The S&P Global UK Manufacturing PMI rose to 53.9 in May 2026 compared with initial estimates and April’s 53.7, marking the strongest expansion since May 2022. Output grew at a three-month high, led by intermediate and investment goods, while new orders rose for a sixth straight month on stronger…
The UK’s largest offshore trade union, Unite, has revealed that its members employed by Bilfinger on North Sea assets operated by Ithaca Energy will strike in June over pay. Bilfinger refused to extend a retention bonus to around 20 workers on the Alba FSU and its floating production facility …
North American refined product markets have tightened further in recent weeks, with inventories falling to fresh lows and export flows accelerating beyond already-elevated levels, as the ongoing disruption to Middle East supply continues to reverberate through global trade, according to S&P Glob…
The government is in the process of finalising a new policy for coal gasification-based urea manufacturing and will be ready within a month, an official said, highlighting that the move will boost self-reliance and save foreign exchange, given the country’s heavy dependence on imported natural…
Dutch floater expert SBM Offshore and Norwegian vessel owner Solstad Offshore have formed a joint venture that has entered a letter of intent with a selected shipyard to order a newbuild multi-purpose deepwater installation and construction vessel. The new vessel, with a delivery set for the first h…
Dutch surveyor Fugro has secured a two-year environmental services contract with EirGrid, Ireland’s state-owned electricity transmission operator, to deliver long-term marine mammal monitoring along Ireland’s south coast. The work will support EirGrid’s Powering Up Offshore – South Coast programme, …
Dutch floater expert SBM Offshore has been awarded contracts by Brazilian state-owned oil and gas giant Petrobras for two FPSO projects located in the Sergipe-Alagoas basin off Brazil. Under these contracts, SBM Offshore will design, build and operate FPSOs SEAP-I and SEAP-II. The consortia led by P…
Norwegian shipowner Knutsen Group has firmed up another LNG carrier order at South Korea’s Hanwha Ocean, further expanding one of the industry’s fastest-growing LNG fleets. Hanwha Ocean disclosed on Friday that it had signed a contract worth about $250m for a single 174,000 cu m newbuild…
