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Business & Finance

Shearwater hooks Polarcus assets

Seismic exploration company Shearwater GeoServices has acquired marine seismic acquisition assets previously owned by Polarcus.

about 5 years ago

Business & Finance

Lamprell wins drilling jackets deal with Saudi Aramco

Offshore construction specialist Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract by Saudi Aramco.

about 5 years ago

Business & Finance

Rystad downgrades peak oil demand to 101.6 million bpd in 2026

Rystad Energy has downgraded its peak oil demand forecast to 101.6 million bpd in 2026 as a result of electrification in transport.

about 5 years ago

Business & Finance

In focus: Piecing together the energy transition puzzle

The offshore energy sector is currently going through a major change with the energy transition and sustainability as a driving force.

about 5 years ago

Photo of the Vyacheslav Tikhonov (Courtesy of PXGEO)

Business & Finance

PXGEO buys Vyacheslav Tikhonov vessel from Polarcus

PXGEO Seismic Services has entered into binding agreement to acquire Vyacheslav Tikhonov vessel from its current owner Polarcus, subject to the sanction of the Grand Court of the Cayman Islands.

about 5 years ago

Business & Finance

Polarcus agrees standstill and settlement terms with lenders

Marine seismic company Polarcus has agreed standstill and settlement terms with its lenders who have committed to refrain from exercising any further security interests over the Polarcus Group or their assets.

about 5 years ago

Andrew McDowell, Operations Director at Aquaterra Energy

Business & Finance

Aquaterra bags largest riser analysis job ever

Aquaterra Energy has secured its largest riser analysis contract to date with a Middle Eastern operator to provide riser analysis.

about 5 years ago

Business & Finance

ADNOC boosts crude capacity by adding two more VLCCs

ADNOC Logistics & Services, a shipping and maritime logistics arm of ADNOC, has acquired two additional Very Large Crude Carriers (VLCC).

about 5 years ago

Business & Finance

Saipem clinches more work in Qatar worth $350 million

Saipem has received by Qatargas the confirmation of the exercise of two options for additional scope of work on the North Field Project.

about 5 years ago

Photo of Enshore Subsea’s T1 trenching asset, Middle East 2018 (Courtesy of Al Gihaz Holding)

Business & Finance

Saudi group acquires Enshore Subsea

Al Gihaz Contracting, part of Saudi-based Al Gihaz Holding, has completed the acquisition of assets, intellectual property and the management systems of subsea trenching company Enshore Subsea.

about 5 years ago

Shelf Drilling Tenacious rig was used to drill Masirah Oil wells

Business & Finance

Masirah Oil wraps up drilling program in Oman

Masirah Oil has completed drilling three exploration prospects that were located near to the Yumna offshore field, located in the Arabian Sea.

about 5 years ago

Business & Finance

Robots could save billions in drilling costs but risk oil & gas jobs, Rystad says

Robots could replace hundreds of thousands of oil and gas jobs and save billions in drilling costs by 2030, according to a report by Rystad Energy.

about 5 years ago

North Cormorant platform off the UK - TAQA

Business & Finance

TAQA to reduce exposure to oil & gas in energy transition push

TAQA has made plans to reduce exposure to the hydrocarbons sector and for renewables to make up 30% of its portfolio by 2030 in energy transition push.

about 5 years ago

Business & Finance

Lamprell eyes revenue streams from digital ventures

Injazat and Lamprell have entered into a JV agreement to create and market innovative digital solutions focusing on the renewables and oil & gas industries.

about 5 years ago