Business & Finance
Prosafe strikes a deal with lenders over restructuring plan
Following an agreement with lenders, Prosafe expects to reduce its debt significantly and improve the balance sheet and financial flexibility.
Saipem bolsters floating wind position with Naval Energies buy
Italian offshore energy services company Saipem and Naval Energies, a subsidiary of France’s Naval Group, have signed an agreement for the acquisition of Naval Energies’ floating wind business. The deal covers Naval Energies’ engineering know-how on floating units, intellectual property rights, and
CHC gets extension on Neptune’s UK assets
Offshore helicopter operator CHC has been awarded a contract extension by Neptune Energy for operations in the UK North Sea.
Novatek, TotalEnergies strengthen Arctic LNG ties
Russa’s Novatek and TotalEnergies have strengthened their ties on the Arctic LNG projects with two new agreements.
Archer wraps up DeepWell acquisition
Oilfield services provider Archer has closed the acquisition of Norwegian well intervention company DeepWell.
Bourbon Offshore taking over French subsea research duo
Bourbon Offshore Surf has won a tender to supply and manage the crew and nautical activities of two deep-sea vessels owned by the French Department of Underwater Archaeological Research (DRASSM). Bourbon will support DRASSM with risk management (QHSE), crew and technical management for the André Mal
Eco Wave Power adds Global to its creds
Swedish-Israeli onshore wave energy developer Eco Wave Power has announced that the company’s name will change to Eco Wave Power Global to better reflect its brand and business model.
Damen secures order for hydrogen-powered inland vessel
Dutch shipyard Concordia Damen has signed a ‘historic’ contract for the construction of the hydrogen-powered inland barge with Dutch inland shipping company Lenten Scheepvaart.
Rystad: No more trillion-dollar oil & gas tax revenues as energy transition ramps up
Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.
Valaris scores second rig deal in two days
Offshore drilling contractor Valaris is still on a hot streak as it secured another contract extension, this time with Norwegian oil major Equinor.
Skou backs $450 carbon tax per ton of fuel
The world’s largest container shipping company has proposed a carbon tax on ship fuel of at least $450 per ton of fuel as a way for the shipping industry to bridge the gap between fossil fuels and more expensive green fuels. “Fossil fuels cannot keep being cheaper than green fuels. Action is require
KCA Deutag bags $550 million in new platform drilling contracts
KCA Deutag has secured a contract award and two contract extensions for platform drilling services in Russia, UK, and the Norwegian North Sea.
Lukoil, Baker Hughes ink memorandum of cooperation
Oilfield services major Baker Hughes and Russian independent oil company Lukoil have signed a memorandum on cooperation.
Tullow Oil chair decides to step down
UK-based non-executive chairperson of oil and gas firm Tullow Oil has decided to step down from the board of the company.