Business & Finance
Hyundai Heavy bags LNG carrier pair order
Hyundai Heavy Industries, part of the Korea Shipbuilding & Offshore Engineering, has secured an order for two LNG carriers on Monday.
Lamprell scores engineering deal with IMI
UAE-based offshore oil rig builder Lamprell has been awarded a medium-sized contract by International Maritime Industries (IMI) for engineering design services.
BW Energy revealed as buyer of two Borr rigs as Gabon development plan gets revamped
BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche field in the Dussafu license off Gabon, using a converted jack-up rig.
Pacific Drilling files for Chapter 11 to eliminate $1.1 billion of debt
Pacific Drilling has filed for Chapter 11 bankruptcy to eliminate $1.1 billion of bond debt amid significant disruption in the offshore drilling market.
BP kicks off Ironbark drilling operations
Oil major BP has started drilling the Ironbark-1 well located offshore Western Australia.
Acteon names new InterMoor MD
Subsea services group Acteon has appointed Chris Johnston as group managing director of its global moorings and anchors business – InterMoor. Based i Houston, Johnston brings more than 35 years of industry experience from every major oil and gas basin. He recently served as a vice president at Valar
Oceaneering loss widens on impairment
Oceaneering has reported a net loss of $79.4 million on revenue of $440 million for the third quarter 2020. Adjusted net loss was $17.6 million, reflecting the impact of $68.7 million of pre-tax adjustments ($40 million impairment) and $6.3 million of discrete tax adjustments. Compared to a year-ago
GTT posts nine-month revenue jump
French liquefied natural gas containment system specialist, GTT, reported a 53.1 per cent jump in its nine-month revenue.
Strohm gets €25M to boost energy transition goals
Thermoplastic composite pipe (TCP) specialist Strohm has received approximately €25 million convertible loan from its shareholders as it strengthens its position for low carbon energy transition activities and renewables. The investment should support the firm’s strategic objective of tripling its 2
ExxonMobil to slash 14,000 jobs as effects of pandemic hit oil demand
U.S. oil major ExxonMobil could cut its global workforce by about 15 per cent, as the Covid-19 pandemic batters energy demand and prices.
Snam enters Israeli small-scale LNG, hydrogen markets
Italian infrastructure operator Snam has signed MoUs with Israeli companies for collaboration in small-scale LNG and hydrogen.
MAN to supply compressors for Equinor’s Bacalhau FPSO
Japanese supplier and operator of offshore floating platforms MODEC has commissioned MAN Energy Solutions to supply a total of five radial compressor and two screw compressor trains for the first Brazilian offshore gas extraction project of the end customer Equinor.
Red ink for ConocoPhillips
U.S. oil major ConocoPhillips recorded a loss in the third quarter of 2020 compared to a profit in the same period last year.
Cenovus to cut up to a quarter of combined workforce with Husky after deal wrap-up
Canadian oil and gas player Cenovus Energy has decided to cut between 20 and 25 per cent of its workforce after the acquisition of Husky Energy.