The Japanese MODEC, Toyo Construction and Furukawa Electric have partnered up to develop a next-generation floating wind platform and mooring system. Japan’s New Energy and Industrial Technology Development Organization (NEDO) selected the parties to develop the project as part of the public offerin
Hyundai Heavy Industries, part of the Korea Shipbuilding & Offshore Engineering, has secured an order for two LNG carriers on Monday.
UAE-based offshore oil rig builder Lamprell has been awarded a medium-sized contract by International Maritime Industries (IMI) for engineering design services.
BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche field in the Dussafu license off Gabon, using a converted jack-up rig.
Pacific Drilling has filed for Chapter 11 bankruptcy to eliminate $1.1 billion of bond debt amid significant disruption in the offshore drilling market.
Oil major BP has started drilling the Ironbark-1 well located offshore Western Australia.
Subsea services group Acteon has appointed Chris Johnston as group managing director of its global moorings and anchors business – InterMoor. Based i Houston, Johnston brings more than 35 years of industry experience from every major oil and gas basin. He recently served as a vice president at Valar
Oceaneering has reported a net loss of $79.4 million on revenue of $440 million for the third quarter 2020. Adjusted net loss was $17.6 million, reflecting the impact of $68.7 million of pre-tax adjustments ($40 million impairment) and $6.3 million of discrete tax adjustments. Compared to a year-ago
French liquefied natural gas containment system specialist, GTT, reported a 53.1 per cent jump in its nine-month revenue.
Thermoplastic composite pipe (TCP) specialist Strohm has received approximately €25 million convertible loan from its shareholders as it strengthens its position for low carbon energy transition activities and renewables. The investment should support the firm’s strategic objective of tripling its 2
U.S. oil major ExxonMobil could cut its global workforce by about 15 per cent, as the Covid-19 pandemic batters energy demand and prices.
Italian infrastructure operator Snam has signed MoUs with Israeli companies for collaboration in small-scale LNG and hydrogen.
Japanese supplier and operator of offshore floating platforms MODEC has commissioned MAN Energy Solutions to supply a total of five radial compressor and two screw compressor trains for the first Brazilian offshore gas extraction project of the end customer Equinor.
U.S. oil major ConocoPhillips recorded a loss in the third quarter of 2020 compared to a profit in the same period last year.
