Sino-Global has decided to acquire a majority stake in China’s Mandarine Ocean.
TUI AG gets an EUR 1.8 billion state aid bridging loan to cope with coronavirus business impacts.
UK’s Ineos has decided to postpone its planned shutdown of the Forties pipeline system until the spring of 2021.
Offshore wind turbine manufacturer MHI Vestas has appointed Masato Yamada as the Regional Manager Asia Pacific, to oversee the company’s growth across the Asia Pacific region. Yamada was formerly the company’s Chief Strategy Officer based in Aarhus, Denmark, and will now be based in MHI Vestas’ Toky
Aker BP has awarded a call-off for removal and disposal of multiple installations in the Valhall area in the North Sea to Allseas.
Neptune Energy has reported that the load out of the 740-tonne topside module for the Nova brownfield project in the Norwegian North Sea has been completed ahead of the installation offshore with the world’s largest semi-sub crane vessel.
VTT, partners will assess how suitable fuel oils made from biomass and waste plastics are for ship diesel engines.
Offshore Wind Consultants (OWC) has secured a contract to develop a ground model for a U.S. offshore wind project and its cable route. OWC did not disclose the name of the client, but said it is a “confidential developer.” The ground model will be part of the site assessment plan and construction an
DeepGreen Metals has acquired Tonga Offshore Mining Limited (TOML) from Deep Sea Mining Finance, giving the company exploration rights to a block of Clarion Clipperton Zone (CCZ) of the Pacific Ocean seabed. The acquisition gives company the access to a 74,713 km2 block that contains an inferred res
Brazilian oil and gas company Petrobras has identified the presence of oil in an exploration well of the Sudoeste de Tartaruga Verde block, located in the Campos Basin in Brazil.
KrisEnergy has completed the sale of its participating interest in the Andaman II PSC located in the Malacca Strait, offshore Indonesia, to BP.
Golar LNG received a force majeure notice from a BP unit seeking to delay taking delivery of the floating liquefied natural gas facility Gimi by a year. The floating LNG facility is destined for BP’s Greater Tortue Ahmeyim project on the maritime border of Mauritania and Senegal. BP was expected to
Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.
The Borssele Beta offshore substation topside has been installed at the project site in the Dutch North Sea. The topside sailed out from HSM Offshore’s yard in Schiedam at the end of March to the site but was awaiting favorable weather conditions to be installed. Borssele Beta will connect the 731.5
