Business & Finance
Hurricane Energy chief operations officer passes away
Chief operations officer (COO) and executive director of London-listed oil explorer Hurricane Energy has passed away.
SeeByte getting new chief executive officer
Software developer for unmanned maritime systems SeeByte has appointed Dr Chris Haworth as the company’s new chief executive officer. The appointment becomes effective August 2020. At the same time, Dr Scott Reed will become SeeByte’s chief technology officer. For Haworth, this is a promotion from p
Saipem bags $325 million through new pre-salt job with Petrobras
Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project offshore Brazil.
Viaro to acquire RockRose Energy for $308 million
Independent energy company Viaro Energy has made an offer for the acquisition of the entire share capital of UK-based oil and gas company RockRose Energy.
Equinor awards Statfjord engineering and installation job to Apply
Equinor has awarded Apply a framework agreement for engineering and installation services on the Statfjord field located in the North Sea.
Flex inks new charter deals as LNG fleet count rises
Flex LNG, the shipping company controlled by billionaire John Fredriksen, has secured new charter deals as it prepares to take the delivery of another newbuild vessel. South Korea’s Daewoo Shipbuilding & Marine Engineering will deliver the 173,400-cbm Flex Artemis in August. Following delivery, the
ABB to provide equipment for Yinson’s Anna Nery FPSO
ABB has signed an agreement with energy solutions provider Yinson for electrical, control and telecommunication equipment and services onboard the Anna Nery floating production, storage and offloading (FPSO) vessel bound for the Marlim 2 oil field in Campos Basin, offshore Brazil.
Sasol relinquishes licence offshore Mozambique
South Africa-based energy company Sasol has decided to relinquish its exploration licence offshore Mozambique.
Kleven Verft files for bankruptcy after loan termination
Management of the Norwegian shipbuilder Kleven Verft AS, and its two subsidiaries Kleven Maritime Contracting AS and Kleven Maritime Technology AS, filed for bankruptcy last Friday. The initiation of bankruptcy proceedings comes after local banks decided to terminate a loan agreement, it has been co
Maersk to acquire Swedish customs service specialist
A.P. Moller – Maersk has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services (KGH), a Sweden-based specialist in trade and customs management services in Europe. The move is aimed at bolstering Maersk’s capabilities as an integrated container logistics company.
MMA integrates Neptune under one brand
Australian offshore contractor Neptune Marine Services has been rebranded to MMA Offshore. This follows MMA’s acquisition of Neptune in November last year. The ASX-listed firm wrapped up the acquisition for the final purchase consideration of A$18.5 million. MMA said the rebrand will enable the comb
Spirit hits dust in Barents Sea well
Spirit Energy has drilled a dry well near the Johan Castberg field in the Barents Sea offshore Norway.
11 industry majors pave way for accelerating energy transition
Eleven industry majors including AWS, Carrefour Group, CMA CGM Group, Cluster Maritime Français, Crédit Agricole Corporate and Investment Bank, Engie, Faurecia, Michelin, Schneider Electric, Total and Wärtsilä have formed a coalition for the energy of the future. The coalition aims to accelerate the
Pacific Basin expects $198 million in asset impairments
Hong Kong-based dry bulk shipping company Pacific Basin revealed a one-off non-cash impairment charge of $198 million on the group’s Handysize core fleet. The impairment charge relates to primarily its smaller and older Handysize vessels and will be reflected in its unaudited consolidated results fo