Business & Finance
Court fines Petrofac over bribes to secure contracts
Petrofac has been ordered by a UK court to pay a fine of about $105 million in sentencing related to seven historic bribery offences.
John Fredriksen eyes full control of Avance Gas
Norwegian-born Cypriot oil tanker and shipping billionaire businessman John Fredriksen is looking to gain full control over Bermuda-based liquefied petroleum gas (LPG) transportation company Avance Gas Holding.
Greensea, Ocean Infinity working on robotic control for Armada fleet
Greensea Systems has signed a contract with Ocean Infinity to provide OPENSEA as the open architecture platform for the Armada Dynamic Payloads Control (DPC).
Solstad Offshore gets rid of seven old vessels
Solstad Offshore has sold seven vessels for recycling as they are considered irrelevant for present and future markets.
Empyrean employs COSL for Jade well site survey ahead of spud
Empyrean Energy has awarded a contract for a well site survey over the Jade prospect offshore China to COSL ahead of drilling operations.
Saipem joins forces with Italian start-up for subsea drones
Saipem has entered into a cooperation agreement with WSense, an Italian start-up, for developing complex communication networks for subsea drones.
Expro and Frank’s fusion creates full-cycle energy services player
UK’s Expro Group has completed the previously announced merger with Dutch-based oil services company Frank’s International.
Stonepeak will acquire Teekay LNG Partners for $6.2 billion
NYC-based investment firm Stonepeak Infrastructure Partners is to buy Bermuda-based shipping company Teekay LNG Partners for about $6.2 billion.
Petrobras selling interests in 15 Gulf of Mexico fields
Brazil’s Petrobras is selling its interest in a company, which owns interests in 15 offshore fields in the U.S. Gulf of Mexico.
Petrobras brings Brazilian gas field back online after repairs
Petrobras has resumed production from the Manati gas field located off Brazil following the completion of pipeline repairs.
New boss to strengthen PTTEP’s core E&P business, prepare for renewables
PTTEP’s new CEO will work to strengthen the company’s E&P business and prepare for the expansion into renewable energy.
Heerema’s Thialf removes Shell’s Goldeneye platform
Heerema Marine Contractors’ giant Thialf vessel has removed Shell’s Goldeneye wellhead platform after installing the structure in 2003.
Energinet predicts increased costs for Baltic Pipe construction
Energinet has revised the budget for the Baltic Pipe as the capital expenditure for the Danish part of the project is now estimated at one billion euros.
CGG closes sale of GeoSoftware business
France-based geophysical services company CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software.