Hong Kong-based dry bulk shipping company Pacific Basin revealed a one-off non-cash impairment charge of $198 million on the group’s Handysize core fleet. The impairment charge relates to primarily its smaller and older Handysize vessels and will be reflected in its unaudited consolidated results fo
Dutch offshore services provider OOS International has expanded its portfolio with the acquisition of Leenaars Marine & Offshore Design (LMO).
The European Sea Ports Organisation (ESPO) said it supports the initial aim of the EU taxonomy framework to encourage private investors to prioritise green and sustainable investments by providing them a clear manual with common definitions.
COSL Drilling Europe has signed a letter of intent for the use of COSLInnovator rig on the Norwegian Continental Shelf starting early next year.
Transocean and Italian oil company Eni have reached an agreement in a dispute related to a contract for the Deepwater Pathfinder drillship.
President and chief executive officer of offshore drilling contractor China Oilfield Services Limited (COSL) has submitted his resignation to the company’s board of directors.
Jadestone Energy has started arbitration proceedings against Teikoku, a subsidiary of Inpex, related to Jadestone’s acquisition of an interest in Block 05-1 PSC, offshore Vietnam.
Malaysian FPSO provider Yinson has executed a final settlement with PetroVietnam regarding last year’s termination of the $1 billion FPSO charter contract.
Offshore drilling contractor Borr Drilling has regained compliance with the New York Stock Exchange (NYSE) continued listing standard.
South Korean Hyundai Glovis has signed a five-year contract with Europe’s largest automaker Volkswagen Group for the sea transport of the entire volume of finished cars exported from Europe to China. The deal was signed with Volkswagen Konzernlogistik, a logistics subsidiary of Volkswagen Group, and
Subsea market intelligence and consultancy specialist Archer Knight has made a series of key appointments. The company has promoted four members of its team as it prepares for a period of UK and international expansion. On the consultancy side of the business, Derek Beddows will become director of d
Transocean has been awarded a contract for drilling and completion services on the LLOG-operated Shenandoah project in deepwater of the Gulf of Mexico. LLOG operates the Shenandoah discovery since April 2018. The project is located in the unit comprised of Walker Ridge blocks 51, 52, and 53 in the d
Golar Power has teamed up with Argentina’s Galileo Technologies to expand its LNG footprint in Brazil. Under the deal, Galileo will provide gas conditioning, distributed LNG production, LNG filling stations and regasification plants. Golar Power, a joint venture of Golar LNG and Stonepeak Infrastruc
French containment specialist GTT said Thursday it signed a deal with Russia’s Zvezda shipyard to partner up on the construction of LNG carriers. The technical assistance and license deal will allow Zvezda to build ARC7 ice-breaking LNG carriers fitted with GTT’s containment system. According to the
