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Vestas Plans $290M Nacelle Factory in Scotland

Mar 25, 2026

Vestas has announced plans to build a nacelle and hub assembly factory in Scotland to support growing offshore wind demand in the U.K. and Europe.The proposed facility, with an investment exceeding $290 million, would manufacture nacelles and hubs for the company’s V236-15…

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Mar 25, 2026

Oil prices sank about 4% on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war in the Middle East, raising prospects of a ceasefire that could ease supply disruptions in the region.Brent crude futures LCOc1 fell $4…

Danish Investors Back Resolution Against Nordea over Arctic Oil Production

Mar 24, 2026

At least three Danish institutional investors support a shareholder resolution urging Nordea, the Nordic region's biggest bank, to stop financing companies expanding Arctic oil and gas production due to environmental risks.Pension funds Akademiker…

Equinor Kicks Off Drilling Ops at Brazil's Raia Offshore Project

Mar 24, 2026

Norway's Equinor has begun drilling producer and injector wells for its offshore Raia natural gas project in Brazil, while also planning fresh exploratory activities in the South American nation, its top executive in the country told Reuters…

Oil Rises as Iran Denies US Talks, Supply Risks Persist

Mar 24, 2026

Oil prices rose on Tuesday on supply fear, as Iran denied it had talks with the United States to end the war in the Gulf, contradicting U.S. President Donald Trump who said a deal could be reached soon.Brent futures LCOc1 rose $2.89, or 2.9%…

Current News

Middle East Conflict Jolts Offshore Drilling Market

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

US-Israel War on Iran Creates Biggest Energy Crisis in History

US-Israel War on Iran Creates Biggest Energy Crisis in History

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Oil Flows to Lag Even if Hormuz Strait Reopens

Oil Flows to Lag Even if Hormuz Strait Reopens

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