Yemen's Iran-aligned Houthis on Friday reached the strategic island of Perim in the Bab el-Mandeb Strait, four Yemeni government sources told Reuters, potentially tightening their grip on one of the world's vital shipping routes and further increasing the threat to energy markets in the widening Middle East war.
Sweden will order four navy frigates from France's Naval Group in a $4 billion deal that will triple its air defence capacity as the new NATO member focuses on security threats in the Baltic Sea, its prime minister said on Tuesday.Sweden is racing to build up its military in the wake of Russia's invasion of Ukraine and the Nordic country's subsequent accession to NATO
Yemen's Iran-aligned Houthis launched a new attack on Saudi Arabia on Monday and Gulf Arab states postponed planned talks with Iran, underscoring fears that the Middle East conflict could spread further and threaten global oil supplies.U.S. President Donald Trump said Iran wanted to reach a deal with Washington, signalling a possible diplomatic opening despite the widening regional tensions.
VINGA vessel naming ceremony and 40 years of design collaborationcutFOLDER-VINGA-serien-webb.pdf [Full background and tech spec - MR DEC 2026cutVinga VesselA newly built tanker in Furetank's VINGA series will be named at the Port of Uddevalla on 28 August. The vessel was designed by Furetank and FKAB Marine Design, the cumulative of 40 years of vessel design collaboration.
Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects.A proposal by the opposition Conservative Party seeking financial scrutiny of a 35 billion Norwegian crowns ($3.
Norway's government said it expects the state to earn 721.1 billion crowns ($78.71 billion) this year in revenue from oil and gas production, up from $60.7B initially forecast, as the Iran war pushes up energy prices.Norway produces around 4 million barrels of oil equivalent per day
Norway's Kongsberg Gruppen reported a bigger than expected rise in operating profit for the fourth quarter and said its order backlog had increased by 11% in the final three months of 2025.Earnings before interest and tax rose by 42% to 2.46 billion Norwegian crowns ($251.57 million) in the October to December quarter from the same period of 2024, beating the 2.
Swedish exports to the United States could fall by as much as 28% if President Donald Trump carries out his threat to impose additional tariffs on Sweden and some industrial sectors could see a decline of 50%, Sweden's Board of Trade said on Tuesday.Trump has threatened tariffs on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands
JERA Nex bp is acquiring EnBW’s stake in the Mona Offshore Wind Farm and has signed a lease agreement with The Crown Estate for the project, marking an important milestone for the company and for the UK’s offshore wind ambitions.This is a significant step towards final investment decision for the project which, once operational, could deliver up 1.5GW of clean energy to the UK.
Sweden will spend 4 billion crowns ($437 million) on unmanned drone systems to be delivered over the next two years, the country's Defence Minister Pal Jonson said on Monday.The NATO member will buy unmanned systems including long-range attack drones, electronic warfare systems and surveillance drones as well as marine surveillance and minesweeping drones.
Sweden will choose a supplier for its multi-billion Swedish crown acquisition of four new frigates early next year, the defence minister said on Monday.Sweden is in an intense buildup of its forces in the wake of Russia's invasion of Ukraine and is looking to increase its navy fleet with bigger ships.
Denmark's Orsted and Vestas, two of the world's top offshore wind power groups, urged European nations on Wednesday to speed up permitting, improve auction terms and invest in power grids to deliver their potential for strong growth in the sector.The offshore wind industry, facing a near-frozen U.S.