Seatrium Limited has announced that it has entered into a binding agreement with Brazilian vessel operator, Posidonia Shipping and Trading Ltda, an unrelated third party, to sell 100% equity interest in its indirect wholly-owned subsidiary, Guanabara Navegação Ltda (GNL)…
THREE60 Energy, a leader in the global energy services sector, has announced a step in its Middle East growth strategy with the acquisition of Total Vision (TV), a multidisciplinary engineering and project management services provider in Abu Dhabi…
ABL has received an award of work order from Chevron Thailand Exploration and Production, Ltd., Chevron Offshore (Thailand) Ltd. and Chevron Pattani Limited to provide marine warranty survey (MWS) and third-party support services in connection…
Aker Solutions has secured a sizeable1 four-year contract extension to provide onshore and offshore inspection services. The extension follows the customer’s decision to exercise an option included in the current agreement.Aker Solutions will…
LLOG Exploration Offshore is exploring a potential sale, which may value one of the largest privately held oil and gas producers in the U.S. Gulf at more than $3 billion including debt, people familiar with the matter said.The Covington, Louisiana…
Pakistan said it has awarded 23 offshore exploration blocks to four consortiums led by local energy companies, some partnered with foreign firms including Turkey's national oil company TPAO.In Pakistan's first such bidding round in nearly two decades…
Emerson, an industrial technology leader delivering automation solutions, has launched the world’s first native WirelessHART non-contacting radar level transmitter. The Rosemount 3408 Wireless Level Transmitter – Non-Contacting Radar reduces the complexity…
Oil and gas have not only fueled economies but created rivalries, territorial disputes and wars. In the last one hundred years or so, since petroleum resources have been commercially extracted it is central to numerous armed conflicts. Some notable examples…
Offshore drilling contractor Northern Ocean has secured a contract extension with Equinor for Deepsea Bollsta semi-submersible drilling rig, which will be put to work on Johan Sverdrup, one of Norway’s most important offshore developments.The…
French tubular solutions supplier Vallourec has secured a contract with TechnipFMC to supply line pipes for the Orca project, formerly known as Gato do Mato, a major Shell-operated deepwater development in Brazil’s Santos Basin.The integrated contract covers more than 20…
Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, has signed an agreement with the German shipyard Lloyd Werft for the delivery of complete automation and power management systems to a Platform Supply Vessel (PSV) currently being converted into a research vessel…
Japan’s Kansai Electric Power Co. (KEPCO) has signed a share subscription agreement with Ireland’s Simply Blue Group’s offshore wind development arm, Simply Blue Energy OSW (SBE OSW).The strategic investment marks KEPCO’s first investment involving…
OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured two sizeable engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP) for two deepwater projects offshore Malaysia…
TotalEnergies reported a 2.4% drop in third-quarter earnings on Thursday, meeting expectations as the French oil major raised upstream production and achieved improved crude refining margins to help offset lower oil prices.Adjusted net income slipped to $4…
Dutch geological data specialist Fugro reported stronger-than-expected core earnings on Friday, but cautioned that worsening conditions in the offshore wind sector and tighter spending by energy firms could weigh on its performance in the final quarter…
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