Business & Finance
Another Maersk rig coming back from warm-stack for new job
Maersk Drilling has been awarded a contract with Aker BP for the ultra-harsh environment jack-up rig Maersk Reacher, which will be reactivated for the job.
Samsung Heavy lands $2.5 billion deal for 20 Evergreen boxships
South Korean shipbuilder Samsung Heavy Industries (SHI) has been selected by Evergreen Marine Corp. to build twenty 15,000 TEU containerships for the Taiwanese shipping major.
Velesto rig lands ConocoPhillips gig
Malaysian contractor Velesto Drilling has received a letter of award from ConocoPhillips for the provision of jack-up rig services.
Energean getting $118 million aid due to ‘severe losses’
Energean is getting financial aid of nearly $118 million due to losses suffered during last year’s oil price collapse in the wake of the Covid-19 outbreak.
Mexican ministry to decide on Zama field unitization
Talos Energy has informed that the unitization process of the Zama oil field off Mexico will enter its next phase, as established in Mexican regulation.
West Mira rig returning to work in April after dropping X-mas tree on seabed
Following an equipment failure on the West Mira rig while it was working for Wintershall Dea in Norway, the rig is expected to remain offline for weeks.
OceanTools secures second Proeon Systems subsea housings order
Subsea engineering company OceanTools has completed the initial subsea housings supply contract for Proeon Systems, securing a second major order from the same company.
Sval Energi closes $300 million buy of Edison Norge
Sval Energi has completed its $300 million acquisition of Edison Norge, expanding its portfolio and workforce as part of the company’s growth strategy.
Hyundai pens deal with Wan Hai Lines for boxship quintet
Taiwanese shipping company Wan Hai Lines has placed an order with Hyundai Heavy Industries for five 13,200 TEU container vessels. Wan Hai did not disclose the value of the deal, however, Hyundai said in a stock exchange filing that the contract was worth KRW 637 billion ($ 563 million). The new vess
Total takes Jacktel’s Haven rig for Tyra job
Offshore accommodation provider Jacktel has won a contract from Total E&P for the use of the accommodation jack-up Haven at the Tyra field offshore Denmark.
Jan De Nul lays keel for mega jack-up
Jan De Nul has laid the keel for its jack-up vessel Voltaire at the Cosco Shipping Shipyard in Nantong, China. Jan De Nul started the construction of Voltaire in May last year with a steel cutting ceremony at the Cosco shipyard. The jack-up will be able to transport, lift and install the next-genera
Lundin makes minor oil discovery in North Sea
Oil and gas company Lundin Energy Norway has made a minor oil discovery near the Solveig field in the North Sea off Norway.
Santos restarts production from offshore field trio
Australian energy giant Santos has restarted production from the Ningaloo Vision FPSO following scheduled maintenance in Singapore.
PKN Orlen and Northland Power finalize Polish offshore wind deal
Northland Power and PKN Orlen have finalized their strategic partnership under which Northland Power is acquiring a 49% stake in the 1.2 GW Baltic Power offshore wind project in Poland. After fulfillment of the conditions precedent, including merger clearance, stipulated in the joint venture agreeme