The UK Supreme Court ruled against Ørsted in its dispute with HMRC, finding that survey and study costs linked to offshore wind development cannot be claimed as capital allowances, while the developer said the decision weakens conditions for future infrastructure investment.
Vår Energi has submitted a revised plan for the Goliat Gas Export project, backing a $360 million Barents Sea investment to extend field life and enable future subsea developments.
A Russian naval support ship was reported near UK offshore wind farm areas and subsea infrastructure in the English Channel, adding to security concerns around North Sea energy assets.
Petrobras has approved SEAP I in Brazil’s Sergipe-Alagoas Basin, advancing a more than $12.0 billion offshore oil and gas development supported by two SBM Offshore FPSOs.
Energy and shipping costs kept rising after the Jones Act waiver took effect, as disruption in the Strait of Hormuz continued to lift oil prices, freight rates and insurance costs.
Japan is backing a shipbuilding recovery plan through funding, automation and consolidation, targeting annual output of 18 million gross tons by 2035.
Seafarer morale declines sharply as Hormuz tensions escalate, with rising risks, supply disruptions, and restricted movement impacting crews.
Huarui Long transported a 52,033-tonnes FPSO from Singapore to Denmark, setting a new Asian record for the heaviest single cargo moved by sea.
Global Maritime completed a feasibility study on transporting offshore wind turbine foundations from China to Europe, covering logistics, risk, regulation, cost and programme planning.
