Offshore drilling contractor Transocean announced Wednesday that its wholly owned indirect subsidiary Transocean Poseidon commenced a private offering of $550 million in aggregate principal amount of senior secured notes due 2027.The net proceeds…
Total is an acknowledged subsea and deepwater exploration and production (E&P) pioneer, having begun to explore subsea technology in the late 1960s, and being one of the early players in the deepwater scene with the Girassol field located in Block 17…
Germany's Innogy is likely to sell a stake in its Sofia offshore wind project in Britain, once a subsidy is secured, the company's chief operating officer for renewables said.Innogy plans to enter the 1,200 megawatt Sofia project into Britain's next offshore wind subsidy auction in May…
Louisiana shipbuilder Gulf Craft has delivered the third vessel in a series of new class monohull fast support vessels (FSV) for SEACOR Marine.According to designer Incat Crowther, the vessel Libby L. McCall advances the traditional offshore support vessel model and offers a more cost efficient…
Subsea equipment rental, sales and services provider Ashtead Technology announced it has entered into a global strategic partnership with 4Subsea.Under the deal, Ashtead said it will add 4Subsea’s sensors to its portfolio for inspection, maintenance…
Petroleo Brasileiro SA (Petrobras) has received an unfavorable ruling from a tax court in a 1.7 billion reais ($445.70 million) dispute involving corporate tax charged in 2012 on overseas companies it controlled, the Brazilian state-run oil company said in a securities filing on Wednesday…
Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers Chevron, Norway's Equinor and Italy's Eni, industry sources said.Plans to expand Qatar's liquefied natural gas (LNG) facilities…
The global oil output cut should not be prolonged, the head of Russia's second biggest oil producer, Lukoil, said on Wednesday, Interfax news agency reported.Lukoil would have to cut its output by 30,000 barrels per day by April under the OPEC and non-OPEC oil deal…
China's state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation's petroleum output and reserves.The company plans to spend 70 billion to 80 billion yuan ($10…
The Carbon Trust's Offshore Wind Accelerator (OWA) issued a Request for Information (RFI) on the potential to reduce emissions and fuel consumption in offshore vessels. OWA plans to start a new industry competition next month.The RFI is the…
Global offshore drilling market accounted for $79.53 billion in 2017 and is expected to reach $152.47 billion by 2026 growing at a CAGR of 7.5%.Some of the important aspects that driven the market growth are huge investments on new offshore reserves and increasing demand for oil and gas…
The Chinese province of Jiangsu has approved 24 offshore wind power projects with a total capacity of 6.7 gigawatts (GW).The country's state press agency Xinhua reported citing sources with the State Grid Jiangsu Electric Power Company that the newly approved projects…
Denmark's Ørsted, the global leader in offshore wind, surpassed more than 7,500 international, billion-dollar companies to rank fourth in the Corporate Knights' 2019 index of the Global 100 Most Sustainable Corporations in the World.The ranking…
Cyprus-based offshore drilling services company SD Standard Drilling (SDSD) said that Standard Supporter, one of five large platform supply vessels (PSVs), has on 21 January commenced on a well contract, at levels well above operating cost…
Bureau Veritas has appointed Matthieu de Tugny as Executive Vice-President, Bureau Veritas Group to lead the Marine & Offshore Division (M&O).He will be a member of the Bureau Veritas Group Executive Committee reporting to Didier Michaud-Daniel…