Solstad Offshore has sold seven vessels for recycling as they are considered irrelevant for present and future markets.
Empyrean Energy has awarded a contract for a well site survey over the Jade prospect offshore China to COSL ahead of drilling operations.
Saipem has entered into a cooperation agreement with WSense, an Italian start-up, for developing complex communication networks for subsea drones.
UK’s Expro Group has completed the previously announced merger with Dutch-based oil services company Frank’s International.
NYC-based investment firm Stonepeak Infrastructure Partners is to buy Bermuda-based shipping company Teekay LNG Partners for about $6.2 billion.
Brazil’s Petrobras is selling its interest in a company, which owns interests in 15 offshore fields in the U.S. Gulf of Mexico.
Petrobras has resumed production from the Manati gas field located off Brazil following the completion of pipeline repairs.
PTTEP’s new CEO will work to strengthen the company’s E&P business and prepare for the expansion into renewable energy.
Heerema Marine Contractors’ giant Thialf vessel has removed Shell’s Goldeneye wellhead platform after installing the structure in 2003.
Energinet has revised the budget for the Baltic Pipe as the capital expenditure for the Danish part of the project is now estimated at one billion euros.
France-based geophysical services company CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software.
Monaco-based bulker owner Safe Bulkers has unveiled its first sustainability-linked credit facility that incorporates an incentive discount on interest rate, linked to independently verified pre-determined emission targets.
The merger of Baker Hughes’ Subsea Drilling Systems business (SDS) and Akastor’s wholly-owned subsidiary, MHWirth, has been completed to form a global offshore drilling equipment company.
The number of offshore rigs in the U.S. has seen a steady increase for two weeks in a row, based on Baker Hughes’ weekly rig count report on Friday.
