Business & Finance
Eni in pact with SKK Migas for exploration in Indonesia
Eni has signed a Memorandum of Understanding with SKK Migas for cooperation on exploration activities in Indonesia.
Rovco and PanGeo team up for 3D O&M and survey solutions
UK companies Rovco and PanGeo Subsea have joined forces to offer innovative 3D operations & maintenance and survey solutions. According to Rovco, the partnership is designed to combine the companies’ areas of expertise to capture and provide early insight into changing subsea components and environm
Siem Offshore vessel to support Kinsale P&A campaign
Offshore vessel owner Siem Offshore has been awarded a three-month firm contract for an AHTS with PSE Kinsale Energy.
Shell to bid for two offshore wind areas in Norway
Dutch oil major Shell has partnered with Norwegian hydropower producers BKK and Lyse to apply for licenses in two areas currently offered by Norwegian government for offshore wind development. The consortium is now working to prepare applications for projects in the Utsira Nord area, deemed better s
Esvagt rakes in vessel deals as market activity increases
Danish offshore vessel provider Esvagt has recently won several new deals for its vessels as activity in the oil and gas market increases.
Norwegian exploration player turning into full-cycle E&P as Repsol exits Brage
Lime Petroleum, a subsidiary of Singapore’s Rex International, is buying Repsol’s interest in the Brage field located offshore Norway.
Global Ship Lease buys boxship quartet for $148 million
London-based containership owner Global Ship Lease (GSL) has agreed to purchase four Panamax containerships on multi-year charters.
Axxis Geo Solutions sells 65-meter seismic survey vessel
Financially troubled ocean bottom node seismic player Axxis Geo Solutions has completed the sale of its seismic survey vessel Neptune Naiad. Axxis Geo Solutions entered into a Memorandum of Agreement (MoA) with Sanco Holding in May for the sale of the 65-meter long vessel and certain equipment. The
Wood secures extension with Equinor in Norway
Wood has been awarded an extension to its existing framework agreement with Equinor to support its offshore assets offshore Norway.
Vaalco takes Borr rig for Etame drilling campaign
Houston-based oil and gas company Vaalco Energy has hired one of Borr Drilling’s jack-up rigs for its 2021/2022 drilling program on the Etame field off Gabon.
Equinor extends the life of Heimdal gas hub
Norwegian oil and gas giant Equinor is extending the life of the Heimdal gas centre, located in the North Sea, to 2023. New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon. The field partners have now decided to extend operations at Heimdal to 2023
MOL gearing up for North Sea appraisal well
The Norwegian Petroleum Directorate has granted MOL Norge a drilling permit for an appraisal well in the North Sea off Norway.
Hydrogen – the coolest thing you can put on a ship
Hydrogen (LH2), be it blue, or green, is at the heart of the energy transition talks taking place around the globe, especially as major economies of the world pledge to become net-zero nations. Building up the hydrogen society has been a hot potato for decades and the switch from coal, fossil fuels,
Transocean adds $116 million to backlog with fresh deals in Norway
Offshore drilling contractor Transocean has been awarded two contracts for its rigs for operations in waters offshore Norway.