Featured News
Former CNOOC Executive Gets Suspended Death Sentence
Former CNOOC executive Yuan Guangyu has received a death sentence with a two-year reprieve after a Chinese court found he accepted more than 152 million yuan in bribes.
CIMC Raffles Wins Greater PAJ FPSO EPCIC Contract
CIMC Raffles has signed the Greater PAJ FPSO EPCIC contract offshore Angola, marking its first full FPSO EPCIC award and expanding its role in high-end offshore engineering.
Korea’s Big Three Shipbuilders Head for Strong Q2 Margins
Korea’s Big Three shipbuilders are forecast to post a combined 14.5% operating margin in Q2 as LNG carriers, FLNG projects and higher-value orders lift profitability.
Saipem Wins $1 Billion Greater PAJ Offshore Contract
Saipem has secured a $1 billion contract from Azule Energy for transportation and installation work on the Greater PAJ development offshore Angola.
HEA Energy Secures $550M Inaugural Bond to Fund Newbuild Program and Refinance
HEA Energy has secured $550 million through its inaugural senior secured bond, the largest Nordic bond issuance by a MENA-headquartered company, to support fleet expansion, newbuild SESVs and OSVs, and refinancing initiatives.
Samsung Heavy Industries Expands Vietnam Tanker Outsourcing
Samsung Heavy Industries is expanding tanker outsourcing in Vietnam while reducing reliance on Chinese yards and focusing Geoje on high-value vessels.
Vantage Drilling Shareholders Approve Merger with Eldorado Drilling
Vantage Drilling shareholders have approved the proposed merger with Eldorado Drilling. The transaction values Vantage at approximately $257.6 million and remains subject to closing conditions.
AAL Shipping Pushes Fleet Renewal Amid Project Cargo Uncertainty
AAL Shipping marks 30 years with continued investment in Super B-Class vessels, digital systems, workforce development and sustainability reporting as project cargo markets face uncertainty.
Seaway Albatross Completes Dieppe Le Tréport Jacket Deliveries
Seaway Albatross completed 13 calls at Cherbourg, delivering 62 jackets from Fene for the Dieppe Le Tréport offshore wind farm.
