U.S. offshore vessel provider Seacor Marine will buy the remaining 50% stake in Seacosco from China's Cosco.Seacor will pay $28.15 million in installments, and the transaction is expected to close in June 2020.With the acquisition, Seacor will…
Norwegian offshore support vessel operator Eidesvik Offshore has secured contracts for two of its offshore vessels with the Norwegian oil firm Aker BP.Aker BP has awarded Eidesvik's LNG-powered platform supply vessel Viking Lady a four-month contract extension…
Norway's Kongsberg Maritime has signed its first contract for its ROV launch & recovery system (LARS) specifically designed to handle remotely operated vehicles (ROVs) from unmanned vessels.The contract has been signed with Ocean Infinity, who…
Italian oil major Eni said on Thursday it was creating a division to focus on renewable energy, as part of a corporate reorganization.The overhaul, which Reuters reported on Wednesday, follows industry-wide upheaval as the coronavirus pandemic…
British oil major BP has agreed to discount the price of the North Sea assets it is selling to Premier Oil, Premier said on Friday.Under the new deal, Premier only has to pay $115 million out of the initial price of $625 million if oil prices…
Offshore installation contractor Subsea 7 has confirmed the award of 'a substantial' contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project in the Dutch North Sea.The two companies had in April signed a conditional…
Offshore wind developer Vattenfall has given the green light for the 1,500 MW offshore wind farm in the Dutch North Sea.The offshore wind farm, named, the Hollandse Kust Zuid 1-4, will be the largest of its kind worldwide, when fully operational in 2023…
Brazilian federal court has ordered state-run oil company Petrobras SA to rename one of its biggest offshore oil fields currently named 'Lula', the special secretary of privatization at the Economy Ministry, Salim Mattar, said late on Wednesday…
Danish wind farm developer Ørsted and Belgium installation contractor DEME Offshore have completed the installation of the 94 foundations at the Borssele 1&2 offshore wind farm location in the Dutch North Sea.The foundations were installed by DEME’s installation vessel ‘Innovation’…
The British government has turned down an application by Vattenfall to build an extension to its Thanet offshore wind farm, citing potential navigational risks.Vattenfall applied to build an offshore wind power station of up to 340 megawatts…
Singapore’s first LNG bunkering vessel has hit the water in Keppel Nantong Shipyard in China. The vessel was moved from land to water on May 28, 2020.The news was shared earlier this week by the vessel-owner FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum…
Dutch offshore survey company Fugro has moved two vessels off the coast of New York to perform a large-scale site characterization program for Sunrise Wind offshore wind project.The project is being developed by Denmark's offshore wind developer Ørsted…
Malaysia's Petronas has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said on Thursday, marking a new consumer for the super-chilled fuel.The state-owned company's subsidiary Petronas LNG delivered two LNG cargoes to Yangon…
Drilling and engineering company KCA Deutag has named Ole Maier its new President of Offshore Business Unit.Maier, who has most recently served as Executive Vice President for Odfjell Drilling's Platform Drilling Operations, has succeeded KCA Deutag's Rune Lorentzen who will be retiring…
As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this year because of COVID-19…
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