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.
Petrobras has received IBAMA’s environmental authorization to begin exploratory drilling in Brazil’s Equatorial Margin near the Amazon River’s mouth, ending a costly delay and advancing its offshore program.
HMM has committed ₩3.45 trillion to order 14 new LNG-powered vessels, marking a strategic leap toward green shipping and fleet modernization.
The Cameroon-flagged LPG tanker Falcon, reportedly carrying Iranian-origin LPG, caught fire after being hit near Yemen, intensifying concerns over maritime security in the Gulf of Aden.
The International Maritime Organization has postponed agreement on its Net-Zero Framework, delaying crucial climate regulations for the global shipping sector until 2026.
