Tullow Oil will acquire Capricorn Energy in an all-stock deal worth 656.9 million pounds ($826.7 million), keeping a focus on African reserves amid soaring energy prices.Investors in Capricorn, formerly known as Cairn Energy, will receive 3…
Vantage Drilling has completed the sale of three jack-up drilling rigs to ADES, through the sale if its subsidiary Emerald Driller Company (“EDC”).ADES acquired EDC for $170,000,000 in cash, together with an additional $34 million in cash in…
Norwegian offshore wind services firm Edda Wind has taken delivery of its first CSOV, the Edda Breeze. The vessel was built by Astilleros Gondán shipyard in Spain.The hydrogen-ready vessel is the first to be delivered as part of a nine-vessel newbuilding program…
The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions following Moscow's invasion of Ukraine.The ban on seaborne crude imports will be phased in over six months and for seaborne refined products over eight months…
The UK-based Offshore Wind Growth Partnership (OWGP) has released its latest Development Grant funding call, with £2 million available for UK businesses looking to accelerate their growth in the offshore wind supply chain.The grants can be used…
Tenaris, a company manufacturing pipes and related services for the global energy industry, has informed that an Italian court has dismissed a case against Tenaris’s Chairman and Chief Executive Officer and two other Board members over allegedly improper payments in Brazil…
Malaysia's state energy firm Petronas on Tuesday posted higher profit of 23.4 billion ringgit ($5.35 billion) for its first quarter, in tandem with greater revenue following an upward trend in prices.Revenue rose almost 50% to 78.8 billion ringgit in the January-March quarter…
European Union leaders have agreed an embargo on Russian oil imports that will start kicking in towards the end of the year and which exempts, for now, pipeline imports that Hungary and two other landlocked Central European states rely on.The…
Malaysian company Sapura Energy has agreed to sell its pipe-laying and crane vessel Sapura 3000 for $71.5 million to Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies.'The proposed asset disposal exercise is part of the Group’s reset plan…
Cenovus Energy and its partners have agreed to restart the West White Rose oilfield project offshore Newfoundland and Labrador, Canada in 2023, the oil and gas producer said on Tuesday.Major construction activities in West White Rose project…
The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production sector have seldom been stronger…
Yokogawa Electric Corporation and Mitsubishi Heavy Industries, Ltd (MHI) have been selected by the Nippon Foundation, a private, non-profit grant-making organization, to develop an automatic robotic inspection system to predict hazards on offshore oil and gas facilities…
Saipem's giant Saipem 7000 semi-submersible crane vessel is set to return to operation at the Seagreen wind farm site in the UK a month and a half after it was involved in a tilting incident in Norway.As previously reported, in mid-April, Saipem…
Offshore accommodation rig provider Prosafe has appointed Reese McNeel (45) as Chief Financial Officer. McNeel will replace the current Deputy CEO & CFO, Stig H. Christiansen, who has accepted a position with another company. McNeel will take up his position on August 1…
Marine seismic survey firm Shearwater GeoServices has won a contract in the UK related to a carbon capture and storage project.The project, awarded by BP on behalf of the Northern Endurance Partnership (NEP), is for geophysical data processing and imaging to advance the East Coast Cluster…
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