Business & Finance
Premier files plans to decommission North Sea pipelines
UK oil and gas company Premier Oil has filed its draft decommissioning program for the Hunter & Rita subsea pipelines to the UK authorities.
Korea Shipbuilding to build platform off Myanmar
Korea Shipbuilding & Offshore Engineering has scored a $450 million deal from Posco International to build a gas compression platform offshore Myanmar.
Equinor redirects Russian offshore commitments in favour of onshore presence
Equinor has completed an agreement with Rosneft that increases its onshore presence in Russia and redirected its remaining exploration commitments offshore.
US ports seeking $3.5 billion in COVID-19 relief funding
The American Association of Port Authorities (AAPA), the collective voice of America’s seaports, together with a host of other maritime transportation entities are asking for $3.5 billion in COVID-19 relief funding to be made available for the U.S. maritime transportation sector. The organizations s
Vroon vessels to support Eni in Mozambique
Offshore vessel operator Vroon has been awarded charter contracts for platform supply vessels by Eni for operations offshore Mozambique.
Saga Pure ASA pushes forward with investments in green technologies
Saga Pure ASA, formerly known as Saga Tankers, has taken a 21.4 % stake in Bergen Carbon Solutions AS (BCS), a company that has developed a technology for converting CO2 to carbon nanofibers. The investment saw Saga Pure commit to subscribe for NOK 30 million ($3.4 million) in a gross NOK 40 million
Well-Safe Protector rig arrives home to prepare for decom work
Well-Safe Solutions has welcomed home its new rig the Well-Safe Protector for preparations ahead of deployment in early 2021.
Petronas cheers first discovery off Suriname
Malaysian oil and gas company Petronas has made its first hydrocarbon discovery in Suriname with the drilling of the Sloanea-1 exploration well.
MOL reshuffles top management, integrates dry bulk businesses
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has appointed Takeshi Hashimoto as the company’s new Chairman and President. Hashimoto, currently working as Representative Director, Executive Vice President Executive Officer, will take office on April 1, 2021, taking over from Junichiro Iked
Aker Solutions gets $114M Kristin Sør deal from Equinor
Norwegian engineering firm Aker Solutions has signed a letter of intent with compatriot oil major Equinor for the delivery of a subsea production system to the Kristin Sør oil and gas satellite fields in the North Sea.
Medco confirms hydrocarbons with Indonesian appraisal well
Medco Energi has completed drilling operations on the West Belut-1 appraisal well, located offshore Indonesia, and confirmed hydrocarbon resources.
Vår Energi CEO heading out to lead Petoro
CEO of Vår Energi is leaving her role in the company to lead another Norwegian oil and gas company, the state-owned Petoro.
Darr: We can’t afford to focus on one solution
The shipping industry has to have an open mind and look at a wide range of solutions to decarbonize, avoiding the risk of focusing on a single pathway, Bud Darr, Executive Vice President, Maritime Policy and Government Affairs of MSC Group, said. Darr was one of the panelists of the Leadership Insig
McDermott put in charge of pre-FEED for Trion floater
McDermott has been selected by BHP to perform the pre-FEED extension phase for a floating production unit for the Trion field offshore Mexico.