Former CNOOC executive Yuan Guangyu has received a death sentence with a two-year reprieve after a Chinese court found he accepted more than 152 million yuan in bribes.
CIMC Raffles has signed the Greater PAJ FPSO EPCIC contract offshore Angola, marking its first full FPSO EPCIC award and expanding its role in high-end offshore engineering.
Korea’s Big Three shipbuilders are forecast to post a combined 14.5% operating margin in Q2 as LNG carriers, FLNG projects and higher-value orders lift profitability.
Saipem has secured a $1 billion contract from Azule Energy for transportation and installation work on the Greater PAJ development offshore Angola.
HEA Energy has secured $550 million through its inaugural senior secured bond, the largest Nordic bond issuance by a MENA-headquartered company, to support fleet expansion, newbuild SESVs and OSVs, and refinancing initiatives.
Samsung Heavy Industries is expanding tanker outsourcing in Vietnam while reducing reliance on Chinese yards and focusing Geoje on high-value vessels.
Vantage Drilling shareholders have approved the proposed merger with Eldorado Drilling. The transaction values Vantage at approximately $257.6 million and remains subject to closing conditions.
AAL Shipping marks 30 years with continued investment in Super B-Class vessels, digital systems, workforce development and sustainability reporting as project cargo markets face uncertainty.
Seaway Albatross completed 13 calls at Cherbourg, delivering 62 jackets from Fene for the Dieppe Le Tréport offshore wind farm.
