Japan’s floating solutions provider MODEC has made changes to its executive management team following the resignation of its president and CEO.
Offshore drilling rig contractor Seadrill has asked creditors to write off more than 85 per cent of its debts in exchange for a 99 per cent stake in the reorganized company.
Wind Power Energy is planning to accelerate the development of the Kashima offshore wind project in Japan. The project is planned to commence construction in 2024 at its 680 ha site in Kashima Port in the Ibaraki Prefecture. The joint venture of Wind Power Group, Tokyo Gas, and Vena Energy is develo
The U.S. National Offshore Wind Research and Development Consortium has selected 15 projects to receive USD 8 million for support structure and electrical system innovation, supply chain development, and solutions for impacts on wildlife and radar. Amongst the four projects chosen for innovative sup
Well integrity specialist HydraWell has been awarded a multi-year contract with PSE Kinsale Energy to support a major decommissioning project in Ireland.
Malaysian oil and gas giant Petronas has declared force majeure on its Yetagun field, located offshore Myanmar, due to a significant decline in output.
Egypt will ask for over $1 billion in compensation for damages caused by the grounding of Ever Given and the resulting blockage of the Suez Canal last week, Reuters reports citing Suez Canal Authority (SCA) Chairman Osama Rabie as saying to local reporters. The compensation is also expected to cover
Well-Safe Solutions has completed the intake of its new asset, the Well-Safe Protector, and is now preparing for rig acceptance audits in the coming weeks.
China State Shipbuilding Corporation will build Seaspan’s latest batch of six container vessels featuring 15,000 TEU capacity. The company’s subsidiaries Hudong Zhonghua and Jiangnan Shipbuilding will build three ships from the series each. This project marks the first time that Seaspan has placed a
Crew changes on the Equinor-operated Mariner platform located off the UK have been suspended after a helicopter got stuck on the platform.
MODEC has received a notification from Petrobras that its eligibility to participate in new competitive bidding has been suspended for 13 months.
Gas infrastructure company Fluxys reported significant jump in activities at the Zeebrugge LNG facility.
Japanese shipping major NYK has signed two sustainability-linked loan (SLL) agreements worth $840 million. The first loan, secured with Sumitomo Mitsui Banking Corporation is worth $600 million, will take the form of a revolving credit facility. The second loan, worth $240 million, has been obtained
Chinese shipyard Cosco has started working on a conversion of a VLCC into an FPSO for the Woodside -operated Sangomar project located offshore Senegal.
