Featured News
Drone Hits Kuwait Oil Company Offshore Drilling Platform
A hostile drone damaged a Kuwait Oil Company offshore drilling platform in Kuwaiti territorial waters, injuring one worker. Three northern border centres also sustained damage.
Harbour Energy Completes $163 Million Waldorf UK Acquisition
Harbour Energy has completed its $163 million acquisition of Waldorf’s UK subsidiaries, adding 20,000 boepd, 35 million boe of 2P reserves and interests in the Catcher and Kraken fields.
Trump Proposes 20% Strait of Hormuz Cargo Charge
Donald Trump has proposed a 20% charge on cargo transiting the Strait of Hormuz while announcing plans to reinstate a U.S. blockade targeting Iranian shipping.
Korea Midland Power Closes Financing for 390MW Shinan-Wi Offshore Wind
Korea Midland Power has closed financing for the 390MW Shinan-Wi offshore wind project, which will install 26 turbines and South Korea’s first commercial offshore substation.
South Korean Shipbuilders Could Near 10 Trillion Won Profit
South Korea’s three largest shipbuilders are forecast to post 9.04 trillion won in annual operating profit, with LNG carriers and higher shipyard productivity supporting further gains.
ADNOC L&S Orders Four LNG Carriers from Jiangnan Shipyard
ADNOC Logistics & Services has ordered four 175,000 m³ LNG carriers from Jiangnan Shipyard for $900 million, with all four vessels scheduled for delivery in 2029.
US Requests Naval Shipbuilding Capacity Details from South Korean Shipbuilders
The U.S. has requested naval shipbuilding capacity information from HD Hyundai Heavy Industries, Hanwha Ocean and Samsung Heavy Industries as Seoul and Washington advance shipbuilding cooperation.
CY Shipping and BigLift Shipping Christen First BC-Class HTV CY Frontier
CY Shipping and BigLift Shipping have christened CY Frontier, the first of four BC-Class Heavy Transport Vessels designed for offshore, energy and industrial module transport.
ACCC Moves Saipem and Subsea7 Merger to Phase 2 Review
The ACCC has moved Saipem and Subsea7’s proposed merger to a Phase 2 review, citing possible competition concerns in subsea infrastructure services for Australian offshore oil and gas projects.
