Business & Finance
Norwegian seismic players TGS, Spectrum set to merge
Norwegian seismic giant TGS is set to acquire its rival Spectrum. The deal would, TGS says, create a leading provider of 2D and 3D seismic data.
CHC to support Cairn’s first operated offshore wells in Norway
Cairn Energy’s Norwegian subsidiary Capricorn Norge has hired CHC for the provision of helicopter services for its upcoming drilling operations in the Norwegian Sea.
TGS Acquires Spectrum
TGS-NOPEC Geophysical Company has agreed the acquisition of Spectrum, creating a leading provider of 2D and 3D seismic data. The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law between TGS and Spectrum. The transaction is supported by the board of di
Singapore’s GIC Buys Share in MSC’s Box Terminal Operator
Singapore’s sovereign wealth fund GIC acquired a 10% interest in MSC’s Terminal Investment Limited.
New VLCC with 15-Year Charter Joins Ocean Yield
Ocean Yield takes delivery of a new VLCC with a 15-year bareboat charter to Okeanis Eco Tankers.
TUV SUD NEL Launches Oil-in-Water Measurement JIP
TUV SUD NEL, the flow measurement R&D specialist, has launched a Joint Industry Project (JIP) to fill a knowledge gap in the oil & gas industry’s use of online oil-in-water analysers to help optimise oil and gas recovery. In its quest to optimise production and recovery, the oil & gas industry is in
CSA 2020: More Than 20 Ports to Allow Open-Loop Scrubber Use
More than 20 ports confirmed they have no intention of banning the use of open-loop scrubbers.
Diana Shipping Inks Charter Deal with Ausca
Diana Shipping secures time charter for its Panamax Arethusa with Ausca Shipping.
Subsea 7 remains in red despite higher revenues
Subsea 7 recorded a loss during the first quarter of the year while its revenues increased driven by its SURF and Conventional business unit.
Shell’s 1Q profit dips but beats expectations
Oil major Shell on Thursday reported $5.4 billion earnings on a CCS basis, excluding identified items for the first quarter of 2019. This is a two percent drop compared to the first quarter of 2018, but still, a better result than analysts expected.
Akastor Returns to Profit
Oilfield services investment company Akastor recorded profit of NOK 62 million ($7 million) for the first-quarter 2019 compared to loss of NOK 19 million ($2 million) same time in 2018. The Oslo-listed company as a group generated some 21 per cent higher revenue (NOK 1.1 billion) in the Q1 2019 from
CCC: UK Needs 75GW of Offshore Wind to Reach Net-Zero GHG Target by 2050
The UK will need 75GW of operating offshore wind capacity to reach net-zero greenhouse gas (GHG) emissions target by 2050, according to a recent report by the Committee on Climate Change (CCC). Currently, the UK has around 8GW of operating offshore wind capacity. The recent sector deal has set a tar
Hunter Tankers Secures Short-Term Loan from Apollo Asset
Hunter Tankers may use the facility to partially finance the group’s current newbuilding program.
BIMCO: Rising Capesize Deliveries Imperil Fragile Market Balance
Despite increase in demolition volumes, the market for large dry bulk ships is likely to face continued pressure.