EU chief negotiator calls for calm and focus on fragile Brexit
Negotiators last week agreed on a draft for an exit arrangement between the EU and Great Britain, which has decided to leave the union.
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Negotiators last week agreed on a draft for an exit arrangement between the EU and Great Britain, which has decided to leave the union.
The European Union and the UK have agreed on a draft Brexit deal. Now Prime Minister Theresa May's Cabinet must decide whether to back it or resign. EU officials caution that the deal is not settled until it is cleared in London.
The European Union and the UK look set to miss a key milestone this week in the talks to settle a Brexit deal as talks ended in stalemate on Sunday, sources say.
The EU's chief negotiator Michel Barnier reached out to his British counterparts Tuesday in an attempt to find out how to set up the Irish border after Brexit. But the two parties still insist on different solutions.
Equity fund Hitec Vision plans to spend more than a billion dollars acquiring oil fields in the British part of the North Sea. Massive cost reductions have made the market attractive, says the investment director.
Premier Oil and Perenco are buying stakes in a UK oil field from Maersk.
Offshore carriers and salvage companies can look forward to a larger billion-dollar market for the decommissioning of rigs on the UK Continental Shelf ahead of 2024, shows a new report from Oil & Gas UK. A total of 47 new projects are included in the latest survey.
UK coal imports have plunged over the course of 2016, and this could mark a trend for other countries to follow, notes the international industry association Bimco.
The sale of Royal Bank of Scotland's Greek shipping portfolio is now on hold after the UK voted to leave the EU in a referendum in June. Reuters reports that Credit Suisse and China Merchant have gone into deliberation-mode.
The UK's decision to leave the EU raises several questions concerning the future sulfur regulations in the region. The International Bunker Industry Association has looked into the matter.
Dutch Boskalis has won an order to deliver all elements except for the turbines to an offshore wind farm off Aberdeen.
Siem Offshore has won an order to deliver and install the cable system for British wind farm Beatrice.
Listed shipping, logistics and transport companies are diving on the stock market after the UK's decision to leave the EU became official Friday morning. The move has a strong impact on players such as DFDS with big business in the UK.
Neither wind turbines nor power plants at Dong will take a blow from the UK's decision to leave the EU. At least not right away. Currencies will be hit hard but the impact will be limited by a coverage of foreign exchange risks, says the company.
London's reputation as a global hub for ship-financing as well as brokerage and insurance business is at risk if the British people vote the country out of the European Union, warn British shipping leaders according to the Wall Street Journal.
Dong Energy moves forward to build the 1.2 GW Hornsea Project. Siemens Wind Power will supply the turbines.
Although considered one of the global shipping hubs, London's maritime cluster is threatened by a significant drop in the country's shipping register. Last year alone, the number of flagged ships dropped by 17 percent.
Great Britain is now entering what looks like a North European race to ensure optimal framework conditions, with growth teams and a UK government that "will pull out all the stops" to maintain the British maritime cluster.
According to a new report from Oil & Gas UK, investments in the North Sea will be drastically reduced over the coming two years due to the drop in oil prices.
A wave of 3D-printed ships and futuristic equipment may become a reality for the British fleet by 2030, according to a new report which points to similar prospects for the commercial fleet.
The sliding oil price has especially hit operators in the North Sea, who were already working with the highest operating costs in the sector, according to a new British authority.
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