HAL Holding said Thursday it intended to launch an offer for the Dutch marine services and dredging giant Boskalis' all issued and outstanding ordinary shares of Boskalis, at €32.50 per share.HAL, which currently holds 46.2% of the issued Boskalis shares…
Nigeria's Seplat Energy is on track to buy Exxon Mobil's offshore shallow water business in the country for $1.28 billion, Seplat's chairman told Reuters on the sidelines of the CERAweek energy conference by S&P Global.The comments come amid…
The Hongkong based Unmanned Surface Vessel manufacturer OceanAlpha is showcasing its innovative USV portfolio for inland hydrography survey, offshore operation and maintenance (O&M) and smart rescue solutions at the Oceanology International (OI2022) held from March 15 to 17 in London Excel…
Russia said it could cut gas deliveries to Germany through the Nord Stream 1 pipeline amid rising tensions over the Ukraine crisis, disrupting a route that accounted for 60% of Russian gas supplies to Europe in the first two months of this year…
BP, Shell, Exxon, Equinor flag Russia exitsTotalEnergies sticks with Russian natgas assetsLNG central to TotalEnergies' strategyFrance's TotalEnergies cuts a lonely figure hanging onto its Russian investments during a mass exodus of western oil majors from the country after its invasion of Ukraine…
Britain will step up its production of oil and gas after saying it will ban Russian oil imports at the end of the year, transport minister Grant Shapps said on Wednesday.'We're fortunate in the UK that we don't buy proportionately very much…
Norwegian oil company Pandion Energy agreed to buy ONE-Dyas Holdings B.V.'s Norwegian subsidiary ONE-Dyas Norge AS for an undisclosed fee. The deal includes a 10 percent share of the Nova offshore field in the North Sea field, and a total of 11 exploration licenses…
Danish energy firm Ørsted said on Monday it was preparing for potential disruptions to its gas supplies from Russia's Gazprom, due to sanctions, and would give any profits from the contract to humanitarian aid in Ukraine.Ørsted, which is 50…
The world's biggest gathering of energy industry leaders kicks off in Houston Monday, as Russia's invasion of Ukraine delivers an oil price shock to the global economy and embattled executives face growing criticism for the industry's role in climate change…
Engineering firm, a major supplier to the oil industry, has decided to pay a regular dividend and buy back stock as it swung to a full-year profit in 2021 and its outlook improved, the company said on Thursday.Subsea 7 said it 'firmly' believed…
Japan's Mitsui OSK Lines, Toho Gas, and Hokuriku Electric Power will buy a stake of 25% in Formosa International Investment from Australia's Macquarie Group to enter Taiwan's offshore wind power business.The Japanese firms said the deal takes them into the overseas offshore wind power market…
Malaysian offshore oil and gas services provider Alam Maritim has won a contract with Petrofac to provide transportation, installation, and pre-commissioning of flexible risers for the Cendor pipeline project in Malaysia. The total contract value is RM52 million (around $12…
Modern American Recycling Services, Inc. (M.A.R.S.) has acquired the DP3 diving support construction vessel “Caballo Marango” and will rename the vessel to 'Captain America.''The acquisition of this vessel represents a substantial investment…
Oil major BP has started up production from its Herschel Expansion project in the Gulf of Mexico, in what is the first of four major projects scheduled to be delivered by BP globally in 2022.The first phase of the Herschel Expansion project…
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey continued to shatter all records on Friday, reaching over $3.8 billion with one single block fetching over $1 billion.The auction, which began on Wednesday…
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