Equinor, through Rio Energy, has acquired the 230 MW Esquina do Vento wind project from Vestas in Brazil, with Vestas set to supply 51 turbines and provide 30 years of operations and maintenance services.
Hanwha Ocean’s Philadelphia investment is drawing new attention as 60 Minutes and industry coverage highlight U.S. shipbuilding’s output, cost and workforce challenges.
COSCO Shipping Heavy Industry (Zhoushan) and the Zhejiang Branch of China Classification Society signed a cooperation pact in Zhoushan and issued China’s first ship repair carbon footprint compliance declaration for Fengshouhai.
The Clarksons Newbuilding Price Index stood at 182.14 at the end of February 2026, only 2.6% above the 2007 level, showing how limited overall new ship price gains have been despite higher yard costs.
Mexico is stepping up Gulf coast cleanup efforts while authorities work to identify the tanker suspected of causing the oil discharge, with shoreline recovery continuing across Tabasco and Veracruz.
Arcius Energy is set to begin a two-well offshore gas drilling program in Egypt’s Mediterranean waters, supported by the drillship Valaris DS-12 as the country expands exploration in 2026.
PRIO said two more wells at Brazil’s Wahoo field are due online soon as the company keeps its target of 40,000 barrels of oil per day by the end of April. The first well has already stabilized at 12,000 barrels per day.
TotalEnergies will relinquish two U.S. offshore wind leases under agreements with the Department of the Interior and redirect an equal amount of refunded lease fees into U.S. Gas & Power development.
China is widening its presence in global shipbuilding as vessel replacement demand drives a long order cycle. The shift is also increasing pressure on South Korean yards in tankers and LNG carriers.
