Russian energy firms Novatek and Gazprom Neft have formed an exploration and production joint venture which will focus on developing a license in the East Siberian Sea and the Chukchi Sea.
Following an agreement with lenders, Prosafe expects to reduce its debt significantly and improve the balance sheet and financial flexibility.
Italian offshore energy services company Saipem and Naval Energies, a subsidiary of France’s Naval Group, have signed an agreement for the acquisition of Naval Energies’ floating wind business. The deal covers Naval Energies’ engineering know-how on floating units, intellectual property rights, and
Talos Energy has completed drilling operations on the Tornado 3 sidetrack well, in the U.S. Gulf of Mexico, which successfully discovered pay.
The Biden administration has banned U.S. investments in Chinese companies allegedly linked to China’s military, expanding hard-line policies introduced by the previous administration. The executive order bans American citizens from investing in some of the leading defense and surveillance technology
Offshore helicopter operator CHC has been awarded a contract extension by Neptune Energy for operations in the UK North Sea.
Russa’s Novatek and TotalEnergies have strengthened their ties on the Arctic LNG projects with two new agreements.
Oilfield services provider Archer has closed the acquisition of Norwegian well intervention company DeepWell.
Following the arrival of a jack-up rig, Trident Energy is gearing up to drill three wells at its operated field located off Equatorial Guinea.
Karoon has exercised an option to add two wells at the Patola field offshore Brazil to the work scope of a Maersk Drilling-owned rig.
Japan’s FPSO operator MODEC has firmed up a contract award with Equinor to deliver one of the largest FPSOs ever delivered to Brazil.
Bourbon Offshore Surf has won a tender to supply and manage the crew and nautical activities of two deep-sea vessels owned by the French Department of Underwater Archaeological Research (DRASSM). Bourbon will support DRASSM with risk management (QHSE), crew and technical management for the André Mal
US-based shipowner Eagle Bulk Shipping has purchased two 2015-built scrubber-fitted Ultramax bulkcarriers from Nautical Bulk Holdings for total of $44 million.
Swedish-Israeli onshore wave energy developer Eco Wave Power has announced that the company’s name will change to Eco Wave Power Global to better reflect its brand and business model.
