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Business & Finance

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Ocean BlackHawk drillship; Source: Diamond Offshore
Business & Finance

Diamond Offshore drillship staying in Gulf of Mexico for two more years

Diamond Offshore has found more work for one of its drillships with Anadarko, prolonging the rig’s drilling assignment in the U.S. Gulf of Mexico.

about 2 years ago
Under new CEO, Prysmian makes solid start to 2024
Business & Finance

Under new CEO, Prysmian makes solid start to 2024

Following an “outstanding” 2023, Italian cabling giant Prysmian has made a solid start to 2024, reporting a net profit of €190 million for the first quarter of the year, compared to €187 million in the first three months of the prior year. Group sales amounted to €3,687 million, with a -5.6% organic

about 2 years ago
Noble Voyager drillship; Source: Noble Corporation
Business & Finance

Another oil & gas find for Petronas and ExxonMobil offshore Suriname

Petronas and ExxonMobil have made another hydrocarbon discovery at an exploration well in Block 52 offshore Suriname.

about 2 years ago
Expro finalizes purchase of UK well construction and intervention services provider
Business & Finance

Expro finalizes purchase of UK well construction and intervention services provider

Energy services provider Expro has completed the acquisition of Scotland-based Coretrax, a provider of performance drilling tools and wellbore cleanup, well integrity, and production optimization solutions. The acquisition, from an investment group led by Buckthorn Partners, is expected to enable Ex

about 2 years ago
Shearwater platform in the North Sea; Source: Shell
Business & Finance

Stake in Shell’s UK gas field enables Norwegian player to bolster North Sea portfolio

DNO has enriched its North Sea portfolio with a new addition, thanks to the acquisition of an interest in a Shell-operated gas field.

about 2 years ago
North Field off Qatar; Source: QatarEnergy LNG
Business & Finance

QatarEnergy’s CEO on doubling production capacity: LNG is here to stay for years on end

CEO of QatarEnergy is adamant that LNG will keep its spot at the top of the energy demand pyramid for a long time.

about 2 years ago
Fast4Ward design; Source: SBM Offshore
Business & Finance

SBM Offshore puts FPSO work for ExxonMobil’s oil project offshore Guyana into the hands of Seatrium

SBM Offshore has tasked Seatrium Limited with the topsides fabrication and integration of a floating production, storage, and offloading (FPSO).

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling: No ‘permanent’ restraining order in place for rig in Nigeria

Dolphin Drilling has provided an update on an interim injunction, which Lagos-based General Hydrocarbons Limited (GHL) managed to secure in response to the Norwegian firm’s notice of termination of a drilling contract off the coast of Nigeria for a semi-submersible rig.

about 2 years ago
Ross Offshore CEO Jørgen Jørgensen; Source: Ross Offshore
Business & Finance

ABL acquires compatriot energy player in bid to strengthen position in oil & gas markets

ABL Group has inked a deal to buy Norway’s Ross Offshore from Moreld Group to expand its oil, gas, and renewables portfolios.

about 2 years ago
Hejre jacket; Credit: INEOS
Business & Finance

Another contractor gets FEED deal for North Sea gas platform

Kent has landed a front end engineering design (FEED) contract for a high-pressure, high-temperature (HP/HT) gas production platform in the North Sea off the coast of Denmark.

about 2 years ago
Australia's green hydrogen outlook
Business & Finance

Australia’s Hydrogen Headstart program receives $2 billion boost

As part of a funding package of $7.1 billion for budgeted programs to be administered by ARENA, the Australian government has allocated $2 billion for round two of the Hydrogen Headstart program.

about 2 years ago
Naming ceremony for Greenergy Ocean LNG carrier; Source: MOL
Business & Finance

MOL names first of six newbuilding LNG carriers at Chinese shipyard

Mitsui O.S.K. Lines (MOL) has held a naming ceremony for a newbuilding liquefied natural gas (LNG) carrier at a Chinese shipyard.

about 2 years ago
Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book
Business & Finance

Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book

Jan De Nul Group has started 2024 with an order book of €8.9 billion, an increase of 38% compared to last year. In its latest financial report, the Belgian company said it had far exceeded its expectations for 2023 and has been net debt-free for the tenth year in a row. In 2023, Jan De Nul reported

about 2 years ago
Source: Orbital Marine Power
Business & Finance

Orbital Marine Power partners with Global Energy Group for Orkney tidal projects

Scotland-based renewable energy company Orbital Marine Power has picked Global Energy Group as a supplier to lead the manufacture and assembly of turbines for the company’s Orkney projects which have won contracts under the UK Government’s Contract for Difference (CfD) auction rounds 4 and 5.

about 2 years ago
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