Thailand’s energy regulator has approved another liquefied natural gas import licence as the country is stepping up efforts in liberalising its gas and LNG markets. The Energy Regulatory Commission said in a statement it granted an LNG import licence on Wednesday to a subsidiary of B.Grimm Power. Th
Subsea technology and engineering firm Viper Innovations has appointed Edward Davies as its new managing director. Effective 1 June 2020, the appointment marks the beginning of a new chapter for the Portishead and Aberdeen based company. It will see Davies lead the delivery of Viper’s plans to incre
Oilfield services provider Petrofac has secured a further six-month contract extension with the Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP).
Siem Offshore has found a way to improve its cash flow and liquidity to be able to operate in a challenging offshore market.
Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, slipped into the red in the first quarter.
ConocoPhillips has completed the sale of its subsidiaries that hold its northern Australia and Timor-Leste assets and operations to Santos.
RWE Renewables Japan G.K. and Kyuden Mirai Energy have signed a Joint Bidding Agreement to enter into a full-scale feasibility study for the offshore wind project planned off the coast of Yurihonjo City, Akita Prefecture in Japan. E.ON, whose renewables business RWE acquired last year, and Japan’s K
Houston-based oil and gas company Apache Corporation has chosen to list its common stock solely on the Nasdaq Stock Market beginning 9 June 2020.
Norway-based Hoegh LNG recorded a net loss in the first quarter saying it had a limited impact on its operations from the Covid-19 coronavirus pandemic. Höegh LNG posted a net loss of $1 million for the first quarter this year, compared to a profit of 4.5 million in the same quarter a year ago and [
Despite the challenges of COVID-19 and weaker commodity prices, Neptune had a strong first quarter but still decided to push back several project start dates to smoothen investments through 2020-2022.
Ocean bottom node seismic player Axxis Geo Solutions has returned to profit as revenues hiked close to 83 per cent. AGR recorded Q1 2020 profit of $7 million, bouncing back from loss of some $4 million same time last year. The Oslo-listed firm generated quarterly revenue of $45 million, versus appro
Subsea services specialist Acteon said that Dr Carl Trowell will become Group’s new chief executive officer, succeeding Richard Higham. Trowell will join Acteon from offshore drilling company Valaris (Ensco). He was Ensco’s chief executive and subsequently became executive chairman in 2019 following
Maersk Drilling believes that continued rig scrapping is needed to obtain a healthier balance between rig demand and supply.
Navantia and Harland and Wolff (Belfast) Limited are in advanced teaming agreement discussions for cooperation in the offshore wind sector. The partnership will focus on fixed and floating foundations for the offshore wind sector in the UK. The teaming agreements are in relation to a series of speci
