Business & Finance
Rival drillers eye Seadrill assets amid restructuring efforts
Rival offshore drilling contractors are reportedly looking to buy the assets of bankrupt Seadrill Limited, controlled by John Fredriksen.
Aquadrill mulls appeal after losing dispute against BP
Aquadrill Offshore, formerly known as Seadrill Partners, has lost in arbitration against BP related to claims for breach of a contract.
GIP puts up for sale its stake in Freeport LNG
U.S. infrastructure investment fund Global Infrastructure Partners (GIP) has put up for sale its 26 per cent stake in the limited partnership behind Freeport LNG.
More work for Floatel as Equinor books Victory
Floatel has secured another contract for one of its units, this time with Norway’s Equinor for operations in Brazilian waters.
Baker Hughes posts 2Q loss despite signs of global economic recovery
Oilfield services provider Baker Hughes has reported a loss in the second quarter of the year although the company did book an increase in orders and revenues.
United States awards grants for small business-led marine energy projects
The U.S. Department of Energy (DOE) has announced funding for continuing research and development projects in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program, including $8.1 million for seven hydropower and marine energy projects.
CNOOC brings online another oilfield off China
CNOOC Limited has started production from its Luda 29-1 oilfield, which is located in the Bohai Sea offshore China.
Harbour Energy cuts guidance after electrical issues delay Tolmount first gas
Harbour Energy has had to lower its output guidance for 2021 as the first gas from its Tolmount field in the North Sea has been postponed.
Kraken inks definitive agreement for PanGeo buy
Canadian marine technology company Kraken Robotics has signed a definitive agreement to acquire 3D acoustic imaging specialist PanGeo Subsea. PanGeo’s assets consist primarily of human capital, know-how and equipment comprised mostly of sub-bottom imaging units and acoustic imaging units that are us
BHP considering options for oil and gas. Exit might be on the cards
Australian oil and gas company BHP is considering what to do with its oil and gas assets with one of its options being a sale, as the firm is looking to focus on a low-carbon economy.
What’s ahead for offshore energy workforce as the world strives for net-zero?
As the energy transition is accelerating across the offshore energy industry, a question arises: what will happen to its workforce?
Shell to appeal ‘historical’ Dutch court ruling on emissions cuts
Oil major Shell has confirmed it will appeal a ruling issued by a Dutch court ordering the energy company to accelerate its carbon emission reduction target.
Ocean Power Technologies deepens 2021 year-end loss
U.S.-based marine energy company Ocean Power Technologies (OPT) has increased its net loss for the fourth quarter and fiscal year 2021, compared to the same period a year earlier.
Biden clean energy plan key to straightening out energy job losses
The U.S. energy sector lost 10 per cent of its workforce last year due to the Covid-19 pandemic and one of the critical ways to revitalise the industry is President Biden’s clean energy plan.