Transocean booked a profit in the third quarter of 2020 backed by a gain on restructuring and retirement of debt, offset by a loss on disposal of assets.
Finland-based technology company ABB has won a contract worth over $300 million from Daewoo Shipbuilding & Marine Engineering to supply a power and propulsion package for six new LNG transport vessels along the Northern Sea Route.
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig.
Aker Offshore Wind has secured a grant from Norway’s Enova for a pre-project that aims to reduce costs and increase maturity in important technical segments of floating offshore wind. The launched project study explores how the supplier industry can develop and support the realization of floating of
A director of Flex LNG, the shipping company controlled by billionaire John Fredriksen, has resigned from the board of directors.
UK oil and gas company Premier Oil has received creditor support for the proposed merger with Chrysaor announced in October.
Hibiscus Petroleum has completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign.
Well abandonment services provider Well-Safe Solutions has secured a £26 million ($33.6 million) investment to fund the next phase of the company’s growth plan.
Denmark-headquartered consultancy NIRAS has revealed plans to enhance its presence in the Asia-Pacific offshore wind market. In line with this, NIRAS appointed its first company member in Japan, Seiko Toki, who took over the role of senior consultant to further expand the services. Toki will spearhe
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
Origin Energy saw lower quarterly revenue from the Australia Pacific LNG project hindered by lower realized oil prices.
Offshore drilling contractor Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge.
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
Forum Energy Technologies’ board of directors has approved a 1-for-20 reverse stock split of the company’s issued and outstanding shares of common stock, par value $0.01 per share. This accompanies a corresponding decrease in the Forum’s authorized shares of common stock, such that, following the co
