Eidesvik Offshore orders CSV newbuild at Sefine Shipyard

Japan Tests Deep Seabed Mining of Rare-Earth Mud

Japan will conduct test mining of rare-earth-rich mud from the deep seabed off Minamitori Island, some 1,900 kilometres (1,180 miles) southeast of Tokyo, from January 11 to February 14, the head of

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Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025

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Maduro Suggests Talks with U.S. on Drugs, Oil

Venezuela's President Nicolas Maduro has extended an olive branch to U.S. President Donald Trump, proposing serious talks on combating drug trafficking and offering U.S. companies ready access to Venezuelan oil.Maduro said Venezuela

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Taiwan on Alert As China Withdraws Ships from Military Drill

Taiwan remained on high alert on Wednesday after China staged massive military drills around the island the previous day, keeping its emergency maritime response centre running as it monitored Chinese naval manoeuvres,

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Finland Detains Vessel Suspected of Subsea Cable Damage

Finnish police on Wednesday seized a ship sailing from Russia on suspicion of sabotaging an undersea telecoms cable running from Helsinki to Estonia across the Gulf of Finland, an area hit by

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Fincantieri’s WASS Bags $235M Torpedo Order from Indian Navy

Fincantieri, via its subsidiary WASS Submarine Systems, has secured a contract from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for six Scorpène-class submarines in service with the fleet.The

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Oil Tankers Arrive in Venezuela Despite US Blockade

At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run PDVSA's effort to expand floating storage and

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Russian Oil Exporters Struggle to Stay Afloat as Discounts Deepen

Discounts on Russian oil at export terminals have once again approached historic highs, putting pressure on exporters' trade profits amid weak global oil prices, Reuters calculations show.Western sanctions over Russia's military action

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Oil Prices Stabilize as Russia-Ukraine Peace Hopes Fade, Yemen Tensions Rise

Oil prices were little changed on Tuesday as investors took stock of dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen.Brent crude futures for February delivery,