Business & Finance
Exposure loss for vehicle owners onboard Felicity Ace estimated at $155M
A fire on the Felicity Ace car carrier off Azores Islands is likely to generate at least $155 million in expected losses for Volkswagen, Porsche, Audi and Lamborghini vehicles on board the vessel, the analysis from risk modelling company Russell showed.
Malaysia’s Velesto gets one-year gig with ExxonMobil
Malaysia’s Velesto Energy has secured a one-year contract with oil major ExxonMobil for operations in Malaysia.
Over $400 million of Valaris backlog hangs in the balance after TotalEnergies abandons project
Valaris has secured new contracts for its rigs, however, over $400 million of backlog related to a drillship contract in the Gulf of Mexico now hangs in the balance.
ExxonMobil kicks off drilling ops in Brazil with Seadrill drillship
ExxonMobil has started drilling an exploration well on the Cutthroat prospect, located in the Sergipe-Alagoas Basin off Brazil.
GEOxyz gets Nexus 2 USBL systems for its survey vessels
UK’s Applied Acoustics has delivered two Nexus 2 USBL systems with 2780 directional transceivers to Belgium-based GEOxyz for its survey vessels. The model purchased by GEOxyz is the Easytrak Nexus 2 EZT-2780. The company also deployed 1113H Mini beacons, 1119 Mini beacons and 1519 Release beacons. W
EU fund buys majority stake in Jifmar Offshore Services
European infrastructure fund Marguerite II is set to acquire a 65% stake in France’s Jifmar Offshore Services from RAISE Investissement. Marguerite said it aims to support Jifmar in its transition to next-generation offshore service vessels operations to address the decarbonization challenges of the
Odfjell Drilling to replace Seadrill as manager for another rig
Offshore drilling contractor Odfjell Drilling will be taking over the management of a jack-up drilling rig from Seadrill.
Participant funding available for Canada’s Ksi Lisims LNG
Impact Assessment Agency of Canada made funding available to help the public and Indigenous groups participate in the impact assessment process for the proposed Ksi Lisims LNG terminal project.
Encouraged by latest discovery, TotalEnergies hopes to find enough oil for first development in Suriname
TotalEnergies and APA Corporation have a significant new oil and associated gas discovery at in the Block 58, offshore Suriname.
Aker Solutions taps PaleBlue for ROV simulator
PaleBlue has delivered a “modern” remotely operated vehicle (ROV) engineering simulator to Norwegian oilfield services provider Aker Solutions. The simulator will be used to help Aker Solutions simulate the behavior of the subsea robots/ROVs in a controlled environment, performing accessibility chec
India launches tender for 100MW floating solar project
Solar Energy Corporation of India (SECI) has opened a tender for the construction and operation of 100MW floating solar plant in eastern India’s state of Jharkhand.
IOG frustrated as severe weather hampers UK gas project start-up
IOG is experiencing a further delay in the start-up of its Saturn Banks Project – Phase 1 due to stormy weather conditions.
FAR uncovers further exploration opportunities in Gambian blocks
FAR and Petronas have completed a review of the prospectivity of blocks offshore The Gambia, opening additional exploration opportunities.
REG, Bunker Holding partner up to advance biodiesel use in shipping industry
Renewable Energy Group (REG), a producer and supplier of renewable fuels, has entered into a strategic global collaboration agreement with Bunker Holding Group, a supplier and trader of marine fuels, to further develop the U.S. and EU marine markets for sustainable bio-based diesel.