Featured News
LNG Canada Phase 2 FID Doubles Capacity to 28 Mtpa
LNG Canada’s partners have approved Phase 2 at Kitimat, doubling LNG capacity to 28 mtpa, while Fluor and JGC move ahead with engineering and construction work.
BOMESC Wins Up to $312M SBM Offshore FPSO Topside Contract
BOMESC has secured a $240 million-$312 million contract from SBM Offshore for the design, procurement and construction of topside modules for an FPSO destined for South America.
TotalEnergies, SOCAR and XRG Approve Absheron Expansion
TotalEnergies, SOCAR and XRG have approved the Absheron Full Field Development in Azerbaijan, targeting 6 BCMA of gas and 47,000 bpd of condensate from 2029.
Rosetti Marino Wins €250-300M INEOS Hejre Platform Contract
Rosetti Marino has won a €250–300 million INEOS contract covering engineering, construction, transport and offshore installation of a new platform for Denmark’s Hejre Development.
Hanwha Philly Shipyard Leases 47 Acres at Navy Yard
Hanwha Philly Shipyard will lease about 47 additional acres at the Philadelphia Navy Yard as it proceeds with its previously announced $5 billion infrastructure program.
Cochin Shipyard Signs €2.3M Deal for 23% Stake in Conoship
Cochin Shipyard has signed agreements to acquire a 23% stake in Dutch ship designer Conoship for €2.3 million, with completion expected within two months.
Transocean-Valaris Deal Reportedly Nears DOJ Clearance
Transocean’s $5.8 billion all-stock combination with Valaris may be moving closer to US antitrust clearance, with a report indicating the DOJ could approve the deal without divestitures.
Shell Completes $1.7 Billion Na Kika and Coulomb Sale
Shell has completed the $1.7 billion Na Kika and Coulomb asset sale in the U.S. Gulf, receiving about $840 million in cash proceeds at closing on 22 September 2026.
EU Seeks More Than 10 Warships for Red Sea Aspides Mission
The EU says its EUNAVFOR Aspides mission needs more than 10 warships as member states are asked to provide additional naval and air assets for Red Sea shipping security.
