The France-headquartered Ideol has signed a Letter of Intent (LoI) with the Port of Cromarty Firth in Scotland to cooperate for the floating offshore wind sector. The agreement will see Ideol and its future local construction partners use the port’s land and firth berthing sites and cooperate toward
Danish container shipping major A.P. Moller – Maersk managed to grow earnings and cash flow in the third quarter of this year, despite the negative effect on global economies of the COVID-19 pandemic.
The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, Rystad Energy says.
Total and Jadestone Energy have decided to relinquish and terminate its Service Contract 56 offshore Philippines following a decision not to drill a well.
Suriname is offering eight new offshore blocks in the currently unlicensed and underexplored Shallow Offshore acreage of Suriname via a new round.
Houston-based oil and gas company Vaalco Energy has signed a sale and purchase agreement to acquire Sasol’s 27.8 per cent working interest in the Etame Marin block offshore Gabon.
Offshore drilling contractor Vantage Drilling has secured drilling work for its jack-up rig in Indonesia and a drillship in India.
Equinor’s Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year.
Following the Covid-19 pandemic and the oil price crash in early 2020, for some players in the oil and gas sector consolidation may be the only way to stay solvent.
The U.S. agency BOEM is planning the first Gulf of Mexico oil and gas lease sale for 2021, which outlines all available areas in the region-wide auction.
Subsea services provider Mermaid has reported net loss of $84.1 million for the three-month period ended 30 September 2020. This result compares with loss of some $6.2 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22 million, versus $27 mil
The Japanese Kiso-Jiban Consultants (KJC) and the Norwegian Geotechnical Institute (NGI) have signed a Memorandum of Understanding (MoU) for offshore wind energy in Japan. The two parties plan to jointly undertake work related to geotechnical investigations, site characterization and foundation desi
Windthrust Ltd., a subsidiary of National Ports Corporation, has revealed plans for a combined self-propelled floating port and installation vessel for offshore wind turbines, foundations and substations. Oceandock LX’s 60,000m2 deck space and onboard storage facility allow for the components to be
Japanese engineering major Mitsubishi Heavy Industries (MHI) is set to issue a $239 million (JPY 25 billion) green bond on November 24 as it aims to raise funds to support the decarbonization challenge. MHI revealed its green bond issuance plans at the end of October saying the funds raised would ta
