Business & Finance
Edison Chouest boasts long-term gig for PSV with battery system
Edison Chouest Offshore has executed the first long-term contract with an oil and gas company to install a battery-on-board system on a PSV.
PetroRio buys semi-submersible rig for one dollar
PetroRio has bought a semi-submersible drilling rig for a symbolic price of $1. The rig will be used for well interventions and completions.
Husky-Cenovus merger gets all key regulatory approvals
Cenovus Energy and Husky Energy have obtained all of the key regulatory approvals required in connection with the combination of the two companies.
Oil & Gas UK adds three board members as sector pushes to meet net-zero target
Oil & Gas UK has appointed three major business leaders to its board as the sector sharpens its focus on meeting net-zero targets.
SITC books up to ten containerships at Yangzijiang
Chinese liner shipping firm SITC International Holdings Co has placed an order for up to ten containerships at a compatriot shipyard Yangzijiang Shipbuilding. The contract includes six firm orders for 2,600 twenty-foot equivalent unit (TEU) containerships and includes options for four additional shi
Vaalco to move forward with Gabon acquisition
Vaalco Energy is moving forward with its acquisition of Sasol’s working interest in the Etame Marin block located offshore Gabon.
Sif buying KCI the engineers
Sif has signed a heads of agreement with Royal IHC to acquire the Netherlands-based engineering and consultancy company KCI the engineers. The final agreement is subject to due diligence outcome and is expected in the first quarter of 2021. Works Councils of the two parties have been informed or ask
AqualisBraemar acquires LOC Group
AqualisBraemar has acquired 100 per cent of the shares in LOC Group with the purchase price consideration of USD 20.2 million (around EUR 16.5 million) cash consideration plus two million conditional warrants in AqualisBraemar. As reported in November, when the acquisition was announced, LOC Group’s
Equinor and partners to improve North Sea field recovery with $345 million investment
Equinor has decided to invest NOK 3 billion ($342.8 million) in the Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent.
IMO Secretary-General slams ‘no crew change’ clause as crew change crisis enters its 10th month
IMO Secretary-General Kitack Lim has criticized the “no crew change” clauses in charterparties, stressing that such clauses exacerbate the dire situation of stranded seafarers and undermine the efforts undertaken to resolve the ongoing crew change crisis. The so-called “no crew change” clauses, whic
Navis unveils its top predictions and trends that will drive the shipping industry in 2021
Navis, a part of Cargotec Corporation engaged in providing operational technologies and services to bolster terminals’ performance efficiency, has identified its top predictions and trends that will drive the shipping industry and the technology that will be most impactful for meaningful operations
ConocoPhillips makes ‘significant’ oil discovery off Norway
ConocoPhillips has made a new oil discovery in production license 891 located 14 miles north-northeast of the Heidrun field in the Norwegian Sea.
Eni to operate one of Abu Dhabi’s largest offshore exploration concessions
Eni has signed a concession agreement for the acquisition of a 70% stake in a block off Abu Dhabi, leading a consortium including Thailand’s PTTEP.
Safe Bulkers invests in another eco-efficient newbuild
Monaco-based bulker owner Safe Bulkers has acquired a Japanese-built Post-Panamax class, 87,000 dwt, eco-efficient newbuild vessel. The vessel is designed to meet the latest requirements of Energy Efficiency Design Index related to greenhouse gas, EEDI, Phase 3. Once delivered in the third quarter o