Business & Finance
Japanese jack-up rig begins Vietnamese drilling job
A Japan Drilling Company-owned jack-up rig has started drilling operations in waters offshore Vietnam for PetroVietnam.
Bluewater confirms deal to deliver turret mooring system for Chinese FPSO
Bluewater has secured a contract for the engineering, procurement and construction of a mooring system for an FPSO to be located off China.
In focus: the world gathers to curb climate change
During the COP26 conference, nations are expected to speak out their ambition towards mitigating climate change. These pledges will have an effect on the offshore energy and maritime industry.
Noble confirms consistent signs of recovery in rig market as new deals come in
Echoing the sentiment of its rivals Transocean and Valaris, Noble has said it is seeing consistent signs of recovery in the offshore rig market.
With 17 rigs now booked, Borr hopes to fully contract fleet by 2022
Borr Drilling now has 17 rigs contracted or committed amid strong demand for offshore rigs and is on track to fully contract its fleet by 2022.
Suez Canal dues for transiting ships set to rise
The Suez Canal Authority has decided to increase canal dues by six per cent for the year 2022, except for LNG carriers and cruise ships.
Shell restores full Gulf of Mexico output as Mars and Ursa make a comeback
Oil major Shell has restarted production at its Mars and Ursa platforms in the U.S. Gulf of Mexico following Hurricane Ida earlier this year.
CGG Q3 2021 numbers up as reservoir optimisation activities increase
France-based geophysical services company CGG has reported a segment revenue of $270 million for the third quarter of 2021, up 35% year-on-year and 71% sequentially.
Prosafe unit staying longer with Petrobras in Brazil
Prosafe has signed a further contract extension with Petrobras to provide a semi-submersible vessel for maintenance support offshore Brazil.
Woodside curbs Pluto gas reserves
Woodside has cut the proved and probable gas reserves estimate for the Greater Pluto area off Western Australia following subsurface studies.
KCC to boost green initiatives with multi-million dollar private placement
Klaveness Combination Carriers ASA (KCC), part of Norwegian shipping company Torvald Klaveness, has completed an equity private placement with gross proceeds of NOK 213 million (approximately $25 million) to fund energy efficiency initiatives on its current fleet.
Woodside, BP, and MIMI join forces for CCS study in Australia
Woodside has agreed to form a consortium with BP and MIMI to study the feasibility of a CCS project near Karratha in Western Australia.
Cargotec, Konecranes reveal post-merger operating model
Finnish engineering majors Cargotec and Konecranes, which launched in 2020 a process to merge the two entities, have unveiled the operating model and leadership team of the future company.
Taste a drop of OEEC spirit at Navingo’s official closing drinks
Listen to what the visitors of the Offshore Energy Exhibition & Conference (OEEC) had to say about this year’s event as Navingo’s Live studio host Coco Kossmann takes a stroll during the official closing drinks.