LPG shipping heavyweight Epic Gas, and Lauritzen Kosan A/S, the gas carrier division of J. Lauritzen, have entered into a deal to combine their fleet and business activities to create BW Epic Kosan. The combination will create a genuine powerhouse in the last mile delivery of LPG and other specialit
MODEC in December 2020 obtained approval by ABS for the new offshore repair method for hull structures of FPSOs as an original standard repair method.
SBM Offshore has been awarded a lease extension from Shell for an FPSO in Brazil and expects another lease duration extension from ExxonMobil in Guyana.
The Port of Rotterdam, Europe’s leading trading hub, has become part of a feasibility study named HySupply to explore what role could the port play in the possible creation of a new trade corridor for hydrogen. The project is led by Germany, which is investing heavily in hydrogen, and it is focusing
Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reorganization.
Edison Chouest Offshore has executed the first long-term contract with an oil and gas company to install a battery-on-board system on a PSV.
PetroRio has bought a semi-submersible drilling rig for a symbolic price of $1. The rig will be used for well interventions and completions.
Cenovus Energy and Husky Energy have obtained all of the key regulatory approvals required in connection with the combination of the two companies.
Oil & Gas UK has appointed three major business leaders to its board as the sector sharpens its focus on meeting net-zero targets.
Chinese liner shipping firm SITC International Holdings Co has placed an order for up to ten containerships at a compatriot shipyard Yangzijiang Shipbuilding. The contract includes six firm orders for 2,600 twenty-foot equivalent unit (TEU) containerships and includes options for four additional shi
Vaalco Energy is moving forward with its acquisition of Sasol’s working interest in the Etame Marin block located offshore Gabon.
Sif has signed a heads of agreement with Royal IHC to acquire the Netherlands-based engineering and consultancy company KCI the engineers. The final agreement is subject to due diligence outcome and is expected in the first quarter of 2021. Works Councils of the two parties have been informed or ask
AqualisBraemar has acquired 100 per cent of the shares in LOC Group with the purchase price consideration of USD 20.2 million (around EUR 16.5 million) cash consideration plus two million conditional warrants in AqualisBraemar. As reported in November, when the acquisition was announced, LOC Group’s
Equinor has decided to invest NOK 3 billion ($342.8 million) in the Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent.
