The UK’s offshore wind industry warns that the £1.4 billion AR7 budget is too small to meet the 2030 target and sustain long-term investment.
SHI delivers Korea’s first 7,500 m³ LNG carrier converted with the KC-2C system, showcasing innovation in domestic LNG technology.
Petrofac has filed for administration after the termination by TenneT of a major offshore wind contract, placing thousands of jobs at risk and derailing its restructuring plan.
HD Hyundai Heavy Industries and HII signed an MOA during APEC 2025 to strengthen collaboration in naval shipbuilding, technology, and industrial base development between South Korea and the United States.
Samsung Heavy Industries has signed a Letter of Award with Delfin Midstream to deliver the FLNG unit for a U.S. offshore LNG export project, targeting FID in 2025.
Saipem has strengthened its global offshore drilling orderbook with USD 135 million worth of new and extended contracts across West Africa, the Mediterranean, and the Far East.
Panama has unveiled an US $8.5 billion schedule to strengthen the canal’s resilience, expand water capacity, and modernise infrastructure amid growing global trade and climate challenges.
Salvage and firefighting teams continue efforts to recover the Cameroon-flagged LPG tanker Falcon after an onboard explosion in the Gulf of Aden left the vessel burning and adrift.
Petrojet and Arkad secure a $1 billion EPC deal for Algeria’s Hassi Bir Rekaiz oilfield, signaling stronger regional cooperation in North Africa’s energy sector.
