Neil Gordon News

 

Modus Subsea Services Secures Loan from Gordon Brothers

Apr 06, 2023

Advisory and investment firm Gordon Brothers said this week it had provided a £5 million (currently around $6,2 million) term loan to Modus Subsea Services (Modus).Modus, specializing in using Underwater Intervention Drones to automate and decarbonize subsea inspection…

Philippine Firm Targets New Gas Wells, Solar Investment

Mar 15, 2023

Philippine holding firm Prime Infrastructure Capital Inc aims to put new wells at the country's only major natural gas project into commercial operation in 2026, and is seeking other fields to ensure long-term output, its CEO told Reuters on Wednesday…

Supreme Court Sides With Offshore Worker in Overtime Case

Feb 22, 2023

An oil rig supervisor who earned more than $200,000 a year working for Houston-based Helix Energy Solutions Group Inc is entitled to overtime pay, the U.S. Supreme Court ruled on Wednesday in a decision with costly implications for the oil and gas industry…

Philippines' Citicore to Invest $4B in Renewable Energy. Prepares for IPO

Feb 13, 2023

Citicore Renewable Energy Corp, one of the Philippines' biggest solar power producers, is planning to go public this year to fund a $4 billion investment in new solar projects over the next five years, its CEO said on Friday.'For a country such…

HLP Brings "Fresh Approach" to Offshore Wind Farm Logistics. Funding Secured for Engineering Work

Feb 08, 2023

Heavy Lift Projects Ltd (HLP), a provider of offshore wind farm logistics, said Tuesday it had completed a funding round with private investors and opened its first office in Edinburgh.The company said that Capercaillie (Investments) Ltd and…

James Fisher Names New Head of Energy Division

Feb 07, 2023

Offshore services firm James Fisher and Sons has appointed Neil Sims as its new Head of Energy. Sims will report to Chief Executive Officer, Jean Vernet, as part of the James Fisher executive team.Sims joins James Fisher from Expro, where he…

Capricorn to Review Business after Shareholders Back New Directors

Feb 02, 2023

Capricorn Energy shareholders on Wednesday voted in favor of six new directors proposed by activist shareholder Palliser, and the British oil and gas company said the new board would conduct a strategic review of its businesses.The shareholder vote comes days after five directors…

VIDEO: FPSO for Major LNG Project in W. Africa Leaves Chinese Shipyard

Jan 23, 2023

The FPSO built for the BP-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has set sail towards the project site off the coasts of Mauritania and Senegal.The FPSO departed the Cosco shipyard in Qidong, China, on Friday…

Indian, European Oil Firms Looking to Bid for Guyana Offshore Blocks

Jan 18, 2023

Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction.The South…

Guyana Expects State Oil Revenue to Hit $1.63B in 2023

Jan 17, 2023

Guyana's revenue from oil exports and royalties this year is expected to climb 31% to $1.63 billion, Finance Minister Ashni Singh said on Monday, on higher output from the addition of a third production facility near year-end. The South American…

Guyana's Oil Exports Double, with Europe Taking Half of Cargoes

Jan 13, 2023

Guyana's oil exports jumped 164% last year, boosted by growing output and demand for the newest Latin American oil producer's light sweet crudes, particularly in Europe, where thirsty refiners ramped up imports to replace Russian supplies.Since…

National Subsea Centre Opens in Dyce, UK

Jan 11, 2023

The National Subsea Centre (NSC), a center of excellence for subsea research and technology development, has been officially opened today in Dyce, Aberdeen.The center was opened byMichael Matheson, Scottish Government Cabinet Secretary for Net Zero…

China, Philippines Agree to Handle Disputes Peacefully, Resume Joint Offshore Oil Exploration Talks

Jan 05, 2023

China and the Philippines have agreed to set up a direct communications channel between their foreign ministries on the South China Sea to handle disputes peacefully, they said on Thursday.Their agreement, which contained 14 elements aimed at…

Offshore Wind: UK Firm Looking to Hire 170+ Seafarers in the Next 18 Months

Dec 20, 2022

North Star, a UK-based offshore services firm building a fleet of offshore wind vessels, is looking to recruit more than 170 seafarers over the next 18 months.The company is eyeing experienced crew ahead of its first hybrid-powered offshore wind fleet arriving in UK waters early next year…

Guyana Launches Bidding Round for 14 Offshore Oil Blocks

Dec 12, 2022

Guyana on Friday formally opened a highly anticipated bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May.The country is home to one of the largest oil discoveries in the last decade…

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