By Richard Gunn and Julia Cyrson, Reed Smith LLPIn the largest penalty the International Tribunal for the Law of the Sea (ITLOS) has ever levied, a Special Chamber ruled unanimously against Equatorial Guinea on May 27, 2026, ordering it to pay over €14 million in damages to the Republic of the Marshall Islands for the unlawful seizure of a commercial tanker and detention of its multinational crew.
The U.S. Army Corps of Engineers Galveston District and Port Freeport recognized a milestone in the Freeport Harbor Channel Improvement Project during a ribbon-cutting ceremony July 28, 2026.The federal navigation project deepens and partially widens the harbor channel, enhances the upper turning basin and eases the lower channel bend.
U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and after the release of a federal report showing last week's storage build was much bigger than expected.
The Greater Houston Port Bureau Board of Directors has announced the promotion of Corrina Ott to Vice President. Ott joined the Port Bureau in April 2025 and has been responsible for managing the Port Bureau’s Efficiency and Dredging Committee’s as well as maintaining the Port Bureau’s links with industry and Federal Partners.
Maraen has approved plans for more than $40 million (£30 million) investment for the upgrades at the Port of Nigg, following the integration of three energy businesses under a new brand.Maraen combines the capabilities of Port of Nigg, Global Energy (Group) and Global Energy Services, after their acquisition by Mitsui & Co. Europe and Mitsui O.S.K. Lines (MOL) in 2025.
Nippon Paint Marine, a marine coatings leader, has supplied its self-indicating epoxy coating NOA 60 HS, to protect two new floating dry docks for Grand Bahama Shipyard. The floating docks have a combined total of around 1.2 million square meters of surface to be protected. This equates to the area of over 168 full size FIFA football pitches.
Asian spot liquefied natural gas prices started the year steady, as muted regional demand and ample supply kept the market flat following a 34% slump in 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 per million British thermal units (mmBtu), unchanged from the previous week, industry sources said.
Energy services company Global Energy Group has rebranded as Global and unveiled plans to build a new 2,000 square meter headquarters in Inverness as part of its strategy to grow turnover from $400 million to $670 million within three years.Group companies, Global Port Services, Global Crane Services, Global Wind Projects, Global Infrastructure
Oil transportation and storage company Sentinel Midstream said on Tuesday it would immediately begin construction of its deepwater oil export project off the Texas coast, marking the first development of a large-scale export project in the United States in years.Sentinel expects to begin commercial operations of the Texas GulfLink system by the fourth quarter of 2028, said Bruce Heine
Supply disruptions linked to the U.S.-Israeli war on Iran could delay construction of liquefied natural gas projects slated for development in the U.S., Freeport LNG CEO Michael Smith said on Wednesday at the CERAWeek energy conference in Houston.The U.S. is the world’s largest LNG exporter and has more new capacity under construction than any other country.
U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement aimed at countering China on Monday at a meeting marked by Trump's jab at Australia's envoy to the United States over past criticism.China loomed large at the first White House summit between Trump and Albanese, with the U.S.