Business & Finance
Ocean Yield to book $130 million in impairments for two vessels
Ocean Yield expects to book impairments of $130 million in total for an FPSO and offshore construction and cable-lay vessel.
OPT books $3.4M quarterly loss
Ocean Power Technologies (OPT) has recorded around 13 per cent increase in net loss for the first quarter of fiscal 2021 as compared to the same period last year. The Q1 of FY21 net loss was $3.4 million, against $3 million in the prior-year comparable period. According to OPT, the loss was specific
Equinor selects Aibel for Krafla engineering study
Aibel has been awarded a field engineering, concept optimisation and definition study for Equinor’s unmanned process platform at the Krafla field.
Petrofac nets new 5-year deal with Ithaca Energy
Oil and gas company Ithaca Energy has signed a five-year integrated services contract with oilfield services provider Petrofac.
Seadrill to take full control of Asia Offshore Drilling
Offshore drilling contractor Seadrill has bought from Mermaid Maritime the minority holding of the share capital of Asia Offshore Drilling (AOD).
New CEO joins Otto Energy
Australian oil and gas company Otto Energy has appointed Michael Utsler has been appointed as Chief Executive Officer (CEO) and Managing Director.
Ocean Winds and Ignitis to jointly bid for Lithuania’s first offshore wind farm
Lithuania’s state-controlled energy holding company Ignitis Group has selected Ocean Winds as a strategic partner for the development of offshore wind farm projects. Ocean Winds, an offshore wind joint venture between Engie and EDPR, and Ignitis Group aim to jointly participate in the first auction
Apache kicks off drilling operations on fresh well off Suriname
Apache has gathered further reservoir and technical data from its Kwaskwasi-1 discovery well located in Block 58 offshore Suriname and started drilling at another location within the block.
Turkey bringing in another drillship for Black Sea ops
Turkey is bringing in another drillship for operations in the Black Sea only weeks after announcing a giant gas discovery in the area.
Neptune Energy gets nod to drill Norwegian Sea well
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Neptune Energy for well 6406/12-G-1 H located in the Norwegian Sea.
Shelf Drilling cancels charter with China Merchants for two jack-up rigs
Offshore drilling contractor Shelf Drilling has terminated a bareboat charter agreement with China Merchants for two jack-up drilling rigs.
Well-Safe to create 100 new jobs after buying Seadrill rig for P&A projects
Well-Safe Solutions has acquired the West Epsilon jack-up rig from Seadrill sparking another job boost for the company. Namely, this move will create around 100 new jobs.
New CEO to take the helm at Weatherford
Oilfield services provider Weatherford has named a new president and CEO of the company.
Siem Offshore gets two-year deal for two vessels in Brazil
Offshore vessel provider Siem Offshore has been awarded contracts for two of its vessels by Total for operations in Brazil.