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XOCEAN enters strategic alliance in Japan to expand use of USVs

XOCEAN, an Ireland-headquartered provider of uncrewed surface vessel (USV) operations and ocean data, has teamed up with two Japanese companies to collaborate on expanding...

Subsea7 contracts EnerMech for Trinidad and Tobago’s subsea development

Aberdeen-headquartered integrated solutions specialist EnerMech has secured a contract with Subsea7 to deliver pre-commissioning services for a subsea development project offshore Trinidad and Tobago. For...

Yinson Production achieves industry-first non-Brazil FPSO project bond at $1.46 billion

Yinson Production has closed the largest FPSO project bond to date at $1.458 billion, marking the first-ever non-Brazil issuance for the asset class. Singapore’s Yinson...

ADNOC to Continue Supplying LNG to Thai Power Developer

Abu Dhabi National Oil Co PJSC (ADNOC) said Tuesday it had signed a new "multi-year" agreement to supply about two million metric tons per...

Zim sale in balance as full-year forecasts soar

Sustained demand on Zim’s key service offerings on the Pacific have bolstered the company’s income, prompting an increase in its full-year profit forecasts. Zim’s updated...

Brent Once Again Toiling Around $100 Mark

The price of the global crude benchmark, Brent, is once again toiling around $100 per barrel as its reasons for trading much beyond the...

Vitol CEO Says Oil Inventories in West Have Been Exhausted

Oil inventories in western countries have been exhausted as a result of the Iran war, the boss of the world’s largest independent oil trader...

OPEC Holds Meetings With 2nd, 3rd Biggest Oil Consumers

In statements posted on its website recently, OPEC revealed that it held meetings with the second and third biggest oil consumers in the world. OPEC...

HD Hyundai group swoops on Goltens

Goltens, the Dubai-headquartered marine engineering and repair firm has announced that it has entered into an agreement with HD Hyundai Marine Solution (HMS) enabling...

Saudia Group gains momentum for ‘substantial’ aircraft order: Bloomberg

Saudia Group is moving closer to a “substantial” aircraft order, according to a company executive who spoke with Bloomberg in an interview. According to Bloomberg,...

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