Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President…
Lebanon and Cyprus Clear Path for Gas Exploration with Maritime Border Deal Read More »
Windcat, part of CMB.TECH, has signed a contract with Damen Shipyards to build a new Multi-Purpose Accommodation Support Vessel (MP-ASV), with options for five additional units.To be known as the Innovation Series, the new class of offshore support ves…
Windcat Orders Next-Gen Multi-Purpose Offshore Support Vessel Read More »
Fincantieri and the U.S. Navy have reached an agreement to redefine the future of the Constellation-class frigate program, ensuring work continues on the first two ships while cancelling four later units as part of a wider fleet review.The shift…
US Navy Cancels Four Constellation Frigates, Keeps First Two Under New Deal Read More »
Thousands of U.K. jobs and billions in future tax revenue are at risk unless the government reforms the Energy Profits Levy (EPL), industry group Offshore Energies UK (OEUK) said ahead of the Autumn Statement.OEUK said statistical modelling…
OEUK Warns of Major Job Losses Without Urgent Windfall Tax Reform Read More »
Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia’s war against it could be yielding fruit.An end to the war in Ukraine could pave the way for the unwinding of Western sanct…
Oil Prices Fall as Ukraine Signals Support for Peace Deal Read More »