Business & Finance
SBM Offshore orders fourth Fast4Ward FPSO hull from SWS
Dutch FPSO giant SBM Offshore has ordered the fourth Fast4Ward FPSO hull from the Chinese Shanghai Waigaoqiao Shipbuilding (SWS) shipyard.
Revamped training and safety centre launched in Aberdeen
Maersk Training has launched the first half of its refurbished Aberdeen safety and survival centre which has undergone a refurbishment.
Port of NY and NJ secures funding for electrification initiatives
The Port Authority of New York and New Jersey, several Port of New York of New Jersey tenants, and other agencies and organizations across the state are set to receive more than $100 million for clean, equitable transportation projects.
Aban Offshore selling four jack-ups and two drillships
Aban Offshore is selling two jack-up rigs, a drillship, and a floating production unit owned by Aban and two jack-ups and a drillship owned by subsidiaries.
SeaBird going public with Green Minerals
Seismic player SeaBird has applied for admission to trading for its wholly-owned subsidiary Green Minerals on Euronext Growth Oslo. As informed earlier, the move is part of a funding plan to raise minimum NOK 30 million from the issuance of new ordinary shares in the company, representing up to 25 p
Prime International buys Eni’s Pakistan assets
Italian oil and gas company Eni reached an agreement to sell its shares in its entities in Pakistan to Prime International Oil&Gas Company.
ExxonMobil set to spud new Guyana well
Oil major ExxonMobil is nearly ready to start drilling the second of three exploration wells at the Canje Block located offshore Guyana.
Eni could list stake in new retail-renewable spin-off
Italian oil and gas company Eni is looking to spin off a new combined retail and renewable energy business next year and sell a minority stake to further fund its energy transition plans.
Cairn sells stakes in two UK fields, buys Shell assets in Egypt
Cairn Energy has made two deals, one for the sale of its interests in two UK fields and the other for the purchase of Shell’s assets in Egypt.
K Line to set up carbon-neutral promotion group
Japanese shipping major K Line is launching a new department focusing on businesses and projects for carbon neutrality including renewable energy effective on April 1st, 2021. The new unit is being set up as the demand for decarbonization in the sector continues to grow, putting a major pressure on
Samsung to pay $411 million to Stena Drilling after losing rig dispute
Samsung Heavy will have to pay $411 million to rig owner Stena Drilling after losing a dispute related to the termination of a rig construction contract.
Brazil government nominates six Petrobras board members
The Brazilian government has nominated six potential board members of Petrobras, to be voted on at the upcoming extraordinary general meeting.
Chrysaor renews North Sea contract for Stork
Stork, a Fluor company, has been awarded a two-year contract extension by Chrysaor to deliver offshore integrated specialist asset integrity services in the UK. The company said on Monday it would continue to deliver an inclusive range of asset management solutions and capabilities to extend the off
NEO Energy pushes for further growth with fresh North Sea deal worth $625 million
NEO Energy has made a deal to acquire Zennor Petroleum for about $625 million, less than two weeks after announcing a deal with ExxonMobil.