Business & Finance
Tullow Oil closes Equatorial Guinea assets sale to Panoro
Oil and gas company Tullow Oil has completed the sale of its assets in Equatorial Guinea to Oslo-listed Panoro Energy.
Premier Oil and Chrysaor formally become Harbour Energy
The completion of the all-share merger of Chrysaor and Premier Oil has formally been completed and the company, named Harbour Energy, will be admitted to trading on the London Stock Exchange from 1 April 2021.
Russia’s Lukoil gives up on FAR takeover plans
Russia’s Lukoil will not be proceeding with its previous plans to take over Australia’s FAR Limited and enter the Sangomar project located offshore Senegal.
Bristow in executive changes to adapt to energy transition
Offshore helicopter operator Bristow has made changes to its executive leadership team structure to help it capitalise on new market conditions and the evolving energy transition.
ST3 Offshore still looking for a buyer, lowers selling price
The bankrupt Polish offshore wind foundation manufacturer, ST3 Offshore, has not found a buyer through a tender issued in the second half of February, and has now opened a new tender with a 10 per cent lower starting price. The new tender, open for bidding until 14:00 on 14 April, offers a starting
Stena drillship arrives in Mexico ahead of new gig
A Stena Drilling-owned drillship has arrived in Mexico ahead of its offshore contract with the Spanish oil company Repsol.
ExxonMobil nearly ready to start up Guyana FPSO compressor
ExxonMobil is preparing to start up a gas compressor on its Liza Destiny FPSO, operating off Guyana, following a technical issue.
Parkmead agrees ‘in principle’ to become Platypus operator
Independent oil and gas Parkmead has agreed ‘in principle’ to take over operatorship of the Platypus project in the North Sea from Dana Petroleum.
Giant Pioneering Spirit vessel gets second lift system
Allseas has equipped its Pioneering Spirit vessel with a second lift system capable of removing and installing complete jackets in one go.
Axess to continue providing periodic surveys for Odfjell rigs
Axess Group and rig owner Odfjell Drilling have signed an extension of a frame agreement held between the companies since 2016.
PIL wraps up restructuring, raises $600M of fresh funding
Singapore-based container shipping company Pacific International Lines (PIL) has completed its restructuring process, securing $600 million in fresh capital in order to stay afloat.
KrisEnergy completes Vietnam farm-out
After several delays, KrisEnergy has completed a farm-out agreement for its entire working interest in Block 115/09 located offshore Vietnam.
Höegh LNG going private approved
Shareholders of Norway’s floating terminal projects company Höegh LNG have voted in favor of the merger plan with funds managed by Morgan Stanley Infrastructure Partners.
Ørsted unveils plans for large offshore wind-to-hydrogen project
Ørsted has unveiled plans for the development of one of the world’s largest renewable hydrogen plants, powered by offshore wind, which would be linked to industrial demand in the Netherlands and Belgium. The project, named SeaH2Land and planned to be built by 2030, would comprise a renewable hydroge