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India’s Aban closes sale of jack-up rig to ADES
Business & Finance

India’s Aban closes sale of jack-up rig to ADES

India’s offshore drilling contractor Aban Offshore has completed the sale of a jack-up drilling rig to the UAE-based ADES International.

about 4 years ago
To wean off Russian fossil fuels with green hydrogen, Europe needs to ramp up renewables
Business & Finance

To wean off Russian fossil fuels with green hydrogen, Europe needs to ramp up renewables

To phase out Russian fossil fuels and speed up its energy transition, using green hydrogen, Europe will need to step up renewable deployment.

about 4 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Aker BP taps Optime Subsea for remotely operated controls systems

Norwegian oil and gas company Aker BP has placed an order with Optime Subsea for two new, second-generation remotely operated controls systems (ROCS). The second-generation system will come with a new stand-alone communication system for greater rig flexibility and efficient operations, and both sys

about 4 years ago
New CEO at the Petrobras helm to run operations for one year
Business & Finance

New CEO at the Petrobras helm to run business until April next year

Brazil’s state-owned giant Petrobras has appointed a new director, who will also take over the CEO role at the company.

about 4 years ago
Norwegian seismic majors reveal plan to combine in $237 million deal
Business & Finance

Norwegian seismic majors reveal plan to combine in $237 million deal

Norwegian seismic data company TGS has made an offer to buy compatriot Magseis Fairfield in a deal that values the seismic player at NOK 2.33 billion (approximately $237 million). The two companies entered into a transaction agreement whereby TGS, on and subject to certain terms and conditions, will

about 4 years ago
Norsk Solar CFO to take over the same role at Eidesvik
Business & Finance

Norsk Solar CFO to start work in same role at Eidesvik

Eidesvik Offshore has appointed a new Chief Financial Officer (CFO), who is expected to join the company within the next few months.

about 4 years ago
U.S. operator flows first oil from deepwater project in Gulf of Mexico
Business & Finance

U.S. operator flows first oil from deepwater development in Gulf of Mexico

LLOG Exploration has kicked off the first production from a deepwater two-well subsea development, located in the U.S. Gulf of Mexico.

about 4 years ago
JV partners putting the wheels into motion for FPSO replacement off Nigeria
Business & Finance

JV partners putting the wheels into motion for FPSO replacement off Nigeria

To increase production capacity, JV partners off Nigeria have decided to replace the field’s current FPSO in line with redevelopment plans.

about 4 years ago
Dutch regulator: Shell and TotalEnergies can collaborate on CO2 storage
Business & Finance

Dutch regulator: Shell and TotalEnergies can collaborate on CO2 storage

The Netherlands Authority for Consumers and Markets (ACM) has given approval to competitors Shell and TotalEnergies to collaborate on CO2 storage in empty natural-gas fields in the North Sea. Shell and TotalEnergies plan to store CO2 on a large scale as part of the Aramis project, collaborating with

about 4 years ago
Eco seals deal to increase stake in block off South Africa
Business & Finance

Eco seals deal to increase stake in block off South Africa

Eco (Atlantic) Oil & Gas has inked a deal to acquire additional interest in a block located offshore South Africa.

about 4 years ago
UN coordinator urges public help with funding to stave off ‘5th largest oil spill from a tanker in history’
Business & Finance

UN coordinator urges public to help stave off ‘5th largest oil spill from a tanker in history’

UN Coordinator has urged the public to help with funding to head off a decaying oil tanker threat and prevent an oil spill in the Red Sea.

about 4 years ago
Scana subsidiary scores frame agreement extension with Odfjell
Business & Finance

Scana subsidiary scores frame agreement extension with Odfjell

Scana-owned PSW Technology has signed a one-year extension of the frame agreement with Odfjell Drilling for the provision of maintenance and recertification of marine riser and subsea equipment for all of Odfjell’s drilling units. The agreement includes inspection, maintenance, and repair (IMR) of m

about 4 years ago
MHI invests in EH2 startup for clean hydrogen production
Business & Finance

MHI invests in EH2 startup for clean hydrogen production

Japanese company Mitsubishi Heavy Industries (MHI) has invested in Electric Hydrogen (EH2), a clean hydrogen startup from the U.S, to support its efforts in developing clean hydrogen.

about 4 years ago
QatarEnergy signs up for initiative to remove methane footprint from oil & gas industry
Business & Finance

QatarEnergy signs up for initiative to remove methane footprint from oil & gas industry

QatarEnergy has joined an industry initiative, which aims to eliminate methane emissions from the oil and gas industry by 2030.

about 4 years ago
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