Saipem Milestone in Guyana Yellowtail Project
Saipem reports it has successfully completed its designated scope of work for the development of the Yellowtail field, operated by ExxonMobil Guyana Ltd., locatedin approximately 1,800m of water within the Stabroek Block offshore Guyana.Awarded the contract in 2022, Saipem undertook the Engineering, Procurement, Construction, and Installation (EPCI) of the Subsea Umbilical, Riser, andFlowline (SURF) system for the Yellowtail field.
After its own Ships Collide, China Accuses Philippine Vessels of "Dangerous Maneuvers"
China's defence ministry accused Philippine Coast Guard vessels on Friday of "dangerous manoeuvres" in response to reports of a collision earlier this week between two Chinese vessels near Scarborough Shoal in the disputed South China Sea.The Philippine vessels' actions "seriously endangered the safety of Chinese vessels and personnel," ministry spokesperson Jiang Bin.Jiang neither confirmed nor denied…
Ship Recyclers “Drip Fed” Tonnage
As top EU leaders also plan to meet with US president Trump on Monday and seek a path to end the Ukraine war, oil fell nearly 2% last week, reports cash buyer GMS.It closing it out at $62.80/barrel even though the easing of sanctions could see oil trade ease in the coming weeks and traders remained bearish about the future.As oil becomes cheaper and tariffs / sanctions start to hit globally, the Baltic Exchange’s Dry Index saw another week of growth as it rose 0.25%…
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