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Finland's police said it was unlikely an explosion was the cause of the damage to Balticconnector.

Costs and fees could rise for shipping on the expanded Trans Mountain pipeline.

New Stratus Energy has entered into an MoU with EP Petroecuador to accelerate the development and production of its oil fields in blocks 43 and 31.

Aker BP and its partner Var Energi have started production at the Frosk field in the Alvheim area.

Production kicked off at the Bauge subsea field that is tied back to the Njord platform in the Norwegian Sea.

Tthe refinancing transaction provides it with 'a more stable financial platform, a strengthened balance sheet, a bifurcated capital structure and ample liquidity'.

The government has earmarked $325 million in grants for 15 projects advancing the development of LDES technologies.

Proman Stena Bulk, the Proman and Stena Bulk JV, saw its methanol-fuelled tankers become the first to bunker methanol in Ulsan, South Korea.

Proman Stena Bulk has taken delivery of the first methanol-powered newbuild - the 49,990 DWT Stena Pro Patria.

Terje Askvig has been appointed as the new CEO of Prosafe.