Japan's largest trading company Mitsubishi Corporation (MC) announced the divestment of shares in Diamond Green Limited, with 30% to be transferred to The Kansai Electric Power Co., Inc (KEPCO) and 20% to Mitsubishi UFJ Lease & Finance Company Limited (MUL)…
Brazil's state-controlled oil company Petroleo Brasileiro SA is considering divesting up to $15 billion within the next few years, one person with knowledge of the matter said on Thursday.The total divestment goal has not been approved yet and…
UK based oil and gas development & production company Independent Oil and Gas Plc (IOG)cautioned that current oil price volatility and capital market conditions aren’t conducive to deliver its financing plan for the core Southern North Sea project before year-end…
The international subsea operating company DOF Subsea said that its subsidiry DOF Subsea Australia Pty Ltd’s existing Subsea Inspection, Maintenance and Repair Contract with Chevron Australia has been extended. DOF Subsea has successfully provided IMR vessel…
UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership.'Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019…
Bergen-based Vestdavit said has secured a contract to equip the Nexans flag ship cable layer Nexans Aurora with its MissionEase multi-boat handling system for mission bays.The cable laying vessel (CLV) has been designed by Skipsteknisk in Ålesund…
MHI Vestas Offshore Wind (MVOW), a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, has announced the appointment of Jason Folsom, the US offshore wind veteran.Folsom, a respected offshore wind expert with extensive new…
Gabon's Minister of Oil and Hydrocarbons Pascal Houangni Ambouroué has unveiled a new offshore licensing round covering 12 shallow-water and 23 deep-water blocks.A report from global law firm Dentons pointed out that this new bid round for offshore…
Petrobras says it reached a USD370mln deal with Perenco to sell its operations in the Polo Nordeste and granted oil 3R Petroleum a 40-year concession to operate 34 oil fields in Bacia Potigar in a deal worth USD453mln.According to a press release…
Sea-state monitoring firm Miros Group is set to supply eight Oil Spill Detection (OSD) systems to Brazilian oil major Petrobras in the world’s largest x-band radar-based OSD surveillance and response contract to date.The agreement is in partnership with Ulstein Belga Marine…
i-Tech Services said it has secured its first inspection, repair and maintenance (IRM) contract for the vessel MMA Pinnacle with a Malaysia-based integrated oil and gas services company, following the signing of a long-term vessel charter agreement in the Asia Pacific region earlier this year…
Denmark's Orsted will invest $30 billion in green energy up to 2025, it said on Wednesday, as it seeks to become one of a handful of future 'renewable majors' leading a global transition from fossil fuels to green energy.While renewable energy…
Global offshore engineering solutions provider Aquaterra Energy in conjunction with Maerlin Nigeria Ltd, its local partner, has been awarded a contract by FIRST Exploration and Petroleum Development Company Ltd (FIRST E&P) to design, engineer…
Swiss-based offshore contractor has hired two platform supply vessels (PSVs) from Norwegian offshore shipping company Solstad Offshore.Norwegian offshore service and supply ship shipping company said in a press release that Allseas contracts are for two PSVs…
Norway-based international provider of marine services in the offshore and towage sectors Østensjø Rederi has been awarded a contract by a major European energy company for operation in the renewable sector.The contract commenced in November…
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