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Business & Finance

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West Hercules rig - Equinor
Business & Finance

Equinor makes minor oil discovery in North Sea

Norwegian oil and gas company Equinor has made a minor oil discovery near the Visund field in the North Sea offshore Norway.

about 5 years ago
Hibernia platform - Wood
Business & Finance

Hibernia contract renewal for Wood

HMDC has renewed a contract with Wood to provide engineering, procurement, and construction solutions and maintenance to the Hibernia.

about 5 years ago
energy transition
Business & Finance

In focus: Challenge accepted by oil major while Norway answers offshore wind calls

As the energy transition is unravelling, the industry is paving the way to net-zero by pushing for further emission cuts and new fuels and vessels.

about 5 years ago
Petrobras
Business & Finance

Petrobras orders $2.3 billion FPSO from Saipem and Korea’s DSME

Petrobras has signed a contract with the joint venture formed by Saipem and DSME in the amount of $2.3 billion for the supply of P-79 FPSO.

about 5 years ago
Aoka Mizu FPSO - Hurricane Energy
Business & Finance

Lancaster issues swell for Hurricane as well trips and shuts down

In addition to facing a wind-down and a wind-up of its Lancaster field, Hurricane Energy has experienced further issues on its field.

about 5 years ago
James Fisher expands decommissioning capability with new acquisition
Business & Finance

James Fisher expands decommissioning capability with new acquisition

James Fisher and Sons has acquired engineering solutions and consultancy firm Subsea Engenuity, extending its current decommissioning capability under James Fisher Offshore (JFO). James Fisher stated that the addition of this innovative technology enhances JFO’s capability by enabling full subsea de

about 5 years ago
Seacor Marine
Business & Finance

Seacor Marine enters agreement to pay off debt

U.S. offshore support vessel provider Seacor Marine has entered into a second amendment and conditional payoff agreement with JPMorgan Chase Bank.

about 5 years ago
Tanker
Business & Finance

Fairfield orders first dual-fuel chemical tanker newbuildings

Chemical tanker service company Fairfield Chemical Carriers (FCC) has penciled a contract with Japan’s Fukuoka Shipbuilding for the construction of two 26,300 dwt dual fuel stainless steel chemical tankers.

about 5 years ago
Malaysia: Aker Solutions manager charged over 'misleading' Petronas
Business & Finance

Malaysia: Aker Solutions manager charged over ‘misleading’ Petronas

An Aker Solutions manager in Malaysia has been charged due to allegations that he had submitted false documents in dealings with state-owned energy giant Petronas, Reuters reports. The case comes amid investigations by the Malaysian Anti Corruption Commission (MACC) into whether the Norwegian compan

about 5 years ago
Golden Eagle - EnQuest
Business & Finance

EnQuest inks new $750 million debt facility to finance Golden Eagle deal

EnQuest has signed a new senior secured borrowing base debt facility to enable refinancing and the acquisition of Golden Eagle.

about 5 years ago
Standard Drilling
Business & Finance

Standard Drilling sheds platform supply vessel

Cyprus-based offshore vessel operator S.D Standard Drilling has entered into a memorandum of agreement (MOA) to sell one of its platform supply vessels.

about 5 years ago
NYSE
Business & Finance

Big money forcing Big Oil into climate change revolution

With the annual general meeting season now behind us, many oil majors have felt the heat from investors – most prominently BlackRock – or courts to put more effort into accelerating climate action.

about 5 years ago
Lindblad’s National Geographic Resolution hits the water
Business & Finance

Lindblad’s National Geographic Resolution hits the water

Norway’s Ulstein Verft has floated out National Geographic Resolution, Lindblad Expeditions’ expedition cruise vessel designed for polar waters.

about 5 years ago
Pioneering Spirit vessel
Business & Finance

Giant vessel removes Morecambe Bay topsides in less than 90 minutes

Giant heavy lift vessel Pioneering Spirit has executed the single-lift removal of the DP3 gas production topsides from Morecambe Bay.

about 5 years ago
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