Business & Finance
Well-Safe Solutions lands another 14-well decommissioning job
Well-Safe Solutions has won another decommissioning contract for its Well-Safe Guardian unit in less than a month.
Court fines Petrofac over bribes to secure contracts
Petrofac has been ordered by a UK court to pay a fine of about $105 million in sentencing related to seven historic bribery offences.
John Fredriksen eyes full control of Avance Gas
Norwegian-born Cypriot oil tanker and shipping billionaire businessman John Fredriksen is looking to gain full control over Bermuda-based liquefied petroleum gas (LPG) transportation company Avance Gas Holding.
Solstad Offshore gets rid of seven old vessels
Solstad Offshore has sold seven vessels for recycling as they are considered irrelevant for present and future markets.
Saipem joins forces with Italian start-up for subsea drones
Saipem has entered into a cooperation agreement with WSense, an Italian start-up, for developing complex communication networks for subsea drones.
Expro and Frank’s fusion creates full-cycle energy services player
UK’s Expro Group has completed the previously announced merger with Dutch-based oil services company Frank’s International.
Heerema’s Thialf removes Shell’s Goldeneye platform
Heerema Marine Contractors’ giant Thialf vessel has removed Shell’s Goldeneye wellhead platform after installing the structure in 2003.
Energinet predicts increased costs for Baltic Pipe construction
Energinet has revised the budget for the Baltic Pipe as the capital expenditure for the Danish part of the project is now estimated at one billion euros.
CGG closes sale of GeoSoftware business
France-based geophysical services company CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software.
Safe Bulkers inks its 1st sustainability-linked loan
Monaco-based bulker owner Safe Bulkers has unveiled its first sustainability-linked credit facility that incorporates an incentive discount on interest rate, linked to independently verified pre-determined emission targets.
Subsea Drilling Systems, MHWirth merge into offshore drilling solutions company
The merger of Baker Hughes’ Subsea Drilling Systems business (SDS) and Akastor’s wholly-owned subsidiary, MHWirth, has been completed to form a global offshore drilling equipment company.
In focus: Shoulder to shoulder towards a sustainable future
In this In Focus column, we report on initiatives that reduce the ecological footprint of the offshore energy and maritime industry.
Poland’s PGNiG spins drill bit at Fat Canyon prospect
PGNiG has started drilling an exploration well offshore Norway following a takeover of Ineos’ Norwegian assets.
Lundin produces first oil from tie-back project in North Sea
Lundin Energy has achieved the first oil from the Solveig field, a subsea tie-back development into the Edvard Grieg platform offshore Norway.