U.S.-based offshore support vessel provider Hornbeck Offshore Services said Friday it had completed its reorganization and emerged from Chapter 11 Bankruptcy.The company had in April struck a comprehensive balance sheet restructuring support agreement with its lenders…
Russian company Sovmcomflot has decided to extend the charter of Polarcus' Vyacheslav Tikhonov seismic vessel for three years, but might redeliver the Ivan Gubkin vessel back to the Oslo-listed owner.The Vyacheslav Tikhonov, owned by Polarcus…
Japanese oil refining company Eneos said Thursday it was joining an offshore wind joint venture targeting projects in Akita Prefecture in Japan.Eneos has acquired a share in GK Happo Noshiro Offshore Wind, a company formed to seek opportunities…
Pharos Energy said Friday it had received approval from the Prime Minister of Vietnam for the development plan of an offshore oil field in Vietnam.Pharos, until recently known as Soco International, said that the approval of what is called the…
Japanese offshore drilling company JDC has won a drilling contract with Mitsui Oil Exploration.JDC said that the contract was for the provision of a jack-up drilling rig 'HAKURYU-11.' According to JDC, which operates a fleet of five jack-ups…
Norwegian offshore services provider Aker Solutions has been awarded a three-year extension to an existing framework agreement for work at North Sea fields operated by U.S. oil firm ConocoPhillips.Aker Solutions will remain ConocoPhillips'…
Chinese oil company CNOOC announced Friday the start of oil production from the Nanbao 35-2 oil field S1 area in the Bohai Bay, off China.Nanbao 35-2 oilfield S1 area is located in the central Bohai with average water depth of 17 meters. 'In…
The Australian offshore safety agency NOPSEMA has ordered Eni to 'make safe' a floating mid-depth buoy at the Woollybutt field off W. Australia, after the buoy, normally chained 50 meters underwater, was spotted floating on the surface, posing a navigational threat to vessels passing by…
Asia Pacific-focused oil and gas production company Jadestone Energy declared a maiden interim dividend on Thursday and reported positive operating cash flows in the first half, despite a slump in crude oil prices.The maiden dividend payout…
Swedish power company Vattenfall has appointed Anna Borg as its new President and CEO after Magnus Hall in July said he would leave the company.Borg has served as the offshore wind developer's CFO since 2017. Before this, was been Senior Vice President for Vattenfall's Business Area Markets…
Singapore's Express Offshore Solutions (EOS), together with their Taiwanese partner Hung Hua Construction Co. Ltd (HHC), has completed the transportation of 84 pin piles for the Taiwan Power Company's Changhua offshore wind farm project.EOS…
Activist investor Elliott Management is seeking to break up Noble Energy Inc's $5 billion sale to oil major Chevron Corp, a Bloomberg reporter tweeted on Wednesday.A notice posted on the U.S. Federal Trade Commission website on Tuesday showed the hedge fund had built a stake in Noble Energy…
Turkey expects gas suppliers to offer more competitive pricing and flexibility if they want to renew long-term contracts totaling 16 billion cubic meters a year, a senior energy ministry official said.More than a quarter of Turkey's long-term gas contracts expire next year…
Norwegian company Equinor and the British oil giant BP have entered into a strategic partnership to develop offshore wind projects in the US. Under the agreement, BP will buy a 50% stake in Equinor's Empire Wind and Beacon Wind assets on the…
Offshore vessel owner Harvey Gulf announced that it will offer a full service fuel carrying vessel solely dedicated to offshore fuel and water deliveries, through the conversion of its 300-foot U.S. flagged platform supply vessel (PSV) Harvey Hawk…
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