Business & Finance
Golar LNG: CoolCo wraps up $250m private placement
Bermuda-based LNG shipper Golar says its newly-formed company CoolCo, which will acquire its eight LNG carriers, has successfully closed an upsized private placement of $275 million in new shares.
PGS: Seismic market weaker in 2021, but gradually recovering
Norway-based Petroleum Geo-Services (PGS) has reported an almost $6 million decrease in segment revenues in 2021 compared to 2020 due to, as the company says, the overall seismic market being “weaker”. Segment revenues and other income reached $590 million in 2021, compared to $595.9 million in 2020
India: ONGC taps L&T for pipeline replacement project
L&T Hydrocarbon Engineering (LTHE) has secured a contract from Oil & Natural Gas Corporation (ONGC) for operations on India’s west coast.
Ashtead expands Middle East portfolio with new reseller deal
Ashtead Technology, a subsea technology specialist, has signed a multi-year reseller agreement with Norbit Subsea, a provider of technology solutions to the global maritime sector.
Wood collects funding for autonomous robotics project
Wood has secured nearly $3 million in funding for an oil and gas robotics project, which is expected to create new job opportunities.
NYK takes stake in tanker firm Uyeno Transtech
Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) has agreed to acquire a 10% stake in Uyeno Transtech, a domestic tanker operating company that is part of the Uyeno Group.
Two players in design battle for Equinor’s stalled project while EIS gets unfavourable review
Equinor has selected two engineering players to carry out conceptual studies for an FPSO vessel while the review of the project’s EIS deemed it an unreliable source of information for decision-making processes.
Continuing in Myanmar no longer ‘viable option’ for Woodside
Following an exit by TotalEnergies and Chevron, Woodside has also decided to follow suit and abandon Myanmar operations.
Pipeshield awarded patent for multi-lift concrete mattresses solution
Pipeshield International, a Tekmar Group company, has been granted a patent for its SUPER-MAT high payload multi-lift concrete mattresses solution. Designed as a lifting device when used with Pipeshield’s heavy-duty quick-release frames, the SUPER-MAT enables the handling of mattresses in stacks, pr
Panoro closing Nigerian chapter following long-awaited govt’s nod
Panoro Energy has received approvals from the Nigerian government for the sale of all its interest in in OML 113 off Nigeria to PetroNor.
Over 500 CRP Subsea innovative buoyancy modules hit the Gulf of Mexico water
CRP Subsea has delivered more than 500 innovative buckle mitigation rotating buoyancy modules (RBMs) to protect Gulf of Mexico flowlines. The RBMs, produced at CRP Subsea’s manufacturing facility in Skelmersdale, England, will protect the pipeline by allowing it to roll on the seabed reducing latera
COWI puts its foot down on new fossil fuel projects, welcomes offshore wind and green hydrogen
The Denmark-headquartered engineering company COWI will turn down all fossil fuel projects from now on as it aims to transform its business and reach 100 per cent revenue within sustainability-related projects in three to five years’ time. In a press release issued on 25 January, the CEO of COWI Gro
Equinor now officially opening challenging Martin Linge field
Equinor is now officially opening its operated Martin Linge field, located in the North Sea, following the production start-up last year.
Greenbacker Capital enters floating solar market
Sustainable infrastructure investor Greenbacker Capital has made an equity investment in California-based solar developer Noria Energy, marking its entry into floating solar market.