Business & Finance
Pangaea takes additional stake in Nordic Bulk Holding
US-based provider of maritime logistics and transportation solutions Pangaea Logistics Solutions has acquired an additional one-third equity interest in its partially-owned consolidated subsidiary Nordic Bulk Holding Company Ltd. (NBHC) from one of NBHC’s current shareholders.
Advanced Insulation boosts subsea portfolio with Bardot
Advanced Insulation is strengthening its subsea division with the acquisition of French-based SURF specialist Bardot. As part of the acquisition, a new company, AIS Bardot has been created. They will operate independently but collaborate with Advanced Insulation to bring a wider range of products to
Rystad expects swift recovery in offshore oil and gas pipeline market led by Middle East
This downturn’s impact on offshore pipeline demand is lighter than that of 2016 and recovery is likely to be swift, led by projects in the Middle East, Rystad said on Monday.
Abu Dhabi Ports expands logistics reach with MICCO acquisition
UAE-based port operator Abu Dhabi Ports, part of ADQ, has acquired MICCO Logistics, a local freight forwarder, becoming a fully integrated supply chain logistics provider.
Petronet LNG buys spot cargo for November delivery
India’s largest importer of liquefied natural gas Petronet LNG has bought an LNG spot cargo for November under the Platts West India Marker (WIM).
Lundin: Edvard Grieg reserves increased by 50 million barrels of oil equivalent
Lundin Energy has said that the Edvard Grieg field reserves have been increased by 50 million barrels of oil equivalent and plateau production extended to late 2023.
Construction starts on Siemens Gamesa’s French turbine plant
Siemens Gamesa has begun the construction of its offshore wind turbine plant in the Port of Le Havre, France. The company revealed earlier this summer that the consortium led by GTM Normandie-Centre is in charge of the turbine plan construction. As part of the consortium, ENGIE Solutions is responsi
Equinor makes oil and gas discovery in North Sea
Norwegian oil and gas giant Equinor has made an oil and gas discovery near the Fram field in the North Sea offshore Norway.
Equinor closes Hammerfest LNG after fire
Norwegian energy giant Equinor has shut down its Hammerfest LNG export plant following a fire in an oil-powered turbine at the facility. Equinor said the incident occurred on Monday at about 15:30h local time with no injuries reported. Images on local media showed smoke rising from the plant but Equ
C-Innovation snaps up Caltex
C-Innovation, an affiliate of Edison Chouest Offshore, has acquired the controlling interest in Caltex Oil Tools. Houston-based company has a core management team with more than 65 years of experience in deep water, remote technologies and intervention solutions. The Caltex team should enable C-I to f
Valaris gains access to additional liquidity
Offshore drilling contractor Valaris has executed a new term loan credit agreement, gaining access to additional liquidity as it is working through its Chapter 11 bankruptcy process.
Schlumberger and Milaha ink cooperation deal in Qatar
Milaha, a maritime and logistics organizations in the Middle East, has entered into a formal agreement to cooperate with a giant American oilfield services firm, Schlumberger.
New Irish company establishing offshore wind base
Green Rebel Marine has acquired Crosshaven Boatyard in County Cork, which will be used to service planned offshore wind projects in Ireland. The nine-acre site, which will continue its normal operations as a boatyard, will serve as a base for the new operation to survey, equip and service a network
CNOOC kicks off production from another project offshore China
Oil and gas company CNOOC Limited has started production from the Jinzhou 25-1 Oilfield 6/11 Area located offshore China.