FPSO operator BW Offshore has signed another agreement with Petrobras for an extension of the lease and operation of BW Cidade de São Vicente in Brazil.
Energean has informed that work restarted on the Energean Power FPSO in the Admiralty Yard, Singapore, on 2 June 2020 and the subsea installation campaign offshore Israel is progressing as planned.
PGS said it will implement further cost reductions as seismic industry takes major hit on Covid-19 and oil market disruption. Specifically, this includes staff reductions, re-organization, consolidation of offices, re-negotiation of service agreements and other cost measures. This should also bring
Oil and gas company Aker Energy is looking to revive its Pecan field development offshore Ghana, after terminating its agreement with Yinson for the provision of an FPSO for the project.
Mexico’s Grupo R has received an early termination of a drilling contract with Hokchi Energy due to the current market situation.
Oil and gas company Premier Oil has agreed revised terms for the acquisitions of the Andrew Area and Shearwater assets from British oil major BP.
A wholly-owned subsidiary of Singapore’s offshore rig builder Sembcorp Marine has entered into a revolving facility agreement for up to $500 million with Standard Chartered Bank.
DNV GL has signed a contract with Sing Da Marine Structure (SDMS), a wholly-owned subsidiary of China Steel Corporation (CSC), to provide support for jacket foundation manufacturing for offshore wind projects in Taiwan. DNV GL will provide SDMS with risk mitigation advice around technical, logistica
Borr Drilling has postponed deliveries of five jack-up rigs until mid-2022.
U.S. offshore support vessel provider Seacor Marine has, through a wholly-owned subsidiary, entered into a definitive sale and purchase agreement to acquire the remaining 50 per cent of the equity interests in SEACOSCO Offshore, that it did not already own from COSCO Shipping.
Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts toward energy transition. The company will create two business units with one focused on oil and gas called “Natural Resources” and the second new unit which will focus mainly on renewable energy named “En
Greece-based Dynagas LNG Partners, a partnership formed by shipowner Dynagas, reported a rise in its first-quarter profit boosted by higher voyage revenues. Net income for the three months ended March 31 increased to $7 million as compared to $1.9 million in the same period in 2019. Dynagas LNG attr
The United States exported less liquefied natural gas cargoes in the week ending June 3 when compared to the week before, according to the Energy Information Administration. The agency said in its weekly gas natural gas report that five US terminals dispatched ten LNG cargoes between May 28 and June
Eidesvik Offshore has been awarded a four-month extension to the current time charter party for the platform supply vessel MV Viking Lady with Aker BP.
