Offshore drilling contractor Shelf Drilling has approved a management transition plan that will see the current CEO David Mullen step down from the role, with Greg O’Brien taking his position from August 2024.Shelf Drilling has launched a search…
Seaway 7 and Dong Fang Offshore have signed a memorandum of understanding (MoU) outlining their intention to collaborate in offshore wind market in Taiwan, with a focus on cable installation.The collaboration will focus on developing a robust…
U.S.-based offshore drilling company Diamond Offshore has secured new contract with Serica Energy in UK and extension with BP in the Gulf of Mexico, adding $360 million of additional backlog.Diamond Offshore secured two-year contract extension with a subsidiary of BP in the U…
S&P downgraded Danish wind power giant Orsted to BBB on Wednesday, citing higher leverage on its balance sheet and major U.S. impairments in 2023 due to supply chain delays and higher costs.S&P said Orsted's business risk profile has weakened from last year…
Orsted, the world's biggest offshore wind farm developer, trimmed its investment and capacity targets on Wednesday and paused dividend payouts as part of a major review.The Danish company has battled to restore investor confidence after halting the development of two U…
Norwegian offshore wind vessel owner Edda Wind announced it has appointed Hermann Hovland Øverlie as its new chief financial officer (CFO) following the resignation of Tom Johan Austrheim. Øverlie will join Edda Wind March 1, 2024.Øverlie is…
U.S.-based oil and gas services firm Helix Energy Solutions has secured the extension of its decommissioning contract with Trident Energy for work offshore Brazil.The contract extension is for an additional 12 months and in direct continuation of the current contract…
Danish shipowner CBED has signed a contract with Hughes Subsea, a subsidiary of OEG Energy, for Wind Evolution’s first offshore project, just three weeks after acquiring the service operation vessel (SOV).With the new walk-to-work contract,…
NYK and JERA have signed a long-term charter contract for a new liquefied natural gas (LNG) carrier to be built in South Korea by Hyundai Samho Heavy Industries.The vessel will be delivered in 2027 and will be used to transport LNG for JERA…
The Norwegian Offshore Directorate has granted Neptune Energy Norge a drilling permit for the new exploration well at Duva field in the North Sea.The permit is for the 36/7-5 S wildcat well at Duva field (production license 636) which will be done using Deepsea Yantai semi-submersible drilling rig…
Deltic Energy has entered into an agreement with Dana Petroleum for the farm-out of its 25% interest in Shell-operated license containing the Selene Prospect in the North Sea.The transaction, in combination with the existing Shell UK carry,…
TotalEnergies and its partners have started the production from the Akpo West field on the PML2 license in Nigeria.Located 135 kilometers off the coast, Akpo West is tied back to the existing Akpo floating production storage and offloading (FPSO) facility…
The Norwegian oil and gas operator DNO has entered into an agreement to acquire a 25% interest in the Arran field on the UK Continental Shelf from ONE-Dyas.The transaction, made through DNO’s wholly-owned subsidiary DNO Exploration UK, is expected…
Oilfield services provider Danos has signed a new planning and scheduling contract with Shell Exploration and Production Company, a subsidiary of Shell.The agreement entrusts Danos to deploy a team of highly skilled personnel to support Shell’s upstream operations…
French energy major TotalEnergies and offshore drillship operator Vantage Drilling have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship.Pursuant to the terms of the agreement…