Fossil Energy
Mocean to commercialize wave power technology for ROV, AUV use
Wave energy firm Mocean Energy has set up a base in Aberdeen to commercialize its Seabase technology for use in the North Sea.
Popular news, September 16 – 22, 2019
Offshore Energy Today’s most popular news from the past week.
POSH Terasea defaults on loan payment
POSH Terasea, a provider of towing services for the international offshore oil and gas industry, has defaulted on a loan. According to Pacc Offshore Services Holdings (POSH), a 50 percent partner in the Posh Terasea joint venture, towing provider Posh Terasea has defaulted on a loan extended by a fi
Aurelius finances Ardent’s buyout from co-owners
Alternative direct lender Aurelius Finance Company has provided financing to support the buy-out of global emergency management and offshore decommissioning company Ardent from co-owners Svitzer and Crowley Holdings.
McDermott receives offers to sell tech unit Lummus for over $2.5B
McDermott International has received offers to sell its Lummus Technology business. The oilfield services company said the valuation of the tech business exceeded $2.5 billion.
Intan Offshore terminates AHT charter with Emas. Threatens legal action
Malaysian offshore support vessel owner Intan Offshore has canceled an anchor handling tug charter deal it had with Emas Offshore.
Kvaerner hired to dispose of Gyda platform
Kvaerner has been awarded a contract from Allseas for offshore preparations assistance, onshore disposal, and recycling of the Repsol-operated Gyda platform in the North Sea.
i3 set to spud Serenity well in UK North Sea
Drilling expected to begin shortly, pending regulatory consent
Repsol awards Gyda platform removal job to Allseas
Repsol Norge has awarded Allseas an EPRD contract for the removal, transfer, load-in to shore and disposal of its Gyda platform in the Norwegian North Sea.
Norwegian oil firm building world’s largest offshore wind farm in UK
The world’s largest offshore wind farm development to be built 30 km east of the Yorkshire Coast in the UK North Sea.
Corallian adds new blocks to UK portfolio
Corallian Energy has been awarded exclusive licenses over seven blocks and part blocks in the Inner Moray Firth (IMF) part of the UK Continental Shelf.
MEA Present at Offshore Energy Exhibition & Conference with Marine Energy Pavilion
The Marine Energy Alliance will be present at the Offshore Energy Exhibition & Conference. It has claimed a beautiful spot right at the entrance of the exhibition floor for the Marine Energy pavilion.
OKEA needs to improve plans for first NCS drilling operations
The PSA has found improvement points during an audit of OKEA’s planning of its first drilling operations on the NCS.
Petrofac sells remaining stake in Mexican operations to Perenco
Oilfield services provider Petrofac has sold its remaining 51 percent stake in Mexican operations to Perenco.