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Welltec
Business & Finance

Welltec lands three-year deal with Petronas

Welltec, a technology solutions provider for the energy industry, has been awarded an exclusive three-year contract by Petronas.

about 5 years ago
Photo of Fraser Moonie, Decom North Sea's new chief executive officer (Courtesy of Decom North Sea)
Business & Finance

Subsea industry specialist takes helm of Decom North Sea

Decom North Sea (DNS), a membership organisation dedicated to the oil and gas decommissioning sector, has appointed Fraser Moonie as its chief executive officer.

about 5 years ago
Total
Business & Finance

Total postpones further drilling offshore South Africa

French oil major Total has decided to postpone its application for additional drilling in Block 11B/12B offshore South Africa.

about 5 years ago
AG&P contract backlog hits $770 mln
Business & Finance

AG&P contract backlog hits $770 mln

Atlantic Gulf & Pacific Company (AG&P) and its units are entering the second quarter of 2021 with a record of contracted projects totaling over US$770 million.

about 5 years ago
Flex LNG charters quartet to Cheniere
Business & Finance

Flex LNG charters quartet to Cheniere

Flex LNG, a pure-play LNG carrier company has entered into time charter party agreements with Cheniere for four LNG carriers.

about 5 years ago
Illustration/Ingine's wave energy demonstration plant in Jeju Island, South Korea (Courtesy of Ingine)
Business & Finance

South Korea backs Ingine’s wave energy scheme in Indonesia

South Korea-based wave energy developer Ingine has been selected to receive financial support from the Korea Environmental Industry & Technology Institute (KEITI) for 10MW wave energy project planned for Indonesia.

about 5 years ago
Liza Destiny FPSO - ExxonMobil
Business & Finance

Disappointed ExxonMobil forced to curb output on Guyana FPSO

ExxonMobil has revealed its disappointment with the performance of the Liza Destiny FPSO following issues with a gas compressor.

about 5 years ago
Image showing Mississipi River Delta. Osmotic power is extracted from the difference in the salt concentration when river fresh water meets sea water, which naturally occurs in river deltas. (Courtesy
Business & Finance

Sweetch Energy gets €5.2M boost for osmotic power prototype

French-based osmotic power pioneer Sweetch Energy has secured €5.2 million to develop its first full-scale osmotic power prototype and start the industrialisation phase for the novel clean power source.

about 5 years ago
Rendering of the Sangomar FPSO - FAR
Business & Finance

FAR finally gets takeover offer from Remus Horizons

Following a conditional non-binding indicative proposal in late 2020, FAR Limited has finally received a takeover offer from Remus Horizons.

about 5 years ago
Photo showing Seaglider with rig in the background (Courtesy of Cyprus Subsea)
Business & Finance

Nicola Offshore and Cyprus Subsea sign partnership deal

Offshore hydrographic survey specialist Nicola Offshore has joined forces with ocean monitoring expert Cyprus Subsea Consulting and Services to boost the acquisition of marine data.

about 5 years ago
Norwegian-Seismic-Company-Wins-First-Offshore-Wind-Contract
Business & Finance

Norwegian seismic company wins first offshore wind contract

Norwegian seismic company SeaBird Exploration has secured its first contract in the offshore wind sector. SeaBird will provide its survey vessel Petrel Explorer as an accommodation vessel for a wind farm maintenance campaign in the Baltic Sea. The company did not disclose the name of the project, bu

about 5 years ago
Illustration (Courtesy of Polarcus)
Business & Finance

Polarcus agrees standstill and settlement terms with lenders

Marine seismic company Polarcus has agreed standstill and settlement terms with its lenders who have committed to refrain from exercising any further security interests over the Polarcus Group or their assets.

about 5 years ago
Ocergy floating wind and data buoy platforms
Business & Finance

U.S. oil major Chevron enters offshore wind market

U.S. oil major Chevron, together with Norwegian company Moreld Ocean Wind, is set to invest in offshore wind technology at Ocergy, a U.S. company developing a low-cost floating wind foundation and a multi-disciplinary environmental monitoring buoy. Ocergy secured the investments through its Series A

about 5 years ago
Illustration; Photo by Zoran Tarade (used under permission from photographer)
Business & Finance

ADM, Eunisell considering Barracuda field development options

Oil and gas investment company ADM Energy has signed a deal with Eunissel to explore collaboration to develop the Barracuda oil field in OML 141 located in shallow waters off Nigeria.

about 5 years ago
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