Helix Energy Solutions has seen its fourth-quarter 2020 profit almost cut in half on lower well intervention activity, slightly offset by its robotics unit. The Houston-based company reported net income of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020 compared to $8.1 million
Transocean sank to a net loss in the last quarter of 2020 compared to the prior quarter but managed to reduce its losses in the y-o-y comparison.
Belgium’s tanker shipping company Euronav has entered into a sale and leaseback agreement with China’s investment management company Taiping & Sinopec Financial Leasing Ltd Co. for Newton, a 2009-built very large crude carrier (VLCC).
The UK Department for Business, Energy and Industrial Strategy (BEIS) has launched an Offshore Wind Investment Programme to support the delivery of manufacturing investment in the offshore wind supply chain in disadvantaged or deprived regions in the UK. UK-registered businesses can apply until 11:5
Operator Neptune Energy and its partners have started production from the Gjøa P1 development in the Norwegian sector of the North Sea.
All of the regulatory conditions relating to Premier’s merger with Chrysaor have been satisfied and the requisite antitrust approvals have been received.
The Nigerian Department of Petroleum Resources (DPR) has launched the oil and gas search, rescue, and surveillance (SeRAS) command and control centre in Lagos.
Ship owners will have to make their vessels more efficient regardless of the pathway they choose to meet the upcoming regulatory requirements on greenhouse gas (GHG) emissions in 2030 and ultimately 2050. Making vessels more efficient will be vital in ensuring owners remain competitive in the busine
Odyssey of the Seas, Royal Caribbean’s second Quantum Ultra Class cruise ship, is set to join the company’s fleet by the end of the first quarter of this year. Meyer Werft floated out Odyssey of the Seas in December 2020. The ship then moored at the outfitting pier in the shipyard harbour to receive
Norwegian LNG transportation provider Awilco LNG swung to a profit in the fourth quarter of last year.
Saipem has received a Letter of Award from Qatargas for the development of the North Field Production Sustainability Offshore Project, located off Qatar.
South Korean shipbuilder Hyundai Samho Heavy Industries, a subsidiary of Korea Shipbuilding & Offshore Engineering Co., has won a contract for the construction of three very large crude carriers (VLCCs). The order has been secured from an unnamed shipowner based in Asia with the deliveries slated fo
Oil and gas company Masirah Oil has started production from the third development well drilled in the Yumna field located in Block 50 offshore Oman.
Brazilian oil and gas company Enauta has resumed production from its Atlanta field, located off Brazil, after a nearly month-long shutdown due to repairs.
