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HomePress

Press

Press Releases

Big Oil Companies

Shell taps Subsea 7 for work on gas field off Trinidad and Tobago

June 9, 2025 Mariel Alumit

Subsea 7 Offshore engineering and services player Subsea 7 has won a contract for work on Shell’s Aphrodite gas project offshore Trinidad and Tobago. The project involves the transportation and installation of subsea equipment at […]

Electric Vehicles

Salvors unable to reach fire-stricken Morning Midas until Monday

June 6, 2025 Mariel Alumit

ENB Pub Note: This is an ecological disaster, potentially unfolding. Current Status and Mitigation Crew Safety: All 22 crew members were safely evacuated, and no injuries have been reported, reducing immediate human risk. Response Efforts: […]

Crude Oil News

Red Sea Shipping Rebounds: Oil and LNG Flows Rise Amid Houthi Ceasefire

June 6, 2025 Stu Turley

The Red Sea, a critical artery for global energy trade, is witnessing a resurgence in oil and liquefied natural gas (LNG) shipping following a slowdown in Houthi attacks. Since November 2023, Yemen’s Iran-backed Houthi rebels […]

Exports

Historic surge on the transpacific buoys liner profits

June 6, 2025 Stu Turley

Drewry’s weekly World Container Index (WCI) increased 41% to $3,527 per feu yesterday, the second highest leap dollars-wise since the index was created, with the busy transpacific leading the way once again amid a brief […]

ENB Pub Note

Allseas turns to nuclear power for offshore fleet

June 6, 2025 Stu Turley

ENB Pub Note: I am reaching out to their CEO to see about getting an interview for the Energy News Beat Podcast. Investments in this kind of technology and leadership will solve problems.  EuropeOffshore Marine […]

CLI
International News

Germany’s CLI books MPP newbuild at Royal Bodewes

June 5, 2025 Mariel Alumit

German shipping and logistics group CLI has contracted a multipurpose (MPP) newbuilding at Dutch yard Royal Bodewes. The deal with an undisclosed value covers an 8,500 dwt unit that has been designed to feature advanced […]

car carrier
Electric Vehicles

Smoke still seen rising from abandoned car carrier

June 5, 2025 Mariel Alumit

The 4,902 ceu car carrier Morning Midas, abandoned in the mid-Pacific after a fire broke out on a deck carrying electric vehicles, is now adrift with smoke still rising from the vessel. The manager of […]

SBM Offshore
Exploration and Production

SBM Offshore exits Equatorial Guinea following FPSO stake sale

June 5, 2025 Mariel Alumit

Dutch floater expert SBM Offshore has signed a share purchase agreement for the full divestment of its equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol. The company’s exit from Equatorial Guinea […]

Equinor
Finance

Equinor exercises $100m option for Transocean semisub

June 5, 2025 Mariel Alumit

Norwegian energy major Equinor has exercised a two-well option for one of Transocean’s semisubs. The option, exercised for the 2010-built Transocean Spitsbergen, will contribute approximately $100m in backlog, excluding additional services. The work on the […]

Fortescue
International News

Fortescue’s mission to champion ammonia goes global

June 5, 2025 Mariel Alumit

Mining giant Fortescue is on a worldwide campaign to reshape the future of maritime decarbonisation with its flagship vessel, the Fortescue Green Pioneer, at the helm of a push to establish green ammonia as the […]

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