Business & Finance
Standard Drilling sells vessel for $10.3 million
Offshore vessel operator S.D. Standard Drilling has sold one of its large-sized platform supply vessels (PSVs) for $10.3 million.
Odfjell adding new tank bay at Houston terminal
Shipping and tank terminal company Odfjell is investing in the construction of a new tank bay at Odfjell Terminal Houston (OTH) as part of its support for ongoing regional growth in the chemical industry.
Vedanta’s Cairn adds ex-BP exec as COO to drive innovation and foster growth
Cairn has appointed a former executive of BP as a COO in its quest to drive innovation and foster growth to double India’s crude production.
IOG frustrated over another delay in spudding North Sea well
IOG is frustrated over further delay in spudding the first development well on the Southwark field in the UK North Sea.
Southeast Asia’s oil & gas output unlikely to exceed 5 million boepd, Rystad says
Rystad forecasts that Southeast Asia’s oil and gas output is unlikely to rise above 5 million barrels of oil equivalent per day (boepd).
Eco Wave Power appoints new certified adviser
Swedish-Israeli wave energy developer Eco Wave Power has selected Vastor Securities as a certified adviser for the company.
Western Gas gearing up to drill Australian well as environment plan gets regulator’s approval
Western Gas has secured the regulator’s acceptance of its environment plan to manage drilling activities for the Sasanof-1 exploration well.
PetroRio forging ahead with field development off Brazil
PetroRio has undertaken the required steps to move forward with the development of the Wahoo field by submitting a development plan to ANP.
Petrobras submits revised development plan for Brazilian field
Petrobras and its partners have submitted a revised Tupi and Iracema development plan in a bid to increase the recovery of hydrocarbons.
Greenyield Shipping to finance 4 ships with $35.5M from CIT
CIT Group’s Maritime Finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping, the American bank holding company said.
Australian regulator assessing Pilot’s proposed sale of interest in Perth Basin to Triangle
NOPTA is assessing the sale agreement between Pilot and Triangle for the offshore Perth Basin exploration permit WA-481-P.
Rockhopper in high hopes after Italy’s arbitration objections get rejected again
Rockhopper Exploration remains hopeful about the resolution of its arbitration against Italy over the Ombrina Mare field in the Adriatic Sea.
Borr gets closer to refinancing following successful equity offering of $30 million
Borr Drilling has completed an equity offering of $30 million, which has brought it closer to implementing its refinancing strategy.
Aker BP secures drilling permit for North Sea well trio
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for three wells in the North Sea offshore Norway.