Business & Finance
ExxonMobil cutting 300 jobs in Singapore
Oil major ExxonMobil will reduce staffing levels at its Singapore affiliate as part of its ongoing effort to improve and sustain long-term competitiveness.
Noble rig hired to drill two wells near Dorado
Santos has hired the Noble Corporation-owned Noble Tom Prosser jack-up drilling rig to drill two exploration wells offshore Australia.
Archer picks up well integrity deal extension with Petronas Carigali
Quarterback Services, the local agent of Archer Well Company, has won a one-year extension with Petronas Carigali for the provision of well downhole leak detection services using ultrasound technology.
CMA CGM takes an equity stake in TTIA container terminal in Algeciras
French shipping and logistics major CMA CGM Group has through its CMA Terminals subsidiary acquired a 50% interest minus one share in Spain’s Total Terminal International Algeciras (TTIA) port terminal. The TTIA terminal, located in the Strait of Gibraltar at the crossroads of trade between Asia, th
ADNOC: Crown Prince of Abu Dhabi takes chair of new board
The Crown Prince of the Emirate of Abu Dhabi and the de facto ruler of Abu Dhabi Mohamed bin Zayed bin Sultan Al Nahyan, better known under his initials MBZ, has been named the chairman of the board of directors of state oil firm Abu Dhabi National Oil Company (ADNOC).
FSL Trust refinances 5 tankers
FSL newbuilds
Lundin and Odfjell firm up rig contract worth $33 million
Lundin Energy and Odfjell Drilling have now signed a contract for the Deepsea Stavanger rig following a letter of intent from January 2021.
UNEP FI releases guide on blue financing for sustainable ocean recovery
United Nations Environment Programme Finance Initiative (UNEP FI) has released a new guidance on blue finance to help banks, insurers and investors take action on the transition of ocean sectors to a sustainable future.
EnQuest starts shutting down Don fields in North Sea
EnQuest has started the cessation of production activities on the Northern Producer floating production facility at the Don fields in the UK North Sea.
HMM charters VLCC newbuilding trio
South Korean shipping company HMM has chartered the three very large crude carriers (VLCC) set to be built by Hyundai Samho Heavy Industries, a subsidiary of Korea Shipbuilding & Offshore Engineering Co. The KRW 298.8 billion ($268.9 million) contract for the construction of the newbuilds was announ
Ocean Winds enters floating wind partnership in Greece
Ocean Winds (OW), a joint venture between EDP Renewables and ENGIE, has signed a collaboration agreement with the Greek renewable energy company Terna Energy to co-develop floating offshore wind projects in Greece. The companies said they were joining forces to identify the most suitable areas and c
CGG boss joins TechnipFMC board
UK-based subsea major TechnipFMC has appointed Sophie Zurquiyah, chief executive officer of French-based geophysical services company CGG, to its board of directors and audit committee. The appointment will become effective 1 April 2021. Zurquiyah, 54, has served as CEO at CGG since 2018. She joined
SOFEC delivers equipment for Eni’s Mexico-bound FPSO
Offshore mooring systems provider SOFEC has delivered key pieces of equipment for a MODEC FPSO vessel, which will operate for Eni in waters offshore Mexico.
Ørsted, Eversource ink State Pier upgrade deal with City of New London
Ørsted and Eversource, through their joint venture, have signed a Host Community Agreement (HCA) with the City of New London in Connecticut, U.S., for the redevelopment of the city port’s State Pier to enable it to support offshore wind farm construction. The State Pier is planned to be upgraded to