Brazilian oil company Petrobras has awarded a 4-year contract to CIMC and OOS International for the OOS Tiradentes semi-submersible accommodation rig.Under the contract, the accommodation rig will be used to provide safety and maintenance support offshore of Brazil from April 2023 onwards.The four-year contract award follows on from two long-term contracts previously awarded by Petrobras in 2018 and 2019 to the same vessel…
Investors have stepped up pressure on Norway's state-backed oil and gas company Equinor to cut its carbon emissions more quickly by holding the first direct talks with the government. The group of investors, which advise on or manage more than $2 trillion in assets…
ODE Asset Management said Thursday it had started a 9-month charter of the VOS Glamour multi-purpose vessel managed by Vroon Offshore Services.VOS Glamour will undertake emergency response and multi-role duties across ODE AM’s managed assets in the UK's southern North Sea…
European banks risk jeopardizing the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday…
Energy industry logistics provider Peterson said Thursday it had won a three-year contract with ODE Asset Management (ODE AM) to provide integrated logistics services from the Port of Lowestoft in the UK.Peterson will provide quayside services…
China-based CIMC’s Asset Management Company has secured three-year contract extensions for two jack-up drilling rigs in Mexico.The rigs, Gulf Driller VI and Gulf Driller VIII , will continue working for the Mexican national oil company Pemex…
Subsea services and technology firm Oceaneering will use the Inspection Data Management Software (IDMS) platform provided by Austin-based software firm HUVRdata (HUVR) to enhance its current Integrity Management offerings. 'The arrangement…
Aberdeen-based PD&MS Group has won a three-year operations and maintenance (O&M) contract with Vattenfall to support its offshore wind farms in Europe.The contract, of an undisclosed sum, will see the engineering, procurement, construction and commissioning (EPCC) specialist providing support…
Iberdrola Group company AVANGRID has finalized an agreement to take over responsibility as the operations and management services provider for Vineyard Wind 1, the U.S.' first commercial-scale offshore wind project. The agreements include an…
Harbour Energy said on Friday that largest shareholder, EIG Asset Management, has distributed some of its stake in North Sea's biggest oil and gas producer to existing investors, resulting in a dilution in its holding to 16% from 37%.The share…
Norwegian company TGS has acquired Prediktor AS, a provider of asset management and real-time data management solutions to renewable and energy asset owners.'Established in 1995, the company has carried out thousands of installations on mission…
Australian oil and gas company FAR Limited said Monday it would withdraw from its offshore blocks in Guinea Bissau after failed farm-out attempts. Separately, FAR said that STAM's takeover offer for FAR had closed, without the offer conditions being satisfied…
Meridian Capital International Fund, a 19.28% shareholder of Africa-focused oil explorer FAR Limited, has rejected the takeover bid for Far launched earlier this week by Samuel Terry Asset Management.Earlier this week, Samuel Terry Asset Management…
Samuel Terry Asset Management Pty Ltd has launched a takeover offer for W. Africa-focused oil and gas company FAR.Samuel Terry Asset Management Pty Ltd as trustee for Samuel Terry Absolute Return Active Fund launched an offer to acquire FAR’s shares at 45c cash per share…
Add Energy, an asset management consultancy, service, and software provider, has been hired by an unnamed 'leading FPSO operator' to complete the master data and maintenance management regime build within the company’s computerized maintenance management system (CMMS) for its new FPSO…
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