Business & Finance
Sonardyne Group names new CEO
Sonardyne Group has appointed Stephen Fasham as chief executive officer, succeeding John Ramsden who is stepping down from the role ahead of retirement. Fasham, currently the company’s chief operating officer, will assume the CEO role effective 1 September, with Ramsden remaining on the board until
Petrobras books Fugro for IRM services
Petrobras has awarded Fugro with a three-year contract for subsea inspection, repair and maintenance (IRM) services in Brazil. The contract is set to begin in Q4 2021 and will be carried out from Fugro Aquarius using two Fugro-built 3000-meter work-class remotely operated vehicles (ROVs). The award
Odfjell exits gas carrier business
Odfjell Gas Shipowning AS, part of Norwegian shipping and tank terminal company Odfjell SE, has entered into a transaction agreement with Singapore-based ship owner and operator BW Epic Kosan Ltd. (BWEK) for the sale of two LPG/ethylene carriers.
Tekmar and DeepWater Buoyancy ink floating wind MoU
Tekmar Group and DeepWater Buoyancy have signed a Memorandum of Understanding (MoU) to work together in the floating offshore wind sector. The partnership will offer a collective package of geotechnical assessment and engineering analysis, cable, and mooring system design, cable protection and stabi
Woodside admits merger discussions with BHP oil and gas business
Australia’s energy major Woodside has admitted that it was ‘engaged in discussions’ with compatriot BHP for the acquisition of its entire petroleum business.
Gambia’s A1 Block on the market following BP exit
The Gambia’s A1 offshore block is once again free for licensing only days after BP agreed to a $29.3 million settlement for failing to meet its drilling obligations in the block.
Advent Energy picks subsea equipment for Seablue-1 exploration well
Dril-Quip has secured a Letter of Intent (LoI) with Advent Energy for the provision of subsea equipment for the upcoming Seablue-1 exploration well at the Baleen prospect in Australia. Dril-Quip will provide subsea wellhead equipment, materials and associated services for the well located approximat
Dana Petroleum farms into Summit’s license off UK
Summit Exploration and Production has farmed out its P.2382 (Block 22/14c) UK Central North Sea license to Dana Petroleum E&P Limited.
Sempra Energy close to fully owning IEnova
U.S LNG operator Sempra Energy has launched a tender offer to purchase for cash the 3.6 per cent of the outstanding shares of Infraestructura Energética Nova (IEnova) that it doesn’t own.
Pressure growing on BHP to shed oil and gas business
Even more pressure is being put on Australia’s energy major BHP to announce a firm stance on the future of its oil and gas business when it announces its results next Tuesday.
HMM posts “highest profit ever” in H1 2021
South Korean shipping major HMM reported KRW 2408.2 billion ($2 billion) operating profit, “the highest ever” in the first half of 2021.
LS Cable & System to acquire largest subsea cable laying barge in Korea
LS Cable & System has revealed the plan to secure the largest submarine cable laying barge in Korea to increase participation in domestic and overseas projects.
Ocean Infinity buys marine geotechnics firm
Marine robotics company Ocean Infinity has acquired the UK-based marine geotechnics firm Geowynd.
Euronav suffers $89.7M loss in “challenging” Q2
Antwerp-based tanker shipping company Euronav has reported a challenging second quarter of 2021 which ended in a $90 million deficit.