Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.
The UK Oil & Gas Authority (OGA) has approved IOG’s field development plan for the Core Project Phase 1 located in the UK North Sea.
Marine Energy Wales has welcomed the news that North Wales’ tidal stream array demonstration project, Morlais, has signed up three new international turbine developers. French firms Sabella and HydroQuest as well as Spanish developer Magallanes are planning to deploy their devices on a commercial sc
Transocean recorded a wider loss in the first quarter of 2020 when compared to the same period last year due to impairments on assets.
Rockhopper Exploration and Premier Oil, partners in the Sea Lion project located offshore the Falkland Islands, have agreed to extend the exclusivity period to Navitas Petroleum, further closing in on a definitive Sea Lion farm-out.
Reach Subsea has secured a contract from a new tier 1 client involving 50 project days of survey and construction support in the North Sea. The project will be executed together with its cooperation partner MMT Sweden during the summer season. The companies plan to use the Topaz Tiamat for this proj
Green Marine and Surfrider Foundation Europe have announced that the Green Marine Europe environmental program is now available to European shipowners.
Capesize shipowner Seanergy Maritime Holdings Corp. has entered into a time charter agreement with commodity trading and mining company Glencore for an additional Capesize vessel.
A maritime industry consortium and the existing syndicate of banks of shipbuilder Royal IHC, including the three major Dutch banks, have reached a heads of agreement for the acquisition and refinancing of IHC Merwede Holding B.V.
Maersk Drilling has been awarded a contract by Equinor for the drilling of three and plugging of one well on the Martin Linge field offshore Norway.
Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of strong performance from the Norwegian fields, Lundin has increased its full-year production guidance.
Valaris booked $3 billion loss in the first quarter of the year affected by impairments and fleet utilization decline.
The Hague-based LNG giant Shell reported a nine per cent rise in its liquefied natural gas sales during the first quarter of this year. Shell sold 19 million tonnes of LNG in the January-March period, compared to 17.51 million tonnes in the same period last year, the company said on Thursday in its
Shell has decided to slash its dividend after seeing its quarterly profit nearly halved when compared to the last year’s quarter amid a dramatic decline in oil price.
