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Business & Finance

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Illustration; Source: United Oil & Gas
Business & Finance

Two oil & gas firms agree on more time to wrap up divestment of North Sea discovery

Quattro Energy Limited has agreed on a long stop date extension for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery.

about 3 years ago
Provaris announces its investor relations advisor for Europe
Business & Finance

Provaris announces its investor relations advisor for Europe

Australian Provaris Energy has appointed Germany-based DGWA, the German Institute for Asset and Equity Allocation and Valuation (Deutsche Gesellschaft für Wertpapieranalyse GmbH) as its investor relations advisor in Europe. Provaris said the appointment seeks to develop and maximize the value of the

about 3 years ago
Transocean Norge; Source: Transocean
Business & Finance

OMV spuds gas-condensate prospect with Transocean rig

OMV has started drilling an exploration well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

about 3 years ago
Scarborough FPU; Source: Woodside
Business & Finance

Woodside offloads partial stake in Australian gas field while pursuing emerging energy sectors

Woodside has entered into a sale and purchase agreement with LNG Japan for the sale of a 10 per cent stake in the Scarborough Joint Venture.

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Business & Finance

Interview: After shattering records in green-methanol bunkering, OCI Global stresses the power of collaboration for a smooth transition

Green methanol is rapidly emerging as a transformative marine fuel, leading the charge in the maritime industry’s quest for sustainable and eco-friendly shipping operations, it is quickly becoming a prominent contender in the race to decarbonize the sector. As the imperative for decarbonization of t

about 3 years ago
CMA CGM Nerval
Business & Finance

Danaos boosts its methanol-ready orderbook to 10 boxships

Greek containership owner Danaos Corporation has ordered the construction of two methanol-ready 8,258 TEU containerships set for delivery in 2026. The company said the order was placed in June but did not disclose the name of the shipyard that secured the deal. The latest order brings Danaos’ newbui

about 3 years ago
Santos
Business & Finance

Santos and another oil firm pooling resources for CCS project off Timor-Leste

Santos inked a memorandum of understanding with TIMOR GAP to explore partnership opportunities for the proposed CCS project in the Timor Sea.

about 3 years ago
Illustration; Source: Zenith Energy
Business & Finance

Canadian firm turns its back on oilfield in West Africa

Zenith Energy has washed its hands of negotiations regarding a production sharing contract for a block containing an oilfield offshore Benin.

about 3 years ago
West Africa gig to keep DOF vessel busy for 326 days
Business & Finance

West Africa gig to keep DOF vessel busy for 326 days

DOF Group has secured what it describes as a “significant” SURF contract to deliver services for a tier 1 contractor and operator in West Africa. DOF reported that it had secured a SURF contract in the region of $80-100 million for the construction support vessel (CSV) Skandi Acergy, with 326 days o

about 3 years ago
CMA CGM
Business & Finance

CMA CGM settles Clean Water Act violations with EPA

The U.S. Environmental Protection Agency (EPA) has settled with French container shipping major CMA CGM over claims of violations of EPA’s vessel general permit issued under the Clean Water Act. Under the terms of the settlements, CMA CGM will pay $165,000 in penalties for claims of violations by fo

about 3 years ago
PSV Energy Duchess; Source: Golden Energy Offshore Services
Business & Finance

Five Vroon vessels joining Norwegian player’s fleet

GEOS is expanding its fleet of offshore supply vessels with four PSVs and one SSV for a total consideration of $94 million.

about 3 years ago
Italian fund to acquire stake in RINA
Business & Finance

Italian fund to acquire stake in RINA

Registro Italiano Navale, Fondo Italiano d’Investimento and RINA have signed an agreement aimed at allowing the Italian fund to become a shareholder in RINA.

about 3 years ago
COSL Promoter; Source: COSL Drilling
Business & Finance

Thumbs-up for Equinor to deploy COSL Drilling’s rig for North Sea ops

Norwegian regulator has given Equinor its consent to use a COSL Drilling-owned rig for production drilling at a field in the North Sea.

about 3 years ago
Green light for Aker Solutions, Subsea 7 and SLB joint venture
Business & Finance

Green light for Aker Solutions, Subsea 7 and SLB joint venture

Aker Solutions, Subsea 7 and SLB have obtained all required regulatory approvals from competition authorities for the establishment of a subsea joint venture (JV). “We are now a big step closer to day 1 for the coming world-class subsea company Aker Solutions are establishing together with SLB and S

about 3 years ago
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