Delay-induced clouds over UK’s oil & gas decom realm warn of billions in extra costs and fines

With the backlog of wells due for decommissioning on the rise, the UK’s regulator, the North Sea Transition Authority (NSTA), has issued a stark warning to operators on the UK Continental Shelf (UKCS), urging them to take steps to decommission permanently inactive wells now to stave off a future scenario where they, alongside taxpayers, will need …

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Germany’s SEFE and UAE’s ADNOC Gas strengthen energy ties with LNG deal

Germany’s Securing Energy for Europe (SEFE) has expanded its liquefied natural gas (LNG) arsenal through a multi-year LNG supply agreement with ADNOC Gas, a subsidiary of the UAE-headquartered ADNOC, bolstering Europe’s energy security. The post Germany’s SEFE and UAE’s ADNOC Gas strengthen energy ties with LNG deal appeared first on Offshore Energy.

Tariffs and trade tensions dominate global shipping in first half of 2025

New US tariffs and escalating global trade tensions have reshaped vessel markets in the first half of 2025, curbing investment in some sectors while accelerating strategic orders in others, according to the Half-Year Market Report by Veson Nautical, a leading provider of maritime freight management solutions and data intelligence. The report states that US trade policy changes …

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Spike in armed robbery incidents raises concerns for vital Singapore Strait trade route – ICC – Commercial Crime Services

Critical shipping route handling 30% of global trade flows sees surge in armed robbery incidents. The ICC International Maritime Bureau (IMB) Piracy Reporting Centre is urging caution following a rise in armed robbery incidents in the Singapore Straits. Globally, the crime of piracy and armed robbery reached 90 reported incidents, a 50% increase compared to …

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