Business & Finance
Tailwind wraps up Decipher Energy takeover
UK-based oil and gas company Tailwind Energy has completed its acquisition of Decipher Energy, which owns several assets in the UK North Sea.
Ex-Oceaneering manager joins Harvey Gulf Subsea Solutions
Harvey Gulf International Marine has hired Steve Olmos, formerly of Oceaneering International, to manage and oversee Harvey Gulf’s Subsea Solutions installations group.
Stena Drilling takes stake in digital offshore lifting tech firm
Stena Drilling has made a move to acquire a 30 per cent stake in Intebloc, a specialist digital lifting technology solutions provider.
KrisEnergy files wind-up petition, prepares for liquidation
Due to its inability to pay debts, Singapore’s oil and gas company KrisEnergy has filed a winding-up petition and will be proceeding towards liquidation.
Sembcorp Marine continues to face labour shortages due to Covid-19
Sembcorp Marine is experiencing labour shortages with a resulting cost impact due to the Covid-19 pandemic and related restrictions.
Santos awarded $11.6 million for Moomba CCS project
Energy major Santos has been granted $11.6 million from the Australian government’s CCS fund for the Moomba carbon capture and storage (CCS) project.
AqualisBraemar LOC gets to work on DolWin5
London-based consultancy AqualisBraemar LOC has secured a contract to provide marine warranty services for the export cable installation of the DolWin5 offshore grid connection project in Germany. The scope of work covers all marine transportation and installation operations relating to the laying o
Lukoil enters Al-Farabi block offshore Kazakhstan
Russian oil company Lukoil has agreed to acquire a stake in an offshore block in the Kazakh sector of the Black Sea from KazMunayGas.
McDermott gets new boss as Dickson heads out
U.S. offshore engineering and construction services player McDermott has revealed that its CEO David Dickson has decided to resign.
Transocean delays deliveries for the world’s first 8th gen ultra-deepwater drillships
Transocean has agreed with Sembcorp Marine’s subsidiary, Jurong Shipyard Pte, on the delayed delivery of two ultra-deepwater drillships.
CMA CGM reports strong Q1
French container shipping major CMA CGM closed the first quarter of this year with strong earnings growth.
Turkey unveils new gas discovery in Black Sea
Turkey’s national oil and gas company TPAO has discovered 135 bcm of natural gas in the North Sakarya field located in the Black Sea.
Rovco sets up hydrographic services division
The UK-based Rovco has launched a new hydrographic services division in which it plans to invest £9.5 million over the next two years. Rovco Survey Solutions will offer wind farm site and cable route surveys, seabed mapping, geophysical and shallow geotechnical services, as well as hazard surveys an
Erma First acquires Germany’s marine water system supplier
Greece-based ballast water equipment manufacturer Erma First has obtained German marine water system provider RWO, considered to be one of the leading suppliers of systems for water and wastewater treatment aboard ships and offshore rigs.