Business & Finance
Solstad vessels to support drilling off Australia and Timor Leste
Norwegian vessel owner Solstad Offshore has secured new contract awards for its vessels for operations in Australia and Timor Leste.
Chevron invests $300 million in low-carbon technology
U.S. oil major Chevron has, through one of its subsidiaries, launched a $300 million-worth Future Energy Fund II focused on technologies that would enable cleaner energy for all.
Loss widens for DOF Subsea
Oslo-listed DOF Subsea has seen its fourth-quarter 2020 loss widened on higher depreciation and impairment charges and lower operating revenue compared to same time last year. The company reported NOK 115 million loss in the fourth quarter of 2020, versus NOK 30 million in Q4 2019. Operating revenue
ADNOC fleet expansion to add 12 million barrels cargo capacity
ADNOC Logistics & Services, the shipping and maritime logistics arm of ADNOC, is expanding its fleet with the acquisition of six VLCCs.
Golar LNG profit slips, FLNG Hilli Episeyo hits cargo milestone
Golar LNG, owner and operator of LNG midstream infrastructure, saw its fourth-quarter profit dwindle.
Vaalco closes Etame Marin block stake buy from Sasol
Houston-based oil and gas company Vaalco Energy has closed the acquisition of Sasol’s 27.8 per cent working interest in the Etame Marin block offshore Gabon.
Borr Drilling nets new deals for jack-up rigs
Borr Drilling has won a new contract and signed four letters of intent and one letter of award for its fleet of jack-up drilling rigs.
Oceaneering narrows loss in fourth quarter
Subsea engineering specialist Oceaneering has narrowed its loss in the fourth quarter of 2020, despite revenue drop of close to 25 per cent. The Houston-based company has reported a net loss of $25 million on revenue of $424 million for the fourth quarter 2020. Adjusted profit was $1.8 million, refl
Seven oil players apply for production licences off Norway
Seven oil and gas companies have applied for production licences in the 25th licensing round offshore Norway, focusing on the Barents Sea.
ConocoPhillips VP and COO retiring after 35 years
ConocoPhillips has announced the retirement of Matt Fox as executive vice president and chief operating officer after a 35-year career with the company.
Eco Wave Power narrows 2020 losses
Swedish-Israeli onshore wave energy technology company Eco Wave Power has released financial results for 2020, which show a slight decrease in net loss compared to the results posted a year earlier.
Report: Baker Hughes and others quit Nord Stream 2 amid threat of sanctions
Baker Hughes, AXA Group, and 16 other companies have reportedly abandoned work on the Nord Stream 2 pipeline project and will not be sanctioned by the U.S.
New MD for Rovco as Allen takes lead at tech start-up Vaarst
Subsea technology company Rovco has appointed Simon Miller to take over as new managing director. Newly-appointed chief financial officer and director Nick Boorman will lead the group alongside CEO and founder Brian Allen. Miller previously spent 12 months as general manager at Rovco’s operational b
Bladt expanding its facilities to accommodate production of giant offshore wind foundations
Bladt Industries is investing in an expansion of its production facilities at Lindø port of Odense in Denmark to enable the production of XXL monopiles for future offshore wind turbines. The planning for new facilities has already begun and the company has already signed the first agreements with ma