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Business & Finance

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SAAM Towage
Business & Finance

SAAM closes deal to acquire 21 tugs from Starnav

SAAM, a company providing port, logistics and towage services in the Americas, concluded the purchase of 21 tugboats from the Brazilian company Starnav. Starnav’s fleet includes 19 tugs currently in operation and two additional vessels in the final phase of construction. “This is one of the largest

about 3 years ago
NHV will begin regular flying from Esbjerg with new contract award from TotalEnergies EP Denmark; Credit: Roelof-Jan Gort/NHV Group
Business & Finance

TotalEnergies hand-picks helicopter operator for two North Sea fields

TotalEnergies has handed out a new contract to NHV to support its offshore operations in the Danish sector of the North Sea.

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

Transocean hands out rig services deal to furnish its semi-sub with ‘game-changing’ solution

Transocean has awarded a rig services contract to InteliWell to equip one of its semi-submersible rigs with a drilling automation solution.

about 3 years ago
Illustration (Courtesy of PXGEO)
Business & Finance

PXGEO secures MTS survey work in Oceania

Marine geophysical services provider PXGEO has secured a contract for a 3D marine towed streamer (MTS) survey in Oceania.

about 3 years ago
Maersk Discoverer rig (now Noble Discoverer); Source: Maersk Drilling
Business & Finance

Noble rig hits oil-bearing intervals off Guyana and JV partners hike up cost estimates to finish drilling ops

CGX Energy and Frontera have revised the total cost estimate for an exploration well, which recently found oil-bearing intervals off Guyana.

about 3 years ago
Likouf FPU at Moho Nord; Source: TotalEnergies
Business & Finance

TotalEnergies hires Aker Solutions for ‘largest oil project ever undertaken’ in Congo

Aker Solutions has secured a deal with TotalEnergies for work on three additional infill wells tied back to an oil field offshore Congo.

about 3 years ago
Technip Energies, John Cockerill launch new hydrogen solutions company
Business & Finance

Technip Energies, John Cockerill launch new hydrogen solutions company

Engineering and technology companies Technip Energies and John Cockerill have established Rely, a provider of integrated and competitive green hydrogen solutions. According to Technip, Rely will offer end-to-end solutions, from pre-final investment decision (pre-FID) services, including technical an

about 3 years ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

Two Odfjell Drilling rigs get more work

Equinor has exercised options to drill additional wells with two Odfjell Drilling-owned rigs, extending the rigs’ backlog further.

about 3 years ago
Maersk
Business & Finance

Maersk: Q1 profitability slashed amid softened demand

Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a record performance of container shipping majors, impacted by

about 3 years ago
Argos semi-submersible offshore platform in the U.S. Gulf of Mexico; Source: BP
Business & Finance

U.S. and European giants deliver ‘excellent’ results despite the downturn in oil & gas prices

BP, TotalEnergies, Eni, ExxonMobil and Chevron have revealed strong operating and financial performance in the first quarter of 2023.

17 minutes read
ADNOC and TotalEnergies enter LNG supply deal worth $1.2 billion
Business & Finance

ADNOC and TotalEnergies enter LNG supply deal worth $1.2 billion

UAE’s ADNOC Gas has signed a three-year supply agreement with TotalEnergies Gas and Power Limited, a subsidiary of French energy giant TotalEnergies, for the export of LNG. The agreement, valued at about $1.2 billion under current market conditions, was announced on 1 May. Pursuant to the terms of t

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

Conrad divesting partial stake in Indonesian field as gas sales agreement enters ‘crucial final stage’

Conrad has set the wheels into motion to farm down a portion of its interest in the Duyung PSC, containing a gas field off Indonesia.

about 3 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Business & Finance

Longboat and Japan’s JAPEX set on creating ‘leading Norwegian-focussed independent’

Longboat Energy is putting the wheels into motion to form a joint venture (JV) with Japan Petroleum Exploration Co., Ltd (JAPEX).

about 3 years ago
Stena Don rig was used to drill the latest well on the Anchois gas development project; Source: Stena Drilling
Business & Finance

Two players forging ties to establish gas-to-industry business in Morocco

Africa-focused Chariot has joined forces with Vivo Energy to develop the gas-to-industry market in Morocco.

about 3 years ago
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