Philippines Alleges Chinese Interference in South China Sea Resupply Mission
The Philippine military claims that Chinese vessels obstructed a resupply operation at Second Thomas Shoal, marking the first hostile incident since an agreement in 2024, escalating tensions in the region.
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Venezuelan Oil Sales Stagnate Amid Rising Freight Costs
The sharp increase in shipping expenses has created hurdles for state oil company PDVSA and buyers, complicating negotiations as Venezuelan crude becomes less competitive against Canadian alternatives.
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Subsea 7 Secures Extension for Turkish FPU Installation Project
The extension enhances Subsea 7's role in the Sakarya Phase 3 gas development, focusing on critical towing and mooring operations for the second floating production unit.
