Borr Drilling Limited (NYSE, OSE: BORR) delivered strong financial performance in the fourth quarter of 2024, reporting a net income of $26.3 million, up 171% from the previous quarter, and total operating revenues of $263.1 million, marking a 9% increase…
Enefit Green and Sumitomo Corporation have signed an agreement which outlines the start of strategic partnership for developing the first offshore wind farm in the Gulf of Riga in the Baltic Sea.Under the agreement, Enefit Green will sell 50%…
Investment group Eurazeo has made a $73.1 million investment in MPC OSE Offshore, a joint venture established by MPC Capital and German offshore services firm O.S. Energy, with the aim of building and managing new service operations vessels (SOVs) for offshore wind farms…
Thermoplastic composite pipe (TCP) manufacturer Strohm, and provider of subsea connection systems UNITECH Offshore have signed a memorandum of understanding (MoU) to develop and commercialize an integrated system for the transportation of fluids and gases…
Energy industry services firm EnerMech has secured a five-year contract extension to provide North Oil Company (NOC) with leak testing and flange management services at Al Shaheen oil field, offshore Qatar.The contract extension for the Al Shaheen Oil Field for NOC…
Yinson Production has completed the acquisition of Norway-based carbon capture and storage (CCS) company Stella Maris CCS from Altera Infrastructure.Stella Maris is developing a full CCS value chain, including carbon capture, intermediate storage…
French ship owner Louis Dreyfus Armateurs (LDA) has selected SALT as the naval architect and Shanghai Zhenhua Heavy Industries Company (ZPMC) as the shipyard for the construction of three new service operation vessels (SOVs) ordered by Vattenfall…
Tokyo Gas said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natural gas outside Japan by acquiring a 20% stake in Philippines' FGEN LNG, a unit of First Gen Corp.Financial terms of the deal for the stake in FGEN LNG…
The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from Singapore on its route to the South American country's waters, according to a company executive and LSEG vessel tracking data seen on Tuesday…
Norwegian offshore supply vessel operator DOF Group has secured contracts for two subsea construction projects which will be executed with its Skandi Implementer subsea vessel.Skandi Implementer, which recently departed Mexico following contract termination after payment default from a client…
Offshore accommodation rig provider Prosafe has signed an agreement with an undisclosed party for the sale of its Safe Concordia semi-submersible flotel.Prosafe signed the deal through its wholly-owned subsidiary for the gross price of $5 million before commissions and expenses…
Norwegian seismic firm TGS has secured a new multi-client 3D streamer acquisition and processing project in the Goliat area of the Norwegian Barents Sea.The new GeoStreamer survey will span up to 1,600 square kilometers over recent discoveries such as Countach…
Scana-owned Seasystems has signed a contract for the delivery of mooring equipment to a floating liquefied natural gas (FLNG) project, worth up to $6.7 million.The delivery consists of mooring equipment such as chain stoppers, chain handling systems…
Offshore drilling company Valaris has decided to retire three semi-submersible drilling rigs from its fleet as part of its fleet rationalization efforts, which also included the sale of one jack-up rig for $24 million.The semi-submersible rigs to be retired from Valaris fleet are VALARIS DPS-5…
Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a fertilizer plant and potentially a refinery in the South American country, Dominican President Luis Abinader said on Tuesday…