Business & Finance
Qatar Petroleum teams up with Shell in deepwater blocks off Namibia
State-owned Qatar Petroleum has entered into an agreement with oil major Shell to become a partner in two exploration blocks offshore the Republic of Namibia.
Tullow kicks off multi-year drilling campaign off Ghana
Tullow Oil has started a multi-year, multi-well drilling campaign off Ghana following the beginning of drilling of the first well at the Jubilee field.
Masirah Oil wraps up drilling program in Oman
Masirah Oil has completed drilling three exploration prospects that were located near to the Yumna offshore field, located in the Arabian Sea.
3t Energy installs well control simulator in China
Energy training services & technology solutions provider 3t Energy Group has installed a next-generation simulator at CNOOC’s Well Control Centre (CWCC) to increase training capabilities in China.
CSSC collects largest boxship order yet
China State Shipbuilding Corporation (CSSC) has won its single largest contract for the construction of large containerships worth over CNY 10 billion ($1.52 billion). The Chinese shipbuilding major said that the order covers the construction of thirteen 16,000 TEU LNG-ready containerships. The cons
Two recruitment specialists target drilling sector in Americas
Aberdeen-based recruitment services provider Drillmar has joined forces with JAB Recruitment to provide staffing solutions across the Americas.
Tech trio invest in FiveT Hydrogen Fund
Plug Power, Chart Industries and Baker Hughes have teamed up as cornerstone investors in FiveT Hydrogen Fund.
Sempra sells stake in Sempra Infrastructure for $3.4 bln
San Diego-based Sempra Energy has agreed to sell a 20 per cent equity stake in Sempra Infrastructure Partners to KKR for $3.37 billion.
MODEC president & CEO resigns
Japan’s floating solutions provider MODEC has made changes to its executive management team following the resignation of its president and CEO.
Seadrill asks creditors to write off $4.8 billion of debt
Offshore drilling rig contractor Seadrill has asked creditors to write off more than 85 per cent of its debts in exchange for a 99 per cent stake in the reorganized company.
Japanese to fast-track Kashima Port offshore wind project
Wind Power Energy is planning to accelerate the development of the Kashima offshore wind project in Japan. The project is planned to commence construction in 2024 at its 680 ha site in Kashima Port in the Ibaraki Prefecture. The joint venture of Wind Power Group, Tokyo Gas, and Vena Energy is develo
US R&D consortium awards $8 million for offshore wind innovations
The U.S. National Offshore Wind Research and Development Consortium has selected 15 projects to receive USD 8 million for support structure and electrical system innovation, supply chain development, and solutions for impacts on wildlife and radar. Amongst the four projects chosen for innovative sup
HydraWell tech chosen for Kinsale decommissioning
Well integrity specialist HydraWell has been awarded a multi-year contract with PSE Kinsale Energy to support a major decommissioning project in Ireland.
Petronas declares force majeure on Myanmar field
Malaysian oil and gas giant Petronas has declared force majeure on its Yetagun field, located offshore Myanmar, due to a significant decline in output.