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ADES International rig; Source: Transocean
Business & Finance

Saudi Arabian investment fund to buy ADES International

Innovative Energy has made an all-cash $12.5 per share offer to take UAE-based oil & gas drilling and production services provider ADES International into Saudi hands.

about 5 years ago
Höegh LNG to go private with Morgan Stanley deal
Business & Finance

Höegh LNG to go private with Morgan Stanley deal

Norwegian floating LNG player Höegh LNG has set forth a merger plan with funds managed by Morgan Stanley Infrastructure Partners.

about 5 years ago
Ocean-Ecology-and-Åkerblå-Jointly-Target-Offshore-Wind
Business & Finance

Ocean Ecology and Åkerblå to work together in offshore wind

Norwegian environmental and technical consultancy Åkerblå Group is buying into UK-based marine and environmental survey specialist Ocean Ecology with an aim to work in offshore wind. Åkerblå Group is acquiring 51% of the shares in Ocean Ecology, while the founders and current owners will retain the

about 5 years ago
The Nordsee Ost offshore wind farm
Business & Finance

Aker wins Kværner’s Nordsee Ost OWF case

Aker Solutions has received the final ruling from an arbitration tribunal in Germany in the case concerning the Nordsee Ost offshore wind project for which Kværner, now part of Aker, delivered jacket foundations. “The ruling entitles Aker Solutions to receive a recoverable cash amount of approximate

about 5 years ago
Petrojarl I FPSO is operating on the Atlanta field - Enauta
Business & Finance

Enauta calls for FPSO bids for full development of Atlanta field

Enauta has initiated the bidding process for the FPSO for the Full Development System (FDS) of the Atlanta field located offshore Brazil.

about 5 years ago
ENN cuts stake in Santos
Business & Finance

ENN cuts stake in Santos

China’s ENN Group has reduced its stake in the Australian energy major Santos.

about 5 years ago
Maersk Resolute rig
Business & Finance

Maersk to reactivate jack-up rig for Dutch North Sea job

Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands, which will employ the harsh-environment jack-up rig Maersk Resolute.

about 5 years ago
Damen
Business & Finance

Damen sets up ship financing division

Dutch shipbuilder Damen Shipyards Group revealed plans to launch a specialised financial services division, starting from 1 April 2021.

about 5 years ago
Teras Conquest 9 liftboat - Ezion
Business & Finance

Ezion sells another liftboat to repay bank loans

Singapore’s liftboat provider Ezion Holdings has agreed to sell another liftboat, this time for a price tag of about $18.5 million.

about 5 years ago
Photo of Verdant Power installing tidal turbines as part of RITE Project (Courtesy of Verdant Power)
Business & Finance

Verdant Power shuffles board

US-based tidal energy developer Verdant Power has appointed a new chairman and four additional members to its board of directors as the company focuses on global commercialization.

about 5 years ago
Methane sensing technologies will be deployed on the Neptune-operated Cygnus platform
Business & Finance

Neptune to test methods for measuring offshore methane emissions

Neptune Energy and EDF will test an approach for measuring oil and gas methane emissions from offshore oil and gas facilities.

about 5 years ago
Sea Lions; Source: WWF
Business & Finance

Sea Lion partners get license extension from Falkland Islands gov’t

The Falkland Islands government has agreed to extend the terms of several offshore oil and gas licenses operated by Premier Oil and Rockhopper Exploration, including the one containing the Sea Lion field.

about 5 years ago
Scarabeo 8 rig - Saipem
Business & Finance

Saipem to pay up for overtime work violation on rig

Saipem will have to pay compensation to two offshore workers in Norway due to the violation of working hours regulations.

about 5 years ago
Illustration; Source: Navingo Shell
Business & Finance

Shell UK head to lead low-carbon fuels. North Sea boss replaced

Oil major Shell has made changes in its UK senior leadership as part of a global overhaul to cut costs and shift away from oil and gas to renewable power.

about 5 years ago
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