Business & Finance
Worker dies on Seadrill drillship in Gulf of Mexico
An incident on board a Seadrill-owned drillship working for Kosmos Energy in the U.S. Gulf of Mexico has resulted in the death of one offshore worker.
Eni gets new licence in UK North Sea
Eni has been awarded a new production licence in the UK North Sea, resulting from an application made in the 32nd UK Offshore Licensing Round.
Dana to withdraw from North Sea gas project
Following a review, oil and gas company Dana Petroleum is abandoning an offshore gas project located in the UK sector of the North Sea.
MAATS Tech nets contract for Van Oord’s new CLV
MAATS Tech has secured a contract with VARD to deliver cable lay equipment for Van Oord’s new cable laying vessel (CLV). “I am immensely proud of the team effort that has gone into winning this contract and continues our track record in providing this type of equipment in the cable industry, already
Santos gearing up for new well offshore Australia
Santos has filed an environmental plan for exploration drilling of the Dancer-1 well, located offshore Australia, to Australian authorities.
Polarcus stock crashes on loan default news
Marine seismic player Polarcus said on Tuesday it has defaulted on debt payments and that it will halt all interest and installment payments to finance providers. As a result, the company’s shares fell over 30 percent before the Oslo Stock Exchange stopped trading on Tuesday morning. During these di
Fugro and NYK add OYO to Japanese offshore wind team
Fugro and NYK Group have signed a strategic Memorandum of Understanding (MoU) with Japanese geoscience specialist OYO Corporation (OYO). Back in November 2020, Fugro and NYK signed an MoU to jointly provide offshore geotechnical services in Japan, with an option to jointly operate a specialist inves
Premier farms down Tuna block ahead of appraisal campaign
Oil and gas company Premier Oil has completed the farm down of its interest in the Tuna PSC, offshore Indonesia to Zarubezhneft.
KSOE extends deadline for DSME acquisition
Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding holding company of Hyundai Heavy Industries Group, has extended the deadline for the acquisition of shares in compatriot Daewoo Shipbuilding and Marine Engineering (DSME) amid regulatory delays. The mega-merger deadline has been extend
ADES scores new jack-up rig deal offshore Egypt
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa, has won a contract for one of its jack-up drilling rigs from an undisclosed client.
HSBC issues green guarantee to back Lamprell’s Seagreen OWF contract
HSBC has issued a green trade finance facility raising $ 48 million (around € 40 million) for UAE-based Lamprell to support the company’s fabrication work for the Seagreen offshore wind farm in Scotland. The facility, for which HSBC was the sole arranger, is the first green guarantee in the Middle E
Hess allocates 41 pct of budget to Guyana projects
Hess Corporation has allocated the majority of its E&P budget for 2021 to Guyana developments and the Bakken with Guyana getting 41 per cent.
Safeway, Tyne Gangway join forces in UK
Dutch company Safeway and the UK-based Tyne Gangway have signed a cooperation agreement, which will see Tyne Gangway supporting Safeway in the Port of Tyne and the UK. The UK company, specialising in design and manufacturing of marine access systems, will provide the aluminium inner and outer boom a
Diamond Offshore hammers out restructuring plan
Offshore drilling contractor Diamond Offshore has entered into a restructuring agreement to deleverage its balance sheet.