Business & Finance
Gulf of Mexico ‘critical part of global energy story’ for Talos CEO
Talos’s CEO portrays the Gulf of Mexico and Gulf Coast as a ‘critical part of the global energy story’ due to multiple hydrocarbon resources.
Boosting production from ageing wells and oil & gas discoveries to propel growth in well intervention market
Fortune Business Insights expects global well intervention market growth to be driven by initiatives to boost production from ageing wells and oil and gas discoveries.
Havila inks vessel deal for operations in Tunisia
Havila Shipping has secured a new contract for one of its platform supply vessels with Amilcar Petroleum for operations in Tunisia.
CGX Energy moving forward with demobilisation activities off Guyana
CGX will continue with the demobilisation of exploration drilling off Guyana, according to the Guyanese Maritime Administration Department.
Borr ponders equity offering of $30 million to bring its refinancing strategy to life
Borr Drilling is contemplating an equity offering of $30 million in its quest to successfully complete its refinancing plan.
Offshore watchdog spots 18 irregularities on Transocean rig
The Petroleum Safety Authority has issued an order to Transocean after discovering a total of eighteen irregularities on one of its rigs.
Shelf Drilling bags fresh extensions with Chevron for ops in Gulf of Thailand
Shelf Drilling has secured long-term contract extensions with Chevron for two jack-up rigs for operations in the Gulf of Thailand.
Borr firms up deal to defer $1.4 bln of debt maturities to reap benefits from market recovery
Borr has reached agreements in principle with creditors to defer $1.4 bln debt maturities to benefit from market recovery.
CCS market to reach $7 bln by 2028 bolstered by increased investments, Fortune Business Insight says
Fortune Business Insights expects the CCS market to grow to $7 bln by 2028 aided by rising investments in the energy transition initiatives.
Taylor Energy to pay millions in settlement of longest-running oil spill in U.S. history
Taylor Energy has agreed to pay millions in settlement of the Gulf of Mexico oil spill, which started 17 years ago.
Harbour Energy hires Havila vessel for ops offshore UK
Havila Shipping has secured a new contract for one of its platform supply vessels (PSVs) with Harbour Energy for operations in the UK.
Solstad scores new deal with Petrobras for ops offshore Brazil
Solstad has been awarded a long-term contract for one of its anchor handling tug supply vessels by Petrobras for operations offshore Brazil.
ION Geophysical receives NYSE listing notice
Texas-based ION Geophysical has received a written notice from the New York Stock Exchange (NYSE) that the company is not in compliance with the continued listing standards.
U.S. needs better mechanisms to oversee funding of CCS projects, GAO warns
The U.S. Government Accountability Office has expressed its concerns about DOE’s management of the funding of CCS demonstration projects.