Business & Finance
Three Noble rigs coming back from warm-stack for new gigs
Noble Corporation has won several new contracts for its fleet of drilling rigs, which will see three of its units come back from the warm-stack mode.
Subsea 7 lands ‘sizeable’ prize from mystery client
UK-based engineering, construction and services company Subsea 7 said Friday it has won a ‘sizeable’ contract with an undisclosed client. The deal is between $50 million and $150 million, the company said in its Oslo Exchange filing. The scope of work includes engineering, project management and pro
DSME: Shell-chartered LNG-fueled VLCCs order worth $968.9 million
South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering has put a 1.1 trillion won ($968.9 million) on the ten Shell-chartered LNG-fueled VLCCs.
Jersey in fundraising talks, launches Greater Buchan Area farm-out process
North Sea-focused Jersey Oil & Gas has formally launched the farm-out process of the Greater Buchan Area in the UK North Sea and started talks to raise funds to progress work on the project.
Zero-emission fuels need to make up 5% of the fuel mix by 2030
Zero-emission fuels need to make up 5 percent of the international shipping fuel mix by 2030 to enable decarbonization in line with Paris goals, the Getting to Zero Coalition said in an analysis. To reach decarbonization by 2050, zero-emission fuels need torepresent 27 percent of total energy by 203
Shell CEO takes large pay cut after difficult 2020
The pay package of Shell CEO, Ben van Beurden, dropped by 42 per cent to $7 million in 2020, a year marked by low oil prices and the coronavirus pandemic.
Two oilfield services providers set to create full-cycle player
Expro Group and Frank’s International have entered into a definitive agreement to combine in an all-stock transaction.
Uniper, Liberty Pier Maritime & SDC set up Green Methanol Cooperation
Germany’s Uniper has teamed up with shipping service provider Liberty Pier Maritime Projects and the engineering firm Ship Design & Consult (SDC) to establish green methanol on the market as a sustainable marine fuel. The three companies have formed an open collaboration — the Green Methanol Coopera
Equinor gets go-ahead to drill North Sea well duo
Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using the West Hercules rig. The wells named 30/11-U-1 and 30/11-U-2 are located in Production licence 035 and 272 in the North Sea. The licences a
Bilfinger Salamis names new general manager for Southern North Sea
Oilfield services provider Bilfinger Salamis UK has appointed Adam Mason as General Manager for its Southern North Sea business.
BW Ideol entering Oslo stock exchange, sets 10 GW target for 2030
BW Ideol, a company established after oil & gas services provider BW Offshore bought into the floating wind technology developer Ideol, has applied for admission to the Oslo Stock Exchange and is expected to start trading there around 18 March. Through a private placement of shares, for which a day-
OMV Petrom signs contract for block offshore Georgia
Romanian oil and gas company OMV Petrom has signed the production sharing contract (PSC) for the offshore Block II in the exclusive economic zone of the Georgian Black Sea.
Damen gets funding to lease mobile BWTS in emerging markets
Climate Investor Two (CI2) has approved an investment that could amount to €24.5 million (about $29.3 million) to support the lease of Damen’s portable ballast water treatment (BWT) solution InvaSave to clients in Africa, Asia, and Latin America.
CHC to take over Babcock’s oil and gas business
CHC Group has entered into a conditional agreement for the acquisition of the Oil and Gas aviation business of Babcock International Group.