A Scottish court has invalidated Britain's approvals for two major North Sea oil and gas projects, delivering a significant victory to environmental groups and raising uncertainty over future fossil fuel developments in the UK.The Court of Session in Edinburgh found that the government had unlawfully granted approval for Shell's Jackdaw gas field and Equinor's Rosebank oil and gas field by
Philly Shipyard on Monday held a steel-cutting ceremony to signal the start of construction on the first of three new Aloha Class liquefied natural gas (LNG)-fueled containerships to be built for U.S. ocean carrier Matson. Matson placed the $1 billion three-ship order with Philly Shipyard in 2022 following the deliveries of Aloha-class vessels Daniel K.
South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million).The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before Hanwha's earlier offer of S$0.60 per share was disclosed.
The Danish government today presented its Global Strategy for Maritime Security supported by the Ministry of Defence, the Ministry of Industry, Trade and Industry, the Ministry of Foreign Affairs and the Ministry of Justice.The strategy focuses on international challenges to maritime security and outlines three overarching principles for Denmark's work to secure the right to freedom of
The keel for the future USS William Charette (DDG 130), an Arleigh Burke-class guided-missile destroyer, was ceremoniously laid on August 29 at General Dynamics Bath Iron Works (BIW) in Bath, Maine. The warship is scheduled for delivery to the U.S. Navy in 2026.Named after Medal of Honor recipient Master Chief Hospital Corpsman William R.