Former CNOOC deputy GM Yuan Guangyu has been formally charged by prosecutors in Xuzhou, Jiangsu, over allegations that he took extremely large bribes while holding senior posts at CNOOC Bohai and CNOOC Limited.
BP has secured a major arbitration win against Venture Global LNG over missed cargo deliveries, marking a significant development in the ongoing LNG supply disputes involving U.S. exporters.
France has inaugurated the Provence Grand Large floating wind farm, the first in the Mediterranean, showcasing 25 MW of capacity and advancing offshore renewable energy.
Ukrainian President Zelenskyy accused Russia of using its shadow fleet to launch drones towards Europe and urged new sanctions as Denmark boosts summit security.
Brazil’s antitrust authority CADE is reviewing the Saipem–Subsea 7 merger as Petrobras, ExxonMobil, and TechnipFMC warn of competition risks in subsea and PLSV markets.
The Italian government has conditionally approved the proposed merger between Saipem and Subsea7, a move expected to reshape the offshore engineering and subsea services market.
Hanwha Ocean is considering a new shipyard in Niterói, Rio de Janeiro, as Petrobras’ FPSO tenders and Brazil’s industrial policy create momentum for expanded local shipbuilding capacity.
GATE Energy has been awarded the full commissioning scope for BP’s Kaskida Floating Production Unit, reinforcing its partnership with Seatrium on deepwater projects.
Baker Hughes has secured a major contract to supply advanced subsea production and completion systems for the Sakarya Gas Field’s third development phase, reinforcing Türkiye’s ambitions to expand deepwater energy output in the Black Sea.
