Ocean Winds has reached Financial Close on the 390 MW BC-Wind offshore wind farm in Poland’s Baltic Sea, securing about €2 billion in project finance supported by the EIB, ICO and commercial banks.
Two sanctioned Russian tankers were struck by Ukrainian naval drones off Turkey, forcing major rescue operations as both vessels caught fire. The incidents underscore rising risks around Russia’s shadow fleet.
Two Russian-linked sanctioned tankers were hit by blasts in the Black Sea, prompting a major emergency response from Turkish authorities. Fires broke out on both ships, but all crew were safely evacuated as officials investigated the cause.
OEUK warns the UK’s decision to keep the windfall tax could divert £50B of offshore investment, accelerate job losses, increase imports and weaken long-term North Sea energy security.
A new Seaspan-commissioned study shows SMRs could accelerate vessel schedules, cut operating costs by $68M annually, and expand cargo capacity on 15,000-TEU ships, with strong adoption potential by 2050.
Dogger Bank Wind Farm and Seaway7 have completed installation of all 277 transition pieces across the 3.6GW project, finishing 554 foundation assets including earlier monopile work.
Allseas will install a 500-km deepwater pipeline system for Enbridge in the US Gulf, including 515 km of subsea infrastructure. Installation will be executed by Solitaire, with offshore work planned for 2027–2028.
Petrobras is likely to delay awarding up to four Buzios drilling contracts into 2026 as it reassesses reservoir data and contractors update proposals, amid a softening global deepwater rig market.
Equinor plans to drill 250 oil and gas exploration wells in Norway by 2035, investing $5.86 billion annually to maintain production levels, as fossil fuel demand continues globally.
