Business & Finance
Fieldwood Energy files for Chapter 11
U.S.-based Fieldwood Energy has filed for Chapter 11 bankruptcy as part of its efforts to restructure the company.
Havila Shipping scores extensions for PSV duo with Total
The Danish entity of French oil major Total has extended the contracts for Havila Shipping’s two platform supply vessels (PSVs).
Bennett joins Kraken Robotics board
Canada’s ocean company Kraken Robotics announced that Cathy Bennett has joined its board of directors. Bennett brings over 25 years of experience as an entrepreneur, business executive, and corporate director across various sectors. These include the government, energy, manufacturing, mining, restau
GWEC: Offshore Wind Capacity to Top 234 GW by 2030
Global offshore wind capacity will surge to over 234 GW by 2030, led by exponential growth in the Asia-Pacific region and continued strong growth in Europe, according to a new report from the Global Wind Energy Council (GWEC). More than 205 GW of new offshore wind capacity will be added globally by
BP to cut fossil fuels output by 40 per cent by 2030
Following record losses in the second quarter of 2020 and the first dividend cut in a decade, BP revealed parts of its new strategy that would reshape the company from an international oil company to an integrated energy company.
Record losses result in BP’s first dividend cut since Deepwater Horizon
UK oil major BP has cut its dividend for the first time since the Deepwater Horizon disaster after record losses in the second quarter of 2020.
2G Robotics founding CEO steps down
Underwater laser scanner and imaging systems specialist 2G Robotics has said that its founding chief executive officer Jason Gillham is stepping down from his role at the company this August. He will remain available to the board of directors and to parent company Sonardyne Group during the leadersh
Green energy transition: vital role of the oil & gas industry in achieving net-zero by 2050
A green energy transition will require the industry to make real progress in reducing its carbon footprint.
Staatsolie mulls entering Apache’s Suriname block
Block 58 offshore Suriname has again come under the spotlight since state-owned oil company Staatsolie is considering farming into the block where Apache last week hit its third discovery.
UOG scoops Tullow’s stake in Jamaican offshore licence
Oil and gas company United Oil & Gas (UOG) has been assigned Tullow Oil’s stake in the Walton Morant licence off Jamaica, which the company now fully owns.
BP takes Solstad vessel trio for Ironbark drilling support
Oil major BP has chartered three Solstad Offshore’s vessels to support the company’s Ironbark drilling campaign offshore Australia.
Noble Corporation files for bankruptcy protection
Offshore drilling contractor Noble Corporation has filed for Chapter 11 bankruptcy protection to restructure its debt following a “severe downturn in commodity prices which has been compounded by the Covid-19 pandemic”.
James Ritchie-Bland leaving Tekmar
Subsea protection specialist Tekmar said that James Ritchie-Bland has resigned as CEO and stepped down from the board. He plans to leave the business before the end of the current financial year. Alasdair Macdonald (Ally), currently non-executive chairman of the Group, has assumed the role of execut
Borr Drilling wins deals for three warm-stacked rigs
Offshore drilling rig owner Borr Drilling has won deals for three of its warm-stacked jack-up drilling rigs.