Featured News
COSCO Rejects US Claims Over Military Intelligence Equipment
COSCO has rejected allegations that its vessels carry concealed equipment capable of intercepting military communications near North America, Europe and Asia.
Saipem-Subsea7 Merger Timeline Paused by EU Antitrust Review
The Saipem-Subsea7 merger remains targeted for the second half of 2026 after the European Commission suspended the timetable for its antitrust review.
Kang Duk-soo Returns to Shipbuilding Through SK Oceanplant Acquisition
Kang Duk-soo, who built the former STX group, is returning to shipbuilding through D-Ocean Asset Management’s KRW 410 billion acquisition of control in SK Oceanplant.
Norway Seizes Russian Vessel Professor Molchanov in Svalbard Over $4.22 Billion Naftogaz Award
Norway has seized the Russian state-owned Professor Molchanov in Svalbard as Naftogaz seeks to enforce a $4.22 billion arbitration award against Russia.
Hornbeck and Helix Complete All-Stock Offshore Services Merger
Hornbeck Offshore Services and Helix Energy Solutions Group completed their all-stock merger, with the combined company taking the Hornbeck name and NYSE ticker HOS.
SK ecoplant to Sell SK Oceanplant Stake for KRW 410bn
SK ecoplant will sell its entire 35.62% stake in SK Oceanplant to a consortium led by The Ocean Asset Management for KRW410bn ($299m), with closing expected before year-end.
Turkish Commandos Retake Lutuf Off Somalia
Turkish commandos and Somali forces retook the cargo ship Lutuf off Somalia on 29 August after pirates had held the Cameroon-flagged vessel for nearly two weeks.
Taean 500MW and Yokji 384MW Offshore Wind Projects Advance in South Korea
South Korea offshore wind development is advancing with a 500MW project in Taean and a 384MW project near Yokji as part of a wider renewable energy and digital infrastructure investment plan.
Energean Enters Exclusive Talks for BP Egypt Upstream Assets
Energean is in exclusive talks over selected BP upstream assets in Egypt, including interests in the offshore West Nile Delta and the Temsah concession.
