Business & Finance
Modus, Ashtead ink survey and inspection equipment deal
Subsea services contractor Modus has signed a technical services agreement with Ashtead Technology for the provision of survey and inspection equipment.
Saipem board adopts rescue plan with $2.2 bln capital increase in sight
The board of directors of Saipem has approved a rescue plan to strengthen the company’s financial and capital structure.
New CEO takes over from Jackson at Seadrill helm
Following its exit from Chapter 11 bankruptcy last month, Seadrill has appointed a new President and Chief Executive Officer.
Diamond Offshore shares making a comeback to NYSE
Offshore drilling contractor Diamond Offshore has revealed it will be returning to the New York Stock Exchange after nearly two years.
AET reinforces position in Brazil after naming first of three shuttle tankers for Petrobras charter
AET has named the first of three Suezmax DP2 shuttle tankers, purpose-built for a long-term charter with Petrobras for operations in Brazil.
Empyrean days away from spudding exploration well off China
After firming up a rig slot, Empyrean is looking forward to drilling the Jade prospect well, located in Block 29/11 off China, in a few days.
FAR terminates Norman as managing director to ensure ‘fresh perspective’
After over a decade of service, FAR Limited has handed over a notice of termination to its managing director.
North Sea player doubles its interest in Catcher field
Waldorf is buying the entire UK business of Hungary’s MOL, which will see it double its staek in the North Sea’s Greater Catcher Area.
Vaalco books DOF Subsea for Gabon job
With FSO deployment still on track, Vaalco has inked a deal with DOF Subsea to support it in replacing an existing FPSO unit off Gabon.
More Indonesian acreage with ‘significant’ gas potential for BP
Following an award of two new deepwater blocks during the Indonesia Petroleum Bid Round 2021, BP has expanded its footprint off Indonesia.
Following EnQuest exit, CFO to take the same role at Tullow
Tullow Oil has revealed it will be getting a new Chief Financial Officer later this year by hiring the current CFO of EnQuest for the role.
Ampelmann kicking off FPSO support campaign in Ivory Coast
Ampelmann has started ticking off the works on its list, after inking a deal for maintenance support on an FPSO unit in the Ivory Coast.
McDermott fleet delivers major milestone for ‘largest subsea project in Asia Pacific’
U.S. offshore construction and engineering contractor McDermott has delivered a gas field for what it says is the largest subsea project in the Asia Pacific.
Dutch bank to curb financing for oil & gas projects while pushing for renewables
Dutch bank ING has decided to step up its renewable energy efforts and restricts financing for new oil & gas fields.