Business & Finance
ExxonMobil unveils two more oil discoveries off Guyana
U.S. oil and gas giant ExxonMobil has made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.
Amazon Warrior leaves South Africa as Shell halts controversial survey
Oil major Shell has decided to terminate the current contract for the survey vessel Amazon Warrior after it had to halt its seismic survey activities along South Africa’s Wild Coast following a court decision. According to the latest AIS data, Amazon Warrior has left South Africa and is currently on
Valaris finds more work for its rigs
Valaris has been awarded several new contracts for its rigs for operations in the Gulf of Mexico, Australia, and the UK North Sea.
Piraeus Bank sells bad shipping loans for €400M
Greek multinational financial services company Piraeus Bank has reached an agreement to sell a portfolio of non-performing shipping loans for €400 million (about 452.7 million).
CMA CGM takes over one of the largest US port terminals
French shipping giant CMA CGM has completed the acquisition of 90% of Fenix Marine Services (FMS) terminal, one of the largest terminals in the Port of Los Angeles that provides container handling services to shipping lines.
AET brings in first of three brand-new shuttle tankers for Shell charter
AET has taken delivery of the first of three Suezmax DP2 shuttle tankers, purpose-built for a charter inked with Shell for ops in Brazil.
Tufton Oceanic buys tanker and bulker
UK’s investment company Tufton Oceanic Assets Limited has decided to expand its fleet with two vessels.
Skuld joins global initiative for zero-carbon shipping
Skuld, a marine insurance provider, has joined the Maersk Mc-Kinney Moller Center (MMMC) for Zero Carbon Shipping, an independent not-for-profit research and development center, as part of its stated intention to protect ocean industries.
ADNOC investing nearly $1 billion in long-term development of giant offshore field
UAE’s state-owned energy giant ADNOC will be investing nearly $1 billion in the long-term development of the Umm Shaif field.
Dutch approve NeuConnect offshore works
NeuConnect, a new interconnector between the UK and Germany, has received permits from the relevant Dutch authorities for works offshore the Netherlands. A section of the project’s subsea cabling route will pass through Dutch waters in the North Sea, requiring a Water Permit and a Nature Permit, whi
Aker BP getting ready for North Sea well
Norwegian offshore petroleum safety regulator has granted Aker BP consent for exploration drilling in the North Sea.
EnQuest to pay over $17 million in dispute settlement with Malaysian contractor
EnQuest has been ordered to pay over $17 million to settle an adjudication claim regarding offshore works with Barakah Offshore’s PBJV Group.
Ex-Valaris boss joins private equity firm to help build energy transition portfolio
A former CEO of Valaris is joining SCF Partners, a private equity group based in Houston, Texas and offices in Calgary, Singapore, and Aberdeen.
Tidewater adds ‘seasoned executive’ to its board to foster growth in recovering oil & gas market
Tidewater has appointed a new member to its board of directors, which is expected to assist in spearheading the company’s growth strategy.