Taiwanese shipping company Wan Hai Lines has placed an order with Hyundai Heavy Industries for five 13,200 TEU container vessels. Wan Hai did not disclose the value of the deal, however, Hyundai said in a stock exchange filing that the contract was worth KRW 637 billion ($ 563 million). The new vess
Offshore accommodation provider Jacktel has won a contract from Total E&P for the use of the accommodation jack-up Haven at the Tyra field offshore Denmark.
Jan De Nul has laid the keel for its jack-up vessel Voltaire at the Cosco Shipping Shipyard in Nantong, China. Jan De Nul started the construction of Voltaire in May last year with a steel cutting ceremony at the Cosco shipyard. The jack-up will be able to transport, lift and install the next-genera
Oil and gas company Lundin Energy Norway has made a minor oil discovery near the Solveig field in the North Sea off Norway.
Australian energy giant Santos has restarted production from the Ningaloo Vision FPSO following scheduled maintenance in Singapore.
Northland Power and PKN Orlen have finalized their strategic partnership under which Northland Power is acquiring a 49% stake in the 1.2 GW Baltic Power offshore wind project in Poland. After fulfillment of the conditions precedent, including merger clearance, stipulated in the joint venture agreeme
Ever Given made headlines yesterday following its grounding in one of the key bloodlines of the global trade, namely the Suez Canal. Specifically, 12% of world trade takes place through the Suez Canal, and estimates from Bloomberg indicate that the blockage has halted $9.6 billion worth of traffic a
Aker Solutions has won a large contract from ConocoPhillips to provide a subsea production system for the Eldfisk North development offshore Norway.
Italy’s Eni and Russia’s Novatek are starting drilling operations in waters offshore Montenegro, using Vantage Drilling’s Topaz Driller jack-up rig.
Eni and the University of Strathclyde have signed a Memorandum of Understanding (MoU) to develop a program to help the workforce from the oil & gas sector in Scotland transfer their skills to renewable energy technologies. Eni with Eni Corporate University and the Strathclyde University will work to
Noble Corporation and Pacific Drilling have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling.
Annual oil and gas reserves and production by Chinese oil and gas player CNOOC Limited have hit a new record high while costs decreased to a ten-year low.
Saga Pure ASA, a Norwegian company that recently switched its focus from shipping to renewables, has committed to subscribe for NOK 30 million ($3.5 million) in a private placement of new shares in IC Technologies AS (ICT).
Ineos Energy has made an agreement to sell its oil and gas business in Norway to PGNiG Upstream Norway for a consideration of $615 million.
