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2026-08-24

ExxonMobil said a fire in the laundry room of a floating vessel off Guyana forced a temporary suspension of operations on the Liza Unity FPSO. The blaze was quickly extinguished, but a company spokesperson said crude offloading operations were affect

ExxonMobil said a fire in the laundry room of a floating vessel off Guyana forced a temporary suspension of operations on the Liza Unity FPSO. The blaze was quickly extinguished, but a company spokesperson said crude offloading operations were affected. The Liza field is central to Guyana’s oil expansion; the Stabroek block produces just over 900,000 b/d and Liza Unity handles about 250,000 b/d.
2026-08-24

Al Jazeera reports an Israeli airstrike near a Gaza hospital wounded several people.

Al Jazeera reports an Israeli airstrike near a Gaza hospital wounded several people.
2026-08-24

According to Al Jazeera: Israeli airstrikes near a hospital in Gaza have injured several people.

According to Al Jazeera: Israeli airstrikes near a hospital in Gaza have injured several people.
2026-08-24

On an Aug. 23 conference call Zhongji Xuchuang said material supply is tight due to faster-than-expected downstream demand and slower upstream capacity expansion. Some input costs have risen, but price increases for the company’s high-volume products

On an Aug. 23 conference call Zhongji Xuchuang said material supply is tight due to faster-than-expected downstream demand and slower upstream capacity expansion. Some input costs have risen, but price increases for the company’s high-volume products were limited because contracts are largely locked and order volumes confer pricing advantage. The company said product price declines on upcoming customer deliveries will be moderate, not the sharp drops cited in market rumors. It expects to control costs and lift gross margins through technical measures and a new-product volume ramp in 2027.
2026-08-24

Major customers have provided 2027 guidance and orders; demand for 1.6T and 800G is expected to remain rapidly higher than in 2026. New products — 2.4T, NPO and XPO — are being developed for scale-out and scale-up applications; company is sampling to

Major customers have provided 2027 guidance and orders; demand for 1.6T and 800G is expected to remain rapidly higher than in 2026. New products — 2.4T, NPO and XPO — are being developed for scale-out and scale-up applications; company is sampling to large-customer specs with target mass production in H2 2027 and larger-scale shipments in 2028. Management is expanding capacity and preparing core inputs (optical chips, electronic chips and PCBs) to support a 2027 volume ramp.
2026-08-24

The Norwegian royal court said on the 23rd King Harald V, 89, was hospitalized on the 17th after his condition worsened due to a bloodstream bacterial infection and is receiving antibiotic treatment; his condition is currently stable. During the king

The Norwegian royal court said on the 23rd King Harald V, 89, was hospitalized on the 17th after his condition worsened due to a bloodstream bacterial infection and is receiving antibiotic treatment; his condition is currently stable. During the king's medical leave, Crown Prince Haakon is serving as temporarily regent and exercise the duties of head of state.
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