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Valaris DS-12 drillship; Source: Valaris
Business & Finance

Valaris wraps up rig sale and gets more work for its fleet as offshore drilling market tightens

A deep dive into Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.

12 minutes read
Deepwater Titan drillship; Source: Transocean (video)
Business & Finance

Transocean sees recent rig deals as proof of ‘sustained upcycle’ in offshore drilling market

With “an outstanding quarter” now behind it, Transocean is looking forward to further growth in the offshore drilling market.

about 3 years ago
Statfjord B platform; Credit: Harald Pettersen/Equinor
Business & Finance

Probe into incident on North Sea platform underway after worker suffers ‘facial injuries’

Norwegian regulator has launched an investigation into an incident, which led to an injury, on an Equinor-operated platform in the North Sea.

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

UK politicians see collaboration with oil & gas sector as key to reaching net-zero

OEUK’s survey shows that the majority of MPs believe the UK can achieve its net-zero goals by collaborating with the oil and gas industry.

about 3 years ago
Rovco launches new business line
Business & Finance

Rovco launches new business line

Rovco has launched a new dedicated marine site characterization business line in order to, as the UK company states, help address an industry shortfall of companies with the all-round skills and expertise to carry out site consenting surveys before the construction of new offshore installations. The

about 3 years ago
Left to Right of Picture-Andy Cuniah, new EIC chairman, Hugh Saville, outgoing chairman, Stuart Broadley, EIC CEO; Source: Energy Industries Council (EIC)
Business & Finance

Energy Industries Council gets new chairman

As the current chairman is leaving the Energy Industries Council (EIC), a new one has been appointed to take his place.

about 3 years ago
Robust backlog drives Fugro's revenue increase
Business & Finance

Robust backlog drives Fugro’s revenue increase

Fugro has reported a revenue of €465.8 million for the first quarter of 2023, representing an increase of 27.5 per cent, said to be especially related to offshore wind site characterization solutions, with all regions reporting double-digit growth. Overall, revenue in marine was €335.1 million, up b

about 3 years ago
Illustration; Source: GlobalData
Business & Finance

Energy transition and geopolitics to ‘weigh heavily’ on oil & gas industry in 2023

GlobalData has revealed that geopolitics and energy transition are the most pressing themes for the oil and gas industry in 2023.

about 3 years ago
Independence Hub; Source: Intermoor
Business & Finance

New job for Subsea 7 on deepwater oil project in Gulf of Mexico

Subsea 7 has secured work on a deepwater project in the U.S. Gulf of Mexico with LLOG Exploration Offshore (LLOG).

about 3 years ago
Safe Concordia; Source: Prosafe
Business & Finance

Prosafe on the lookout for new CEO as current one steps down

Prosafe has embarked on a quest to find a new CEO, as its current one decided to resign after more than six years in the role.

about 3 years ago
Cote d’Ivoire next on the list for Shearwater GeoServices
Business & Finance

Cote d’Ivoire next on the list for Shearwater GeoServices

Norway-headquartered Shearwater GeoServices has secured a contract to deliver a 4D geophysical monitor survey in Cote d’Ivoire. The project will be conducted by the 113-meter-long seismic acquisition vessel SW Empress over a period of approximately two months beginning this May. According to Shearwa

about 3 years ago
Wartsila to design and equip PSA Marine's LNG-fueled tug
Business & Finance

PSA Marine acquires 45 pct stake in Meyer’s Tugs

PSA Marine, through its wholly-owned subsidiary PSA Marine Americas, completed the acquisition of 45% stake in Meyer’s Tugs S.A. from Inversiones Maritimas CPT S.A., a wholly-owned subsidiary of CPT Empresas Maritimas S.A. “CPT and PSA Marine share a passionate belief of growing the towage service o

about 3 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Business & Finance

SBM Offshore inks new deal with ExxonMobil for Guyana FPSO fleet

SBM Offshore has signed a long-term operation and maintenance enabling agreement for its Guyana FPSO fleet with ExxonMobil.

about 3 years ago
Browse to North West Shelf Project development concept; Source: Woodside
Business & Finance

Shell exiting Australia’s ‘largest untapped conventional gas resource’ project as BP boosts its stake

BP is in the process of enlarging its interest in a natural gas project offshore Australia while Shell is heading for the exit.

about 3 years ago
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