Offshore engineering and services provider Subsea 7 has secured a contract for work on Equinor’s Fram Sør development project, located offshore Norway. The project’s work scope encompasses ...

Chennai-based Sanmar Group has taken its first step into the VLCC segment, acquiring the 321,000 dwt Maran Canopus from Greece’s Angelicoussis Shipping Group in a deal valued by brokers as ...

New York’s Public Service Commission has stopped the project that would bring offshore wind power to New York City. Gas and electric utility customers would pay for the costs of the transmission ...

The Malaysian state of Sabah has decided to acquire a 25% cent stake in Petronas’s $3.1bn FLNG facility set to be deployed in Sipitang, known as ZLNG. The acquisition will be conducted through ...

VLGC owner and operator BW LPG has wrapped up two financing facilities totalling $595m, aimed at supporting its fleet expansion, refinancing existing debt, and boosting liquidity.

HSG Sungdong Shipbuilding, once one of the top 10 shipbuilders in the world, has re-entered the finished shipbuilding market, forging a strategic partnership with Samsung Heavy Industries and ...

Offshore contracting giant TechnipFMC has been awarded an iEPCI contract for the Heidrun extension project in the Norwegian North Sea by Equinor. The award of the contract follows an integrated ...

CSSC Shipping has moved to bolster its dry bulk portfolio with a pair of newcastlemax newbuilds. The Hong Kong-listed leasing arm of state-owned China State Shipbuilding Corporation (CSSC) has ...

Houston-based offshore energy services company Helix Energy Solutions has landed a new framework deal with ExxonMobil in the US Gulf. The agreement, with an undisclosed value, will see the New ...

Yemeni opposition forces working with the American military have seized the largest cargo of Iranian advanced conventional weapons bound for the Houthis.

Dutch surveyor Fugro has been awarded a seven-year framework agreement with Ireland’s state-owned electricity transmission operator EirGrid. The agreement is for a full suite of geo-data surveys ...

The booming secondhand tanker market has reached new heights with the sale of the 21-year-old VLCC City of Tokyo for a reported $41m, setting a new benchmark for vintage VLCCs. The Liberian ...