Business & Finance
Kraken finalises PanGeo Subsea purchase
Canada-based marine technology company Kraken Robotics has completed the acquisition of 3D acoustic imaging specialist PanGeo Subsea.
SBM Offshore and Petrobras ink letter of intent for new Mero FPSO as partners take FID
SBM Offshore has signed a letter of intent with Petrobras for a 22.5 years lease and operate contracts of FPSO Alexandre de Gusmão.
Dyna-Mac gets order to build FPSO topside modules
Dyna-Mac has secured a fabrication project from a Chinese company for a total provisional contract sum of S$114 million.
Maersk ups 2021 profit expectations, reports Q2 record results
Danish shipping and logistics giant A.P. Moller – Maersk has upgraded its 2021 full-year guidance reporting strong performance in Q2 2021.
Masdar joint venture starts construction of 145MW floating solar plant in Indonesia
Abu Dhabi-based renewable energy developer Masdar and Indonesia’s state-owned power company PT PLN have reached financial close and started construction of a 145MW floating solar project in Indonesia.
IOG spuds Blythe development well ahead of first gas
UK gas company IOG plc has started drilling the Blythe development well located in the UK North Sea ahead of the first gas from the hub.
McDermott sets up 2030 emission reduction targets
U.S. offshore engineering and construction services firm McDermott International has set up emission reduction targets, outlined in its recent sustainability report. McDermott’s aim is to reach a 50% reduction in scope 1 and 2 greenhouse gas (GHG) emissions by 2030, as well as a 35% reduction in sco
Eni cheers new oil find offshore Mexico
Eni has made an oil find in Upper Miocene sequences on the Sayulita Exploration Prospect in Block 10 in the mid-deep water offshore Mexico.
EuroAsia Interconnector secures €100 million EU grant
The Council of the European Union has approved the allocation of a €100 million grant for the EuroAsia Interconnector electricity interconnector. The announcement comes as part of the Recovery and Resilience Plan for Cyprus to end the energy isolation as it is the last non-interconnected EU member s
Two new deals awarded for Qatar’s giant offshore oilfield
North Oil Company, the operator of the Al-Shaheen field offshore Qatar, has awarded contracts to PTSC and to Rosetti Marino.
Santos offers better deal to Oil Search in push to create top 20 global oil firm
Following the recent rejection of a merger proposal, Australia’s energy giant Santos has improved its offer for its merger with Oil Search.
KCA Deutag to target energy transition market with new business unit
KCA Deutag has created a new business unit that will expand its offering in both the hydrocarbons and energy transition markets.
Jadestone closes Malaysian deal with SapuraOMV
Singapore’s Jadestone Energy has completed its previously announced acquisition of the Peninsular Malaysia assets from SapuraOMV.
Subsea 7 buys into Spanish floating wind specialist
Subsea engineering, construction and services company Subsea 7 has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in Bilbao, Spain. According to Subsea 7, Nautilus has developed a