Philippines ports and gaming tycoon Enrique Razon is acquiring a majority stake in a South China Sea gas field from a close ally of outgoing President Rodrigo Duterte, a move seen benefitting his oil exploration franchise on the Reed Bank.Razon's…
Forum Energy Technologies (FET) has delivered two work-class remotely operated vehicle (ROV) sales to Brazilian marine engineering companyOceanica to support its deepwater intervention operations.The systems were built at FET’s UK facility at Kirkbymoorside…
Three companies have applied for future storage of CO2 on the Norwegian continental shelf, the Norwegian Ministry of Petroleum and Energy said Thursday.Norway in April announced a new area for CO2 storage in the North Sea, citing growing interest from the industry…
Glenn Richey, the Raymond J. Harbert Eminent Scholar and chair of the Department of Supply Chain Management in Auburn University’s Harbert College of Business, comments on record gas prices and how the Biden administration needs to work with…
UK-based offshore drilling company Awilco Drilling has completed the sale of its WilPhoenix semi-submersible drilling rig to P&A specialist to Well-Safe Solutions.The proposed sale was first announced early in May, when Oslo-listed Awilco Drilling said the rig would be sold for $15…
The Crown Estate for England, Wales, and Northern Ireland said Monday it has committed £50million (around $62,7 million) to enable the coexistence of offshore wind farms with a thriving marine environment.Since the launch of the UK Government’s…
Oil tanker operator International Seaways has sold its 50% stake in two floating storage and offshore (FSO) vessels, the FSO Asia and FSO Africa, to its joint venture partner Euronav NV. The purchase price values the two FSO vessels at $300 million in total…
EIG Global Energy Partners is in early discussions with Repsol to buy a slice of the Spanish company's oil and gas exploration and production business, three sources with knowledge of the matter told Reuters.The U.S. fund is seeking to purchase up to 25% of Repsol's so-called upstream business…
The UK-based oil and gas company Hurricane Energy with its partner Spirit Energy has decided to relinquish its stake in the Greater Warwick Area license containing the Warwick discovery offshore the Shetland Islands.Greater Warwick Area comprises…
Danish investment fund Navigare Capital Partners will become a shareholder in Norwind Offshore, an offshore wind-focused vessel company established in Norway in 2021.Navigare Capital Partners specializes in investments in maritime assets. 'The…
Dutch marine services and dredging firm Boskalis said Friday that the price proposed by HAL Holding for the acquisition of all remaining shares of Boskalis wasn't unreasonable, but also not sufficiently convincing to recommend the price to its shareholders…
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…
German oil and gas company Wintershall Dea has agreed to sell a 35.2% share in the Brage field and a 6.46% share in the Ivar Aasen field, as well as 6% of the Nova development, all offshore Norway, to the Norwegian oil firm OKEA.OKEA will pay a fixed consideration of USD 117…
Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said…
Australia-based Woodside Energy's all-stock merger with BHP's oil and gas business was completed Wednesday.Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP…
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