Waldorf Production is nearing a deal to acquire oil and gas assets in the British and Dutch North Sea from ONE-Dyas for more than $1 billion, industry sources said on Friday.Under the terms of the emerging deal, private equity-backed Waldorf…
Canadian marine technology company Kraken Robotics's subsidiaries Kraken Robotic Systems Inc. and PanGeo Subsea Inc. have been awarded $7.1 million for two contracts from the Newfoundland Offshore Oil and Gas Industry Recovery Assistance (OOGIRA) Fund…
Eneti Inc. announced its subsidiary Seajacks UK Limited, a provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with Dutch marine contractor Van Oord for the charter of wind turbine installation vessel (WTIV) Seajacks Scylla…
Oil and gas company Cairn has sold its interest in the Catcher and Kraken oil fields in the UK North Sea to Waldorf Production.The proposed sale and purchase deal was first announced in March, and following the general meeting held on October 28…
Scotland-based oil and gas company Cairn Energy has announced plans to change its company name from Cairn Energy to Capricorn Energy. The change is expected to take effect from December 13, 2021. The LSE stock ticker will remain as CNE.'This…
Norwegian marine seismic contractor PGS said Monday it had completed the acquisition of a new GeoStreamer X survey in the UK sector of the North Sea over the Kraken field, East of Shetland. The Kraken field lies in blocks 9/2b and 9/2c within the P1575 license…
U.S. oil major ExxonMobil has awarded Norwegian offshore seismic data acquisition firm PGS a contract for a 3D survey offshore Suriname.PGS' 104.2 meters long Ramform Tethys seismic vessel is scheduled to start the acquisition during the fourth quarter of 2021…
Vessel utilization in the offshore oil and gas seismic data acquisition sector has reached pre-pandemic levels in the third quarter of 2021, Rystad Energy has found.Rystad, a Norway-based energy industry intelligence firm, said that, after several devastating quarters caused by the pandemic…
Oil producer EnQuest on Thursday warned that annual output would be at the lower end of its previously forecast range, primarily owing to declines at its Magnus field in the UK North Sea, sending its shares down more than 7%.Production activity…
Canadian marine technology company Kraken Robotics Inc. on Thursday announced that its wholly owned subsidiary PanGeo Subsea Inc. has secured $2 million in funding from Canada’s Ocean Supercluster for the development of wider scanning capability and increased efficiency called GeoScan…
UK-based oil and gas firm EnQuest has completed the acquisition of the Bentley oil field from Whalsay Energy.Back in April, EnQuest said it has signed a share purchase agreement (SPA) to purchase Whalsay Energy's 100% equity interest in the P1078 license containing Bentley…
Norwegian subsea offshore service company Argeo has procured two Teledyne Gavia SeaRaptor 6,000-meter-rated autonomous underwater vehicles (AUV), Teledyne Marine Vehicles, a business of Teledyne Technologies Incorporated announced.The two SeaRaptor…
Canada-based offshore robotics company Kraken Robotics has acquired Brazil's 13 Robotics Ltda of Brazil (“13R”).The 13R team, with offices in Rio de Janeiro and Salvador, Brazil, consists of software developers and engineers who have significant…
British North Sea-focused oil producer EnQuest said it has signed a share purchase agreement (SPA) to purchase Whalsay Energy's 100% equity interest in the P1078 license containing one of the largest undeveloped oil fields in the U.K. North Sea…
Malaysian FPSO company Bumi Armada posted a net profit of RM144.1 million (around $35,5 million) in the fourth quarter of 2020.Bumi Armada said the result was an improvement from the third quarter of 2020 when its net profit was RM85.6 million (USD 21…
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