The High Court of Justice of England and Wales has not sanctioned Hurricane Energy’s financial restructuring plan that would have handed control of the company to its bondholders.
Alfa Laval and Wallenius are joining forces in a 50/50 joint venture, named AlfaWall Oceanbird, that will supply wind propulsion solutions for cargo vessels and other ship types. Under the agreement signed on June 28, 2021, the plan is to have the first Oceanbird system onboard a vessel within five
Fugro has completed the divestment of certain assets and the related business of its non-core subsidiary Seabed Geosolutions to PXGEO for $16 million in cash.
Saga Pure, a Norwegian green investment company that recently switched its focus from shipping to renewables, has decided to acquire a stake in Hyon AS, a compatriot hydrogen solutions provider.
Australian oil and gas firm Santos has launched the front-end engineering and design (FEED) phase of the Dorado project in the Bedout Sub-basin, offshore Western Australia.
Norwegian tanker owner and operator Frontline has entered into an acquisition deal for two scrubber-fitted, ECO-type very large crude carriers (VLCCs) worth a total of $180 million. Frontline said it intends to meet the financing of this acquisition with existing borrowing facilities and establish l
AqualisBraemar LOC has completed its assignment in connection with the decommissioning & removal campaign of the Sable Project in Nova Scotia.
A court has ordered Eni to place part of its revenues from a field in Ghana in an escrow account until a unitisation agreement is reached with Springfield.
Electromagnetic Geoservices (EMGS) has entered into a framework contract with an existing customer for licensing of multi-client data from the company’s international multi-client library.
Greece-based dry bulk shipowner Pioneer Marine has announced that it will sell the remaining handysize bulk carriers after which the entire company will be dissolved.
The government of Bangladesh plans to buy 3.36 million metric million British thermal units (MMBtu) of LNG from US-based Excelerate Energy.
Taiwanese dry bulker owner Wisdom Marine has placed an order for three 82,400 dwt bulk carriers at China’s Tsuneishi Shipbuilding.
Chinese oil and gas giant CNOOC Limited has started production from the Weizhou 11-2 oilfield phase II project located in Chinese waters.
E&P company Energean has signed a contract with Stena Drilling for its 2022 – 2023 growth drilling programme located offshore Israel.
