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Tender Rig Specialists to Merge

Apr 08, 2019

Singapore-based tender assist rig specialist Energy Drilling and Houston-headquartered Atlantica Tender Drilling (formerly BassDrill) are planning to merge into what is expected to become the second largest tender drilling contractor.Tender rig pair signed a letter of intent (LoI) for the merger.'The combined company will be the second largest tender drilling contractor, with five rigs representing 17% of the tender drilling market…

Voser Steps in as Interim CEO at ABB

few minutes ago

ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation.Spiesshofer’s abrupt exit follows…

Ocean Infinity Names Paul Helmore as CCO

13 hours ago

American seabed exploration company Ocean Infinity has announced the appointment of Paul Helmore as Chief Commercial Officer (CCO).Paul has spent his career to date in business development roles, and brings a track record of managing complex commercial situations and driving international growth…

Rever Offshore Appoints Ops Director

Apr 15, 2019

The subsea services provider to the oil and gas industry Rever Offshore, has announced the appointment of Bob Bryce to the newly-created role of Operations Director.The provider of fully integrated subsea construction and offshore management…

Japan Group Buys Stake in Taiwan Offshore Wind

Apr 08, 2019

A group of Japanese investors - JXTG Nippon Oil & Energy, Sojitz Corp and other Japanese firms - have joined German wind farm developer Wpd in the 640MW Yunlin offshore wind project off Taiwan.The Japanese group will take a 27% stake in in Taiwan's Yunneng Wind Power for an undisclosed sum…

Borr Drilling Buys New Jack-Up

Apr 02, 2019

The offshore drilling contractor to the oil and gas industry worldwide, Borr Drilling  has acquired a new jack-up newbuilding. The acquisition price is nearly half of what it was originally ordered for.The offshore driller informed that the Hull No…

Yinson Buys Ezion

Apr 02, 2019

Singapore's ailing offshore and marine firm Ezion Holdings (EHL) has found a saviour in Malaysian-listed Yinson Holdings, the world's sixth largest floating, production, storage and offloading (FPSO) operator.Yinson Eden Pte Ltd (YEPL) made…

Fred. Olsen Ocean Buys Stake in UWL

Mar 28, 2019

Fred. Olsen Ocean (FOO) has entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million.The ownership split in UWL will be FOO 50.0 %, United Shipping Group GmbH 37…

Global Energy Takes Over Apollo Offshore

Mar 21, 2019

Global Energy Group, the provider of contract services to the oil and gas industry, has bought a majority stake in Aberdeen-based Apollo Offshore Engineering, forming a new contractor firm.The new company will be named Global Engineering and Construction (E&C)…

STR Opens Australian Office

Mar 19, 2019

The specialist in the design and manufacture of advanced subsea technology for the offshore energy industry, Subsea Technology & Rentals (STR), is delighted to announce the launch of its Australian Office and hosted its official office opening day in Perth…

SCF Registers Growth in Offshore Revenues

Mar 18, 2019

The energy shipping company PAO Sovcomflot (SCF Group) has managed to increase its revenue base and achieved a profit of USD 11.9 million against a USD 106.2 million loss in 2017.The annual results reflected a strong contribution from the industrial…

Vantage Drilling Sinks Into the Red

Mar 17, 2019

Texas-based offshore drilling contractor Vantage Drilling International reported a net loss of  $52.2 million for the three months ended December 31, 2018 as compared to a net loss of $36.6 million for the three months ended December 31, 2017…

EC Probes E.ON-Innogy Merger

Mar 11, 2019

The European Commission has opened an in-depth investigation into German utility E.on's  takeover of certain assets from domestic Innogy, saying the transaction may lead to higher prices for consumers.The deal, which is worth a reported €43 billion ($48 billion at today's conversion rate)…

Telford Offshore Cuts Share Count

Mar 06, 2019

International offshore services company, Telford Offshore, has unwound the share trust originally set up when it was formed via a corporate restructuring in February 2018.The 2018 restructuring brought the first four of Telford Offshore’s DP3…

Boskalis Buys UAE's Horizon Group

Feb 22, 2019

Dutch marine contractor Royal Boskalis Westminster has acquired a 62.5% majority stake in the UAE's Horizon Group to expand its surveying capabilities.According to press statement, the remaining 37.5% of the shares will be held by the incumbent management…

Current News

Voser Steps in as Interim CEO at ABB

Voser Steps in as Interim CEO at ABB

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Vattenfall Taps Seaway 7 for HKZ Installs

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Talakar Named CEO of Siemens Oil & Gas

Talakar Named CEO of Siemens Oil & Gas

Chrysaor to Buy ConocoPhillips’ UK Assets

Chrysaor to Buy ConocoPhillips’ UK Assets

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