USD). The work included bulk earthworks,...
