Business & Finance
Saipem gearing up for ExxonMobil’s Payara job
Saipem has received the authorization to proceed with the final phase of the Payara development project in Guyana from the project operator ExxonMobil.
Noble Corp. preparing to emerge from bankruptcy
Noble Corporation is preparing to emerge from Chapter 11 bankruptcy with a temporary name change to allow continued use of its name upon emergence.
Aker Solutions – Kvaerner fusion gets green light
Norwegian firms Aker Solutions and Kvaerner have received the necessary approvals from governmental bodies for the completion of the earlier announced merger. In June this year, the two companies entered into a merger plan to create an optimised supplier company. The merger means that Aker Solutions
BHP boosts Shenzi stake as Hess deal closes
Hess Corporation has completed the sale of its interest in the Shenzi field, located in the deepwater Gulf of Mexico, to BHP.
Petrobras extends Prosafe gig in Brazil
Prosafe has signed a contract extension with Petrobras for the provision of the Safe Notos semi-submersible vessel for support offshore Brazil.
U.S. offshore rig count down to 12 units
The number of active offshore rigs in the U.S. dropped by one unit last week, according to data by Baker Hughes.
LOC Singapore bags new offshore wind contract in Vietnam
PowerChina HuaDong Engineering has awarded LOC Singapore with a contract for marine warranty survey (MWS) services for the transportation and installation operations at the Binh Dai Phase 1 offshore wind project in Vietnam. LOC will provide MWS services, including suitability surveys of the proposed
Heerema to wind down ‘no longer economically viable’ Angola business
Dutch offshore contractor Heerema Marine Contractors has decided to close its joint ventures in Angola due to poor market conditions.
Euronav tries to escape challenging freight rates by bringing forward dry dockings
Belgium’s tanker shipping company Euronav has decided to bring forward dry dockings in order to counter the challenging freight rate market in the short term.
Ten-year extension for FSO duo on Al-Shaheen field off Qatar
A joint venture between Euronav and International Seaways has been awarded a 10-year contract extension for FSO duo operating on the Al-Shaheen field.
NYK takes full control of Green Zeebrugge LNG bunkering vessel
Nippon Yusen Kaisha (NYK Line), said the Marine LNG Zeebrugge joint venture, set up to manage the Gas4Sea brand has been dissolved.
Simon Møkster wins new ERRV gig from Aker BP
Norwegian offshore support vessel provider Simon Møkster has been awarded a new contract for ERRV services by Aker BP in Norway.
SeaBird reduces quarterly deficit
Oslo-listed SeaBird has recognised net loss of $3.9 million for Q3 2020, against net loss of $5 million in the same period in 2019. The seismic player recorded revenues of $3 million in Q3, an 81 per cent drop compared to $16 million in Q3 2019. The company had quarterly vessel utilization of 28 per
Boskalis Q3 offshore energy results partly hit by COVID-19, Horizon acquisition paying off
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared to the previous two quarters, but also a drop in its order book to € 1.3 billion (€ 1.47 billion at the end of June). The company noted a strong contribution from the seabed intervention u