Following a failed attempt to enter into the RSSD project off Senegal through the acquisition from Cairn, Lukoil has now made a takeover offer for FAR.
German liner company Hapag-Lloyd expects very strong earnings growth amid exceptional demand for container transports, which has spurred freight rates. Based on preliminary business figures for the month of January and the current business situation, the company’s executive board anticipates EBITDA
Aker Solutions has secured a letter of intent from Equinor for the topside work on the Troll B and C platforms offshore Norway to reduce the CO2 emissions.
PTTEP has confirmed the start-up of gas production from the Rotan and Buluh fields off Malaysia, which will increase the domestic LNG production capacity
Edinburgh-based marine energy specialist QED Naval has secured over £750,000 in investment commitments – more than double of the initial target – in a crowdfunding campaign that will close this week.
GBM Works has received a EUR 1.8 million grant from RVO.nl to construct a prototype of its monopile installation technology that is said to minimize noise pollution. The TU Delft spin-off is developing a method which uses a waterjet to liquefy the soil on the inside of the tube, which, in combinatio
Pipeshield, a Tekmar Group company, has launched a new Grouting Division, strengthening the company’s range of subsea protection, support, and stabilisation solutions. The introduction of a new Grouting Division builds on Pipeshield’s experience in fabric formwork and grout bag solutions. It enables
A joint venture between Frontera Resources and CGX Energy is now preparing to drill an exploration well offshore Guyana in H 2021.
Seabed seismic player Magseis Fairfield has narrowed it quarterly loss despite significantly lower year-on-year revenue. The Oslo-listed company generated Q3 2020 revenue of $48.4 million, down from $74.4 million same time last year. The year-on-year decline mainly reflects the significantly lower a
TechnipFMC today officially completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies has set its technical reference price at €9.00 ahead of its direct listing on the Euronext Par
Atlantic Wind Transfers’ new crew transfer vessel (CTV) Atlantic Endeavor has begun working at the Coastal Virginia Offshore Wind (CVOW) project. Blount Boats launched the Chartwell 24 CTV the day after Christmas, after which the vessel spent three days going through sea trials and USCG inspections.
Offshore drilling contractor Stena Drilling has ordered a fourth managed pressure drilling (MPD) system for the Stena Forth drillship.
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for the construction of four containerships. The contract is worth KRW 486.3 billion ($441 million). DSME has set the target for this year of $7.7 billion, Yonhap reports. The order was placed by an un
Financially troubled ocean bottom node seismic player Axxis Geo Solutions has decided to apply for bankruptcy protection. Axxis said on Tuesday it failed to reach agreement with all creditors in order to implement a voluntary solution to refinance the company. Earlier this year, the Oslo-listed comp
