Coal shipments to advanced economies expected to fall 2% to 23-year low

“We estimate that coal shipments to advanced economies will fall 2% y/y in 2025, reaching a 23-year low. This will be the third consecutive annual drop although the pace of decline has slowed compared to previous years. The contraction is primarily driven by weaker coking coal demand due to reduced steel production,” says Filipe Gouveia, Shipping Analysis …

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Russia’s oil supply strains continue to build after Nov 21

Russia’s seaborne crude exports surged in October, reaching the highest export level since the full-scale invasion of Ukraine at nearly 4mbd. Lower refinery runs amid maintenance and Ukrainian drone attacks freed up more crude supplies for export. However, with the November 21st deadline for Lukoil and Rosneft sanctions behind us, Russian crude will likely face …

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TGS prolongs geophysical data mission for Somalia’s offshore hydrocarbon basins

Norwegian energy data and intelligence company TGS has struck a deal with the government of Somalia to extend its assignment to market and license offshore geophysical data for the African country’s acreage, said to be among the world’s most under-explored regions. The post TGS prolongs geophysical data mission for Somalia’s offshore hydrocarbon basins appeared first …

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DeepOcean winding down North Sea FPSO disconnection gig for TotalEnergies

DeepOcean is close to crossing the finish line for an assignment in the North Sea, which entails the disconnection and tow of a floating production, storage, and offloading (FPSO) vessel, alongside the removal of associated subsea infrastructure on the UK Continental Shelf (UKCS). The post DeepOcean winding down North Sea FPSO disconnection gig for TotalEnergies …

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Keel laying for third out of 20 planned jack-ups done, with fourth rig in the pipeline

Aside from a deal to build a fourth jack-up in a series of 20 planned newbuild Saudi-operated and manufactured offshore rigs, which has been signed by International Maritime Industries (IMI) and ARO Drilling, a 50/50 joint venture between Valaris and Aramco, a keel laying ceremony has been held for a third jack-up in the same …

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Italy’s Milan-Montalto subsea cable link’s authorization on the cards in mid-2026

Italy’s transmission system operator (TSO) Terna is getting ready to disclose the results of public input on its new project, envisioned to connect Lazio and Lombardy via a route of around 500 kilometers, integrating renewables and increasing energy transport capacity. The post Italy’s Milan-Montalto subsea cable link’s authorization on the cards in mid-2026 appeared first on …

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NKT widens production capacity at its cable accessories factory in Germany

Danish power cable manufacturer and installation firm NKT has embarked on a mission to expand production capacity at its cable accessories site in Nordenham, Germany, to meet the continued high demand for medium-voltage power cable accessories in Europe. The post NKT widens production capacity at its cable accessories factory in Germany appeared first on Offshore Energy.

El presidente de la Autoridad Portuaria de Bilbao defiende la descarbonización como factor de competitividad en BBC Business Today

El presidente de la Autoridad Portuaria de Bilbao, Ivan Jimenez, ha abogado por avanzar hacia la autosuficiencia energética de los puertos en una entrevista concedida a BBC Business Today con motivo de la celebración de la COP30 de Brasil. El programa económico de mayor audiencia global de BBC World News – la cadena internacional de …

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