Business Developments & Projects
Two oil & gas firms agree on more time to wrap up divestment of North Sea discovery
Quattro Energy Limited has agreed on a long stop date extension for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery.
Provaris announces its investor relations advisor for Europe
Australian Provaris Energy has appointed Germany-based DGWA, the German Institute for Asset and Equity Allocation and Valuation (Deutsche Gesellschaft für Wertpapieranalyse GmbH) as its investor relations advisor in Europe. Provaris said the appointment seeks to develop and maximize the value of the
OMV spuds gas-condensate prospect with Transocean rig
OMV has started drilling an exploration well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.
Interview: After shattering records in green-methanol bunkering, OCI Global stresses the power of collaboration for a smooth transition
Green methanol is rapidly emerging as a transformative marine fuel, leading the charge in the maritime industry’s quest for sustainable and eco-friendly shipping operations, it is quickly becoming a prominent contender in the race to decarbonize the sector. As the imperative for decarbonization of t
Danaos boosts its methanol-ready orderbook to 10 boxships
Greek containership owner Danaos Corporation has ordered the construction of two methanol-ready 8,258 TEU containerships set for delivery in 2026. The company said the order was placed in June but did not disclose the name of the shipyard that secured the deal. The latest order brings Danaos’ newbui
Five Vroon vessels joining Norwegian player’s fleet
GEOS is expanding its fleet of offshore supply vessels with four PSVs and one SSV for a total consideration of $94 million.
Thumbs-up for Equinor to deploy COSL Drilling’s rig for North Sea ops
Norwegian regulator has given Equinor its consent to use a COSL Drilling-owned rig for production drilling at a field in the North Sea.
Green light for Aker Solutions, Subsea 7 and SLB joint venture
Aker Solutions, Subsea 7 and SLB have obtained all required regulatory approvals from competition authorities for the establishment of a subsea joint venture (JV). “We are now a big step closer to day 1 for the coming world-class subsea company Aker Solutions are establishing together with SLB and S
July orders propel methanol past 200 ships mark
According to the latest data from DNV’s Alternative Fuel Insights (AFI) database, the month of July saw the addition of 14 LNG-fueled ships. Still, the real star of the show was methanol, with a staggering 48 methanol-fueled ships, including retrofits, joining the ranks. The July orders have pushed
Market normalization hits Maersk’earnings as demand woes and phasing in massive orderbook challenges loom
As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit
Saipem’s two new European offshore deals rake in nearly $2 billion
Saipem has won two new E&C offshore contracts in Romania and in Germany with a total value of around €1.8 billion, which is close to $2 billion ($1.97 billion).
In focus: Decarbonisation gaining ever stronger foothold
Our news this week reflect the increasing activities in vessel decarbonisation and emission cutting in the oil and gas sector as offshore renewable energy continues to broaden both its geographical and technological reach and green hydrogen attracts new firm commitments. With new, more ambitious cor
Go-ahead sets the seal on development of $4.4 billion deepwater gas project in Black Sea
Romania’s National Agency for Mineral Resources has endorsed the development plan for a massive deepwater natural gas project in the Black Sea.
French telecom giant takes delivery of offshore wind cable laying vessel
French telecommunications corporation Orange has taken delivery of its new cable laying and repair vessel (CLRV), said to be designed for the maintenance of cables for offshore wind projects. The vessel, named Sophie Germain after the pioneering French mathematician and philosopher, is currently on