Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…
Global Port Services, owned by Global Energy Group alongside the Port of Nigg, has said it has secured multiple contracts to support its client Seagreen Wind Energy Limited (SWEL), with site enabling works for the pre-assembly construction of…
Norwegian offshore vessel operator Solstad Offshore's Normand Naley and Sea Frost platform supply vessels have been awarded five-year contracts by Equinor in the UK.Both contracts, of an undisclosed value, will be in effect for five years, starting in January 2023…
As the dust settles from Wednesday's California floating wind auction, and developers begin to discuss their plans, energy industry intelligence firm Intelatus says development of the floating wind manufacturing and installation supply chain must speed up…
Oil and gas company Borders & Southern Petroleum said Thursday it had secured the extension of its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area, offshore the Falkland Islands.The offshore licenses were due to expire on the December 31…
The UK’s largest industrial union, Unite, said Thursday that around 146 members will begin strike action at the Petrofac Repsol installations on December 8 and 9, 'as a result of an ongoing, and increasingly bitter dispute over pay and working terms…
Oil and gas company Tullow Oil has appointed Richard Miller as Chief Financial Officer (CFO) and Executive Director of Tullow. Miller is currently Interim CFO and Group Financial Controller, effective January 1, 2023.Miller has been acting as…
Prosafe has signed a contract with Petrobras for the provision of the Safe Zephyrus semi-submersible accommodation rig for safety and maintenance support offshore Brazil. This will be Prosafe's third rig on a contract with Petrobras after Safe Notos and Safe Eurus…
Boston Consulting Group (BCG) a consultancy and advisor on decarbonization to the maritime industry, and maritime classification society American Bureau of Shipping (ABS), have signed a memorandum of understanding to combine their technical…
Deepwater drilling contractor Transocean said Wednesday it had secured contracts worth $1.04 billion in total for two of its ultra-deepwater drillships.The contracts are for the ultra-deepwater drillships, the Deepwater Corcovado and the Deepwater Orion…
Five developers selected to build the first floating wind farms in U.S. federal watersTo support the California Energy Commission’s planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035…
The U.S. government's first-ever sale of offshore wind development rights off the coast of California drew $757.1 million in high bids, mainly from European companies seeking a foothold in the U.S. wind-power industry's expansion to the Pacific Ocean…
Jack-up drilling rig contractor Shelf Drilling said Wednesday it had secured long term charters for two jack-up rigs in the Adriatic Sea with the Italian oil and gas giant Eni.Eni has awarded a three-year contract for the Shelf Drilling Resourceful jack-up rig…
Oil and gas company Valeura Energy has agreed to buy three offshore blocks in the Gulf of Thailand from Mubadala Petroleum's subsidiary, Busrakham Oil & Gas.Valeura will acquire operated interest in in three offshore licences in the Gulf of Thailand that include the Nong Yao (Licence G11/48)…
Well integrity and production optimization company Coretrax said Wednesday it had recently collaborated with Lee Energy Systems to deliver a one-trip solution for an unnamed 'major' operator’s plugging and abandonment (P&A) campaign in the Central North Sea…