Reprice OCTG Exposure Ahead of Near-Term Pipeline Completions

As of mid-2026, the project has reached approximately 80-84% overall completion, with all line pipes delivered, substantial progress on pump stations, and the marine terminal and jetty exceeding 88% completion

After more than a decade of planning, delays and fierce opposition, the East African Crude Oil Pipeline is nearing completion, poised to become the world’s longest electrically heated crude oil pipeline and unlock Uganda’s long-awaited entry into global oil markets. The 1,443-kilometer (897-mile) pipeline will transport waxy crude from Uganda’s Albertine Graben oil fields near Lake Albert to the Chongoleani Peninsula near Tanzania’s Tanga port on the Indian Ocean

At peak capacity, it is expected to carry up to 246,000 barrels per day

Saudi Arabia is considering expanding the capacity of its critical East-West crude oil pipeline to the western Red Sea coast, according to five sources close to the matter

State-backed oil giant Aramco reported in May that about 2 million barrels per day supply west coast refineries, while roughly 5 million barrels per day are designated for export. Sources say Saudi Arabia is in preliminary talks with neighbouring countries to boost capacity by 1 million to 2 million barrels per day

Constructed in the early 1980s, the East-West pipeline currently transports up to 7 million barrels per day to the Red Sea port of Yanbu, with the current geopolitical tension making it a vital strategic asset in the region

News KONGSBERG wins contract to protect critical offshore infrastructure July 03, 2026 KONGSBERG has secured a contract to provide underwater surveillance and protection technology for critical infrastructure, supporting the security of offshore energy assets, subsea cables and other essential facilities for an international customer. News Ulstein delivers hybrid-ready CSOV to Bernhard Schulte Offshore July 03, 2026 Bernhard Schulte Offshore has taken delivery of the Windea Clarke commissioning service operati

News Ulstein delivers hybrid-ready CSOV to Bernhard Schulte Offshore July 03, 2026 Bernhard Schulte Offshore has taken delivery of the Windea Clarke commissioning service operation vessel (CSOV) from Ulstein Verft, expanding its offshore service fleet with a hybrid-ready vessel designed for offshore construction and maintenance operations

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