Business & Finance
OOS International expands with offshore design company buy
Dutch offshore services provider OOS International has expanded its portfolio with the acquisition of Leenaars Marine & Offshore Design (LMO).
ESPO: EU taxonomy should recognise ports’ decarbonisation, greening strategies
The European Sea Ports Organisation (ESPO) said it supports the initial aim of the EU taxonomy framework to encourage private investors to prioritise green and sustainable investments by providing them a clear manual with common definitions.
COSL Drilling eyes new North Sea contract for semi-sub rig
COSL Drilling Europe has signed a letter of intent for the use of COSLInnovator rig on the Norwegian Continental Shelf starting early next year.
Eni to pay $185 million to Transocean after settling drillship dispute
Transocean and Italian oil company Eni have reached an agreement in a dispute related to a contract for the Deepwater Pathfinder drillship.
COSL president and CEO resigns
President and chief executive officer of offshore drilling contractor China Oilfield Services Limited (COSL) has submitted his resignation to the company’s board of directors.
Jadestone starts arbitration against Inpex over Vietnam deal
Jadestone Energy has started arbitration proceedings against Teikoku, a subsidiary of Inpex, related to Jadestone’s acquisition of an interest in Block 05-1 PSC, offshore Vietnam.
Yinson settles cancelled $1B FPSO deal for Ca Rong Do field off Vietnam
Malaysian FPSO provider Yinson has executed a final settlement with PetroVietnam regarding last year’s termination of the $1 billion FPSO charter contract.
Borr Drilling wins back compliance with NYSE listing standard
Offshore drilling contractor Borr Drilling has regained compliance with the New York Stock Exchange (NYSE) continued listing standard.
Hyundai Glovis bags major car shipping deal with Volkswagen
South Korean Hyundai Glovis has signed a five-year contract with Europe’s largest automaker Volkswagen Group for the sea transport of the entire volume of finished cars exported from Europe to China. The deal was signed with Volkswagen Konzernlogistik, a logistics subsidiary of Volkswagen Group, and
Archer Knight bolsters its team
Subsea market intelligence and consultancy specialist Archer Knight has made a series of key appointments. The company has promoted four members of its team as it prepares for a period of UK and international expansion. On the consultancy side of the business, Derek Beddows will become director of d
Transocean hired to drill on Shenandoah project in Gulf of Mexico
Transocean has been awarded a contract for drilling and completion services on the LLOG-operated Shenandoah project in deepwater of the Gulf of Mexico. LLOG operates the Shenandoah discovery since April 2018. The project is located in the unit comprised of Walker Ridge blocks 51, 52, and 53 in the d
Golar Power and Galileo in Brazil LNG fuel move
Golar Power has teamed up with Argentina’s Galileo Technologies to expand its LNG footprint in Brazil. Under the deal, Galileo will provide gas conditioning, distributed LNG production, LNG filling stations and regasification plants. Golar Power, a joint venture of Golar LNG and Stonepeak Infrastruc
GTT, Zvezda join forces to build Russian LNG carriers
French containment specialist GTT said Thursday it signed a deal with Russia’s Zvezda shipyard to partner up on the construction of LNG carriers. The technical assistance and license deal will allow Zvezda to build ARC7 ice-breaking LNG carriers fitted with GTT’s containment system. According to the
Renewable energy investments swelling, oil & gas giants’ energy transition speeding up
Offshore wind could become a $ 1 trillion industry over the next two decades, and renewable energy in general will create an investment opportunity of between $ 8 trillion and $ 16 trillion by 2030, according to some of the reports recently published. Meanwhile, oil & gas giants are making concrete