French offshore wind farms to curb production during negative prices
The French government and two offshore wind developers have amended their power purchase agreements, which will enable the shutdown of offshore wind farms durin...
General News
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Fugro bags work on deepwater gas field in Southeast Asia
Dutch surveyor Fugro has signed a letter of award to perform a site characterisation programme for a deepwater gas field development in Southeast Asia.According...
Federal court blocks Trump’s tariffs
In the latest twist in the trade war unleashed by Donald Trump, an American federal court has blocked the president’s sweeping tariffs.The Court of Internatio...
CIP sells minority stake in wind project off the Philippines
Acen, part of the Ayala group, has signed definitive agreements with Copenhagen Infrastructure Partners (CIP) to acquire a 25% minority stake in the proposed of...
China United Lines reenters booming transpacific trades
China United Lines (CUL) is making the most of the boom times suddenly being seen on the transpacific, with news from Linerlytica, a consultancy, that it reente...
Trump allows Equinor to resume work on wind project off New York
The Trump administration has allowed the restart of the $5bn Empire Wind project off the coast of Long Island, allowing construction activities to resume.The pr...
Rodolphe Saadé takes stake in French cinema giant
CMA CGM head Rodolphe Saadé’s sprawling media empire has another marquee brand. Merit France, Saadé’s family holding, has taken a 20% stake in...
U.S. and China slash tariffs in major trade breakthrough
The United States and China have agreed to suspend the majority of tariffs on each other’s goods, signaling a significant easing of trade tensions between the...
Valaris rig told to stop drilling at Santos’ gas project over blowout concerns
Australia’s offshore safety regulator NOPSEMA has ordered driller Valaris to stop drilling at the Barossa gas field 300 km north of Darwin over concerns regar...
ARO Drilling agrees extensions for five jackups with Saudi Aramco
ARO Drilling, a joint venture of New York-listed offshore driller Valaris, has signed extensions for five jackup rigs with Saudi giant Aramco.The extensions, al...
18 US states suing Trump over shutdown of wind projects
A total of 18 attorneys general filed a lawsuit in federal court challenging US president Donald Trump’s order to shut down offshore wind projects, stating th...
Konecranes Lift Trucks inks distributor deal with Terberg Tractors Belgium
Konecranes Lift Trucks has entered a new distributor agreement with Terberg Tractors Belgium, enhancing its presence in the Belgian material handling equipment ...