Swedish ferry operator Stena Line has acquired the operations of the ferry and RoRo terminal in the Port of Ventspils, Latvia, in the latest move supporting the group’s long-term expansion in the growing Baltic Sea region. Stena Line has operated the route between Ventspils and Nynäshamn, Sweden sin
PRIO, formerly known as PetroRio, has uncovered proof of the existence of oil in a prospect located off the coast of Brazil.
NKT’s Chief Executive Officer (CEO) Alexander Kara has decided to leave the company and is being replaced from within. The announcement comes shortly after the company revealed it was planning new investments in additional production capacity and capabilities. According to NKT, Kara has decided to l
French liner heavyweight CMA CGM has committed to purchasing Bolloré Group’s transport and logistics operations – Bolloré Logistics. CMA CGM said that it has granted ‘ a put option’ to Bollore Group to sell Bollore Logistics after exclusive negotiations announced on April 18, which the latter accept
The rig will be used for a drilling campaign at a licence offshore Namibia close to Shell’s Graff and TotalEnergies’ Venus discoveries.
EnQuest has inked a deal with Malaysia’s Petronas to boost gas production from a field located in shallow water offshore Malaysia.
TechnipFMC has secured a “large” contract by ExxonMobil to deliver a subsea production system for a recently sanctioned oil development project in Stabroek block offshore Guyana. Under the contract awarded by ExxonMobil affiliate Esso Exploration and Production Guyana, TechnipFMC will provide projec
South Korea’s shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) is set to undergo a significant transformation under the Hanwha Group. The company will soon be rebranded as Hanwha Ocean, marking a new era for the organization. In an extraordinary board meeting held on May 8, it was
QatarEnergy has entered into two production sharing contracts (PSCs) for two blocks offshore Suriname, following successful bids for these blocks.
Shell has awarded a green recycling LNTP agreement to Modern American Recycling Services, Europe (M.A.R.S.) for an FPSO working off Brazil.
Africa is lagging behind in its digital uptake, which is putting at risk its ambition to become a gas-powered economy by 2030.
Equinor has made a final investment decision for an oil and gas project in the Campos Basin offshore Brazil.
A new FPSO unit for Petrobras’ revitalisation project in Campos Basin offshore Brazil, has started production.
Baker Hughes’ international rig count report indicates that the number of offshore rigs lost its forward momentum.
