
CMA CGM Builds Gulf Cargo Corridors Outside Hormuz
CMA CGM is deploying alternative cargo corridors through the UAE, Saudi Arabia and Oman to keep Gulf logistics moving without relying on the Strait of Hormuz.

CMA CGM is deploying alternative cargo corridors through the UAE, Saudi Arabia and Oman to keep Gulf logistics moving without relying on the Strait of Hormuz.

HD Hyundai said reports of a KRW 3trn ($4bn) investment in a new shipyard in India’s Tamil Nadu state were not confirmed, according to a Korea Exchange filing.

The US is preparing to reimburse TotalEnergies more than $928 million as it moves to cancel the Attentive Energy and Carolina Long Bay offshore wind leases.

Boskalis has resumed UXO identification and clearance off Zeebrugge for the MOG2 project, using Manu-Pekka and a support vessel to prepare the 55 km cable route linked to Princess Elisabeth Island.

SLB OneSubsea has won a 20-well EPC contract from CNOOC for the Kaiping 18-1 deepwater project in the South China Sea, covering integrated subsea production systems, installation support and commissioning services.

Woodside Energy has appointed Liz Westcott as Chief Executive Officer and Managing Director after she served as Acting CEO since December 2025. The appointment follows a recruitment process covering internal and external candidates.

Heidrun marked 30 years of production in October after producing more than 1.5 billion barrels of oil and gas, with output still averaging 60,000 to 65,000 barrels per day and further development under review.

The UK government will open Allocation Round 8 in July 2026 after awarding 8.4 GW of offshore wind in AR7, while RenewableUK says up to 18 offshore wind farms could compete in the next CfD round.

Equinor and its partners have reported an oil discovery at the Polynya Tubåen prospect in the Barents Sea, with estimated recoverable resources of 14 to 24 million barrels and a possible tie-back to the Johan Castberg field under review.
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