TSIB found that fatigue, bridge distraction and disabled radar alarms combined as Hafnia Nile closed the anchored Ceres I, leading to collision, fire and pollution response.
According to Reuters, PDVSA is shutting in wells and joint ventures as a US oil embargo freezes exports, fills storage, disrupts Russian diluent supplies and raises risks for refining and fuel markets.
Petrobras starts production from the P-78 FPSO at Búzios, designed for 180,000 barrels/day and 7.2 million m³/day of gas.
Saipem has won a $425 million EPCI contract for three subsea pipelines on Turkey’s Sakarya Phase 3 project, linking the Goktepe gas discovery to Black Sea facilities alongside its earlier $1.5 billion scope.
Reports citing Spain’s La Verdad say investigators suspect Ursa Major carried undeclared VM-4SG reactor hulls allegedly bound for North Korea before it sank off Cartagena in December 2024.
PV Drilling IX arrived in Vung Tau at 06:00 on 25 December 2025 after a two-month, 12,855.6-nautical-mile voyage from Europe aboard GPO Sapphire operated by GPO Heavy Lift.
bp agreed to sell 65% of Castrol to Stonepeak at a $10.1 billion enterprise value, targeting about $6.0 billion net proceeds to reduce net debt ahead of end-2027 targets.
CNOOC Limited reports a major discovery at the Qinhuangdao 29-6 Oilfield in the central Bohai Sea, with proved in-place volumes exceeding 100 million tons of oil equivalent and a test rate of about 2,560 barrels per day.
The Trump administration has suspended leases for five offshore wind projects off the U.S. East Coast over Pentagon-flagged security concerns, AP reported, drawing sharp pushback from states, industry and activists.
