Australian oil exploration company Carnarvon Petroleum has farmed out up to 50 per cent interest in the Buffalo project offshore Timor-Leste to Advance Energy with drilling of a new well on the field set for later this year.
Norwegian oil and gas company Equinor has warned that possible strike action at the Mongstad refinery could affect offshore fields on the NCS.
Petroleum Safety Authority (PSA), the agency responsible for safety in the petroleum sector across the Norwegian continental shelf, has awarded a framework agreement with global engineering and technology company Vysus Group.
The City of Antwerp and the City of Bruges in Belgium have reached an agreement to merge their respective ports. The agreement marks the start of a unification process that is expected to take a year to finalise. Once completed, the ports will operate under the name ‘Port of Antwerp-Bruges’. The por
SeaTwirl has been granted a patent for its divisible offshore wind turbine by the Japanese Patent Office. “Japan has great water depths and large cities along the coasts, which is an interesting market for our floating wind turbine, especially when Japan has set a goal of becoming CO2 neutral by 205
Houston-based oil and gas company Marathon Oil has laid off around 100 employees in the U.S. or around five per cent of its total workforce.
Norwegian shipowner GC Rieber Shipping has slipped into the red in the fourth quarter of 2020 on impairment of Subsea & Renewables vessels. GC Rieber Shipping had a net loss of NOK 44.9 million in Q4 2020 including impairment of the Subsea & Renewables fleet of NOK 37.1 million, compared with a net
Vantage Drilling has entered into an agreement to manage Seadrill Partners’ drilling rigs following the latter’s filing for Chapter 11 bankruptcy.
Owner of the Harland & Wolff shipyards, InfraStrata, is acquiring the assets of Scotland’s Burntisland Fabrication (BiFab) at Methil in Fife and Arnish in Western Isles. BiFab officially went into administration in December 2020 after a deal for jacket foundation work for the Neart Na Gaoithe (NnG)
Norwegian floating solar specialist Ocean Sun has released financial results for 2020, with a slight decrease in net loss when compared to the results posted a year before.
Cyprus-based bulker owner Castor Maritime Inc. has entered into agreements to purchase two 2005 Korean-built Aframax LR2 tankers from an unaffiliated third-party seller for $27.2 million. Both vessels have attached time charter contracts with an unidentified charterer with an estimated remaining ter
Offshore drilling contractor Maersk Drilling has won new contracts for two of its drilling rigs. One contract is with Shell and the other one is with NAM.
India’s largest importer of liquefied natural gas Petronet LNG has approved the creation of an LNG bunkering unit.
Beach Energy’s environment plan for development drilling and well abandonment in the Otway Basin off Australia has been accepted by Australian authorities.
