Business & Finance
Noble rig picking up where it left off for Santos
Santos is preparing to re-start drilling operations on its well off Australia following a recent pause due to potential cyclone activity.
North Sea wildcat well comes up dry
Norwegian oil and gas company Equinor has found no traces of hydrocarbons in its latest exploration well located offshore Norway.
Murphy Oil reveals new CFO as current one prepares to exit
Murphy Oil has revealed that its current CFO will be stepping down at the end of June, prompting the company to name a replacement.
UK securing shipbuilding future with $5 billion investment
The UK government is planning to invest £4 billion (approximately $5.3 billion) in the country’s regional shipbuilding industry as it prepares to publish refreshed National Shipbuilding Strategy (NSbS).
McDermott wraps up first subsea campaign for Santos
McDermott International has completed a subsea campaign at the Bayu-Undan infill well Phase 3C project in the Timor Sea under its first subsea engineering, procurement, construction and installation (EPCI) contract with Santos. McDermott’s scope included a tieback of a single in-field well to existi
MAN gets new subsea compressor order after world’s first units reach operational milestone
Equinor has awarded MAN Energy Solutions with a new contract to supply a subsea compressor unit for the Åsgard gas field offshore Norway in order to enhance production and extend the field’s lifetime. The order comes as the existing MAN subsea compression trains achieved 100,000 operational hours si
U.S. Energy Secretary cuts to the chase and urges oil & gas companies to produce more
U.S. Energy Secretary Jennifer Granholm has urged the oil and gas companies to increase their oil and gas production to stabilise the market.
James Fisher inks seasonal charter agreement for 2011-built MPSV
James Fisher has signed a seasonal charter agreement for Go Marine Group’s multi-purpose service vessel (MPSV) Go Electra, following, as the company describes, an extensive vessel research and evaluation process. The agreement will see the vessel used throughout the remainder of 2022 by James Fisher
Greensea launches autonomous hull cleaning spin-off
Marine software firm Greensea Systems has launched a spin-off company that uses its digital expertise to offer a subscription model robotic hull cleaning system.
Thai partners secure fresh deal for five AHTS vessels
MEO and its Thai joint venture, Uniwise Offshore, have secured deals for five AHTS vessels with an undisclosed E&P firm in Thailand.
WATCH: Pioneering Spirit vessel installs final Sverdrup platform
The world’s largest heavy-lift vessel, Pioneering Spirit, has installed the fifth and final platform at the Johan Sverdrup field.
Boskalis receives takeover offer, company valued at €4.2 billion
The Curaçao-based international holding company, HAL Holding, has announced an intended all-cash voluntary public offer of €32.50 per ordinary share for all issued ordinary shares in the capital of Royal Boskalis Westminster N.V. HAL has been a shareholder of Boskalis since 1989 and currently holds
Hapag-Lloyd buys container liner business of Africa specialist DAL
German container shipping company Hapag-Lloyd has decided to acquire the container liner business of compatriot carrier Deutsche Afrika-Linien (DAL).
Noble and Maersk reveal board members for ‘unmatched player in offshore drilling market’
Offshore rig owners Noble Corporation and Maersk Drilling have revealed a board of directors for the new combined company.