Business & Finance
Saipem bags $900 million thanks to new deals in Angola
Italian oilfield services giant Saipem has been awarded three new contracts in Angola, totalling around $900 million.
Shell seeking approval for development drilling on gas project off Australia
Shell has submitted an environment plan (EP) for development drilling on the Crux natural gas field, off the coast of Western Australia.
More time in Gulf of Mexico for Aquadrill drillship
Aquadrill has extended the charter hire agreement with Diamond Offshore for a drillship, which will continue its ops in the Gulf of Mexico.
ADNOC L&S rakes in $1.17 billion in new deals
ADNOC L&S has been awarded a contract totalling $1.7 billion by ADNOC Offshore for jack-up barges to support production capacity growth.
Investors wanted for first fully mobile tidal energy, harvesting, storage and delivery system
Australia’s Smart Barge is inviting investors to support the development of what is said to be the world’s first fully mobile tidal energy, harvesting, storage and delivery system.
Offshore wind-to-hydrogen brings high profile investors to Dutch TCP pipeline supplier
HydrogenOne Capital Growth has signed definitive agreements for an investment of EUR 10 million in Strohm, the Dutch manufacturer of hydrogen pipelines who already saw Shell Ventures, Chevron Technology Ventures, and Evonik Venture Capital joining in as investors. HydrogenOne, the first LSE-listed i
Drilling of fourth well off Gabon in full swing
Vaalco Energy has started drilling the fourth development well in its 2021/2022 drilling programme offshore Gabon.
Diana rejuvenates fleet with nine bulkers in $330 mln deal
Athens-based Diana Shipping has entered into a deal to acquire nine modern Ultramax bulkers with an average vessel age of approximately 5.4 years from Sea Trade Holdings. The company will buy the ships for a total of $330 million, of which $220 million will be paid in cash and $110 million is to be
Woodside makes plans for well intervention ops off Australia
Woodside has submitted an environment plan (EP) for well intervention operations in Commonwealth waters, offshore Australia.
API urges investment in expanding American oil & gas production to ensure energy security
The American Petroleum Institute (API) believes ramping up domestic production is the answer to the global supply and demand imbalance.
Equinor’s giant new FPSO catches fire
Aker Solutions has revealed that a fire was detected at Equinor’s FPSO vessel, which is currently under construction at a yard in Norway.
Equinor gearing up to drill Norwegian Sea wildcat with Odfjell rig
Equinor has received consent from Norway’s regulator for exploration drilling in the Norwegian Sea with one of Odfjell Drilling’s rigs.
Norwegian player buying stake in Repsol’s North Sea field
Rex’s Lime Petroleum has inked a deal to acquire an interest in a Repsol-operated field located in the North Sea offshore Norway.
Norwegian shipyard to retrofit two PSVs for deep waters off Brazil
Brazilian shipowner Oceanica has awarded Green Yard Kleven in Norway with a contract to retrofit two platform supply vessels (PSVs) for operations with a remotely operated vehicle (ROV) and offshore crane. Oceanica recently purchased the vessels which have Marin Teknikk design MT6009. One is already