People & Company News

 

Udenna Backs-out from EMAS Rescue

Feb 14, 2019

Philippine's Udenna Corporation has broken off negotiations over a potential investment of $73 million in struggling Singapore-based offshore vessel company Emas Offshore.The ailing Singaporean contractor Emas Offshore announced in a regulatory…

New Leadership at MHWirth

Feb 14, 2019

German drilling equipment and machinery company MHWirth, a unit of Akastor ASA, has appointed Merrill A. “Pete” Miller Jr. as Executive Chairman and Eirik Bergsvik as CEO.Akastor Chairman Kristian Røkke said, 'Pete Miller has an incredible track…

Ørsted Sells Half of US Offshore Wind Assets

Feb 10, 2019

Denmark’s Ørsted is selling a 50% stake in a portfolio of offshore wind assets to New England utility Eversource Energy, for about $225 million.'Ørsted and Eversource have been partners in the Massachusetts Bay State Wind offshore wind project and with this announcement…

Wintershall Appoints Helge Beuthan to Head ME

Jan 31, 2019

Germany's largest crude oil and natural gas producer Wintershall Holding has appointed Helge Beuthan as new general manager of its Middle East division in Abu Dhabi.Beuthan, the current vice president for global subsurface evaluation, would…

Lundin Buys Stakes in Rolvsnes, Goddo

Jan 28, 2019

Lundin Petroleum, Europe's independent oil and gas exploration and production company with operations focused on Norway, has increased its stake in the major Rolvsnes oil discovery in the Norwegian North Sea, flagging a potential tieback eventually to its operated Edvard Grieg oil field…

Cathie Associates, Blue Wind Sign Offshore Wind Deal in South Korea

Jan 23, 2019

The international geoscience and geotechnical engineering consultancy Cathie Associates has signed a Memorandum of Understanding (MoU) with Blue Wind Engineering (BWE) to cooperate on expanding within the offshore wind industry in South Korea…

Ørsted Becomes World’s Most Sustainable Energy Company

Jan 23, 2019

Denmark's Ørsted, the global leader in offshore wind, surpassed more than 7,500 international, billion-dollar companies to rank fourth in the Corporate Knights' 2019 index of the Global 100 Most Sustainable Corporations in the World.The ranking…

BV Appoints de Tugny EVP

Jan 23, 2019

Bureau Veritas  has appointed Matthieu de Tugny as Executive Vice-President, Bureau Veritas Group to lead the Marine & Offshore Division (M&O).He will be a member of the Bureau Veritas Group Executive Committee reporting to Didier Michaud-Daniel…

Finalists Revealed for 2019 Offshore Achievement Awards

Jan 20, 2019

Finalists for the Offshore Achievement Awards 2019 have been revealed last week.The annual awards, which are hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, give recognition to the best talent, performance and innovation in the offshore energy industry…

MHI Vestas Expands at Ostende

Jan 15, 2019

Danish manufacturer of wind turbines MHI Vestas Offshore Wind has opened a new office in the Port of Ostend to expand its offshore wind operations at the Belgian port.“Because we will be servicing no fewer than 244 wind turbines at sea from the Port of Oostende by 2020…

K2 Management Opens Beijing Office

Jan 11, 2019

Offshore wind and sustainable energy consultancy K2 Management  has opened an office in Beijing to support China’s wind and solar market.Active in Asia since 2010, K2 Management has been working in China on several projects for local and international clients…

Aqualis Offshore Establishes Office in Australia

Jan 11, 2019

Marine and offshore engineering consultancy Aqualis Offshore has set up an office in Perth, Western Australia, to support oil and gas developments in the Australasia region.“We have supported important projects offshore Australia in recent years…

Jadestone Energy to Restart Montara Production

Jan 06, 2019

Asia Pacific upstream oil and gas development and production company has announced the completion of works required to resume production from the Montara oil field. This restart follows an extensive maintenance and inspection shut down.  'Work…

WoodMac on Medco Energi's Potential Takeover of Ophir Energy

Jan 03, 2019

Wood Mackenzie Research Director, Angus Rodger, provides insight on a of UK-listed Ophir Energy by Indonesia's Medco Energi.'On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released…

Halo Completes Acquisition of Third Energy Offshore

Jan 02, 2019

Hague and London Oil (Halo) said that it has now formally completed its acquisition of Third Energy Offshore Limited (TEOL).The Southern North Sea-focussed company, with a diverse portfolio of offshore and onshore producing, development and…

Current News

NOAA Raises Predicted Number of Tropical Storms to Record High

NOAA Raises Predicted Number of Tropical Storms to Record High

TGS Makes Surprise $600 Mln Offer for Part of Rival PGS

TGS Makes Surprise $600 Mln Offer for Part of Rival PGS

Exxon Hires Noble Corp. Drillship on 6-month Term in Guyana

Exxon Hires Noble Corp. Drillship on 6-month Term in Guyana

Indonesia's Price Cap Obstructing Gas Projects

Indonesia's Price Cap Obstructing Gas Projects

Subscribe for OE Digital E‑News

Offshore Engineer Magazine