Oslo-listed Standard Supply has recently agreed to sell three large platform supply vessels, Standard Viking, Standard Supplier, and Standard Defender, for a gross of $72.2 million.Adjusting for ownership, proceeds to Standard Supply will be $69…
Offshore solutions firm OEG Energy Group Limited said Monday it had agreed to acquire Bluestream Offshore, a specialist in subsea and topside services based in the Netherlands, for an undisclosed consideration.Based in Den Helder, Bluestream…
Australian offshore vessel operator MMA Offshore said Friday it had secured a contract with Timor Gap Drilling and Services, Unipessoal, LDA (a subsidiary of Timor Gap E.P.) in association with Santos, to provide offshore decommissioning services in Timor-Leste…
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) agreed on Friday to sell all of its assets in Norway to Poland's Orlen, which operates in Norway under the name PGNiG Upstream for $454 million, the CEO of the Kuwaiti company said on Friday…
Fertilizer maker Yara said on Monday it has signed a binding agreement to capture CO2 emissions from its Dutch ammonia plant and transport it to the Norwegian North Sea for storage deep beneath the seabed.The carbon capture and storage project (CCS) will cut annual emissions of CO2 by 800…
The U.S. Coast Guard was leading an oil spill clean-up in the Gulf of Mexico on Friday, partnering with local and federal agencies and companies after a Main Pass Oil Gathering Co (MPOG) underwater pipeline began leaking.The crude oil pipeline…
Vard, a Norwegian firm specializing in shipbuilding and design, said Friday its subsidiary in Vietnam, Vard Vung Tau, had delivered a newbuild 944 Grampian Tees service operation vessel to owner North Star.This SOV is the third of four purpose…
Norwegian subsea services company Reach Subsea has completed the acquisition of the Australian marine survey company Guardian Geomatics Pty. Reach Subsea had announced the proposed acquisition of Guardian Geomatics in October.It said at the…
Carbon Catalyst Limited (CCL) said Friday it had reached an agreement with Summit Energy Evolution Limited (SEEL), a subsidiary of Sumitomo Corporation, to farm out a 10% working interest in the Orion carbon storage license located in the Southern North Sea sector of the UK Continental Shelf…
New York State will issue a new offshore wind solicitation on Nov. 30 with bids due in January 2024, the state government said, in a move that should support the troubled industry. European energy companies Orsted, Equinor, and BP have taken a combined $5 billion of writedowns on U…
Oil and gas company NEO Energy said Friday it had agreed to buy Dana Petroleum's full equity in the Western Isles FPSO in the UK. NEO Energy plans to redeploy the FPSO at the Buchan field redevelopment in the UK North Sea.The transaction is subject to the satisfaction of certain conditions…
Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia.The oil and…
Brazilian oil and gas company PRIO said Friday it had received the payment regarding the conclusion of the sale of its 10% interest in the Manati field offshore Brazil to Gas Bridge Storage. The Manati Field, located in the Camamu Basin, on the coast of Bahia…
Britain's Octopus Energy said on Friday that its renewables investing arm had launched a dedicated fund with Japan's Tokyo Gas to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030.The Octopus Energy Offshore Wind fund…
Offshore wind developer Parkwind said Thursday that it had installed the final three turbines of its 27-turbine Arcadis Ost 1 offshore wind farm, marking the first time that turbines at a commercial fixed-bottom wind farm were installed using a floating vessel and not a jack-up unit…
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