Business & Finance
TMC to supply topside compressors for Shell’s Bonga FPSO
TMC Compressors (TMC) has been contracted to supply a complete offshore topside compressed air system to Shell’s Bonga Main FPSO.
Pipeshield scores record contract
Subsea asset protection expert Pipeshield has secured its largest contract win to date. The deal will see Pipeshield design, engineer, and manufacture a subsea scour protection solution for a major quay development project. According to its parent company Tekmar, the contract has a value of more tha
Floatel lands three new deals, reaches agreement with lenders
Offshore accommodation provider and reached an agreement with its lenders, which will enable it to retain the Floatel Endurance in its fleet.
KSOE reaps a windfall with $262.5 million deal
South Korean shipbuilder Korea Shipbuilding & Offshore Engineering (KSOE) is resuming its winning streak in the new year having secured orders worth 288 billion won ($262.5 million). The company’s subsidiary Hyundai Samho Heavy Industries has won an order for an LNG carrier worth 198.9 billion won f
Borr Drilling adds $35 million to backlog with potential for even more work
Offshore drilling contractor Borr Drilling has added about $35 million to its backlog following new contract awards for its jack-up rig fleet.
U.S. offshore rig count stays flat for another week
The number of offshore rigs in the U.S. remained unchanged last week, according to the latest rig count reports by Baker Hughes.
BP relaunches sale of North Sea assets Premier Oil gave up on
BP has reportedly relaunched the sale of its North Sea assets it initially tried to sell to Premier Oil before its takeover by Chrysaor.
Mayflower Wind electricity users stand to save $ 500 million
US offshore wind developer Mayflower Wind said that the price of electricity generated at its 804 MW wind farm offshore Massachusetts is on track to go down by around 10 per cent. This is due to the recently increased and extended federal Offshore Wind Energy Investment Tax Credit, the developer sai
ADES on the lookout for new CFO
ADES International is searching for a new Chief Financial Officer (CFO) following the resignation of Khaled Hassan, the group’s current CFO.
Energean takes over Total stake in block off Greece
Energean has completed its acquisition of Total’s entire 50 per cent working interest share and operatorship position in Block 2, offshore Western Greece.
FAR delays Sangomar sale to assess takeover offer
FAR Limited has once again postponed its shareholder meeting scheduled to approve FAR’s stake sale in the Sangomar project off Senegal to Woodside.
Maersk establishes a dedicated team to accelerate decarbonization
Danish container shipping and logistics major A. P. Moller Maersk is setting up a dedicated team to accelerate the company’s decarbonization efforts. Morten Bo Christiansen has been appointed head of the decarbonization team of the company. As explained by Christiansen, the team will focus on speedi
Petrobras sees record oil output in 2020
Brazilian oil and gas giant Petrobras has registered records in its 2020 annual oil production and total annual production (oil and gas).
TechnipFMC split set to wrap up in Q1
TechnipFMC has relaunched its plan to split into two publicly traded companies aiming to complete the proceedings in the first quarter of 2021. Initial separation was put off in March last year due to the COVID-19 pandemic. As reported earlier, the move will result in TechnipFMC, a fully integrated