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Business Developments & Projects

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d'Amico
Business Developments & Projects

d’Amico, Glencore JV offloads MR tanker

d’Amico International Shipping S.A. (DIS) said that its joint venture with Glencore Group has decided to sell a medium range (MR) tanker.

about 6 years ago
LNG Limited's Magnolia LNG
Business Developments & Projects

LNG Limited hires voluntary administrators

Cash-strapped LNG Limited has appointed voluntary administrators as the Australian company is going through difficult times. The developer of two US LNG export projects and one in Canada said in a statement that it appointed PricewaterhouseCoopers Australia on 30 April. “The voluntary administrators

about 6 years ago
Mike Wirth Chevron CEO
Business Developments & Projects

Chevron books larger profit but opts for fresh capex cuts

Chevron booked a larger profit in the first quarter of 2020 compared to the same period last year.

about 6 years ago
Menck equipment; Source: Acteon
Business Developments & Projects

Acteon companies to support platform installation off Trinidad and Tobago

The joint proposal from MENCK and LM Handling, both Acteon Group companies, has been selected to support piling operations for a platform installation off the coast of Trinidad and Tobago.

about 6 years ago
Golar LNG Partners
Business Developments & Projects

Golar LNG Partners appoints new CEO

Nasdaq-listed Golar LNG Partners has appointed Karl Fredrik Staubo as its interim chief executive officer. Golar LNG Partners current CEO Graham Robjohns announced in October last year he was to step down on April 30, 2020. Robjohns also stepped down as chief financial officer and deputy CEO of pare

about 6 years ago
One of Borr's jack-up rigs
Business Developments & Projects

Borr Drilling sells two jack-up rigs

Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.

about 6 years ago
UK approves IOG’s plan for North Sea development
Business Developments & Projects

UK approves IOG’s plan for North Sea development

The UK Oil & Gas Authority (OGA) has approved IOG’s field development plan for the Core Project Phase 1 located in the UK North Sea.

about 6 years ago
Marine Energy Wales greets Morlais new developers in Wales
Business Developments & Projects

Marine Energy Wales greets Morlais new developers in Wales

Marine Energy Wales has welcomed the news that North Wales’ tidal stream array demonstration project, Morlais, has signed up three new international turbine developers. French firms Sabella and HydroQuest as well as Spanish developer Magallanes are planning to deploy their devices on a commercial sc

about 6 years ago
Transocean Endurance
Business Developments & Projects

Impairments take Transocean deeper into the red

Transocean recorded a wider loss in the first quarter of 2020 when compared to the same period last year due to impairments on assets.

about 6 years ago
Sangomar project development
Business Developments & Projects

FAR to sell Sangomar stake after failure to secure financing

FAR Limited has said it is unlikely it will be able to finance its part of the Sangomar project development in Senegal. Therefore, FAR has started a process to sell all or part of its working interest in the project.

about 6 years ago
Israeli player still up for Sea Lion farm-in
Business Developments & Projects

Israeli player still up for Sea Lion farm-in

Rockhopper Exploration and Premier Oil, partners in the Sea Lion project located offshore the Falkland Islands, have agreed to extend the exclusivity period to Navitas Petroleum, further closing in on a definitive Sea Lion farm-out.

about 6 years ago
Reach Subsea gets new contract in North Sea
Business Developments & Projects

Reach Subsea gets new contract in North Sea

Reach Subsea has secured a contract from a new tier 1 client involving 50 project days of survey and construction support in the North Sea. The project will be executed together with its cooperation partner MMT Sweden during the summer season. The companies plan to use the Topaz Tiamat for this proj

about 6 years ago
KrisEnergy secures loan for project offshore Cambodia
Business Developments & Projects

KrisEnergy secures loan for project offshore Cambodia

Singapore’s independent oil and gas company KrisEnergy has entered into a credit facility agreement with Kepinvest Singapore to fund the near-term development project in Cambodia’s offshore Block A.

about 6 years ago
containership
Business Developments & Projects

Green Marine, Surfrider join forces on European environmental program

Green Marine and Surfrider Foundation Europe have announced that the Green Marine Europe environmental program is now available to European shipowners.

about 6 years ago
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