Commodities

Why Central Banks Are Shopping for Gold

For hundreds of years, nations and central banks have amassed reserves of gold to conduct commerce, pay for navy campaigns, and fund exploration and settlement....

Petrobras to extend oil and gasoline manufacturing offshore Brazil with new digital twin prototype

(WO) – Based on Petrobras, the Cidade de Anchieta and P-57 FPSO platforms, working within the Jubarte discipline within the Espírito Santo state’s pre-salt and post-salt layers offshore Brail, participated in a pilot...

Texas RRC levies over $2 million in penalties for oil and fuel violations

(WO) — The Railroad Fee of Texas (RRC) has imposed greater than $2 million in fines on operators and companies for violations throughout the state's oil and fuel business. The penalties, totaling $2,173,382.40,...

Seatrium delivers fourth jackup rig to Borr Drilling forward of schedule

(WO) – Seatrium Restricted has efficiently delivered its fourth jackup rig, named "Vali," to Borr Drilling, a few 12 months forward of the deliberate supply date. The challenge was accomplished on an accelerated...

The Gold Commonplace: A Transient Historical past

The ‘Gold Commonplace’ is a financial system wherein a rustic’s foreign money (usually paper cash) has its worth straight linked to gold. Below this technique,...

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