Business & Finance
Wood to pay $177M to settle US, UK, Brazilian bribery charges
Energy services company John Wood Group has resolved bribery and corruption investigations into the past use of third parties in the legacy Amec Foster Wheeler business.
TotalEnergies books Shelf rig for Nigeria wells
Offshore drilling contractor Shelf Drilling has secured a contract for a jack-up rig with Total E&P Nigeria for operations offshore Nigeria.
Eco Atlantic enters ExxonMobil’s Canje block off Guyana
Eco Atlantic has increased its position in Guyana through an acquisition of an interest in the ExxonMobil-operated Canje offshore block.
UK High Court rejects Hurricane Energy’s debt restructuring plan
The High Court of Justice of England and Wales has not sanctioned Hurricane Energy’s financial restructuring plan that would have handed control of the company to its bondholders.
Alfa Laval, Wallenius to set up a JV focusing on wind propulsion
Alfa Laval and Wallenius are joining forces in a 50/50 joint venture, named AlfaWall Oceanbird, that will supply wind propulsion solutions for cargo vessels and other ship types. Under the agreement signed on June 28, 2021, the plan is to have the first Oceanbird system onboard a vessel within five
Fugro completes Seabed Geosolutions divestment
Fugro has completed the divestment of certain assets and the related business of its non-core subsidiary Seabed Geosolutions to PXGEO for $16 million in cash.
Saga Pure takes stake in hydrogen company Hyon
Saga Pure, a Norwegian green investment company that recently switched its focus from shipping to renewables, has decided to acquire a stake in Hyon AS, a compatriot hydrogen solutions provider.
Santos launches Dorado FEED program
Australian oil and gas firm Santos has launched the front-end engineering and design (FEED) phase of the Dorado project in the Bedout Sub-basin, offshore Western Australia.
Frontline adds two scrubber-fitted ECO-type VLCCs to its fleet
Norwegian tanker owner and operator Frontline has entered into an acquisition deal for two scrubber-fitted, ECO-type very large crude carriers (VLCCs) worth a total of $180 million. Frontline said it intends to meet the financing of this acquisition with existing borrowing facilities and establish l
AqualisBraemar LOC wraps up Sable campaign for ExxonMobil
AqualisBraemar LOC has completed its assignment in connection with the decommissioning & removal campaign of the Sable Project in Nova Scotia.
Ghana court orders Eni to freeze slice of Sankofa revenues amid unitisation dispute with Springfield
A court has ordered Eni to place part of its revenues from a field in Ghana in an escrow account until a unitisation agreement is reached with Springfield.
EMGS enters multi-client data deal
Electromagnetic Geoservices (EMGS) has entered into a framework contract with an existing customer for licensing of multi-client data from the company’s international multi-client library.
Pioneer Marine puts entire bulker fleet up for sale
Greece-based dry bulk shipowner Pioneer Marine has announced that it will sell the remaining handysize bulk carriers after which the entire company will be dissolved.
Bangladesh to purchase 3.36m MMBtu LNG from Excelerate Energy
The government of Bangladesh plans to buy 3.36 million metric million British thermal units (MMBtu) of LNG from US-based Excelerate Energy.