Bermuda-based LNG shipper Golar says its newly-formed company CoolCo, which will acquire its eight LNG carriers, has successfully closed an upsized private placement of $275 million in new shares.
Norway-based Petroleum Geo-Services (PGS) has reported an almost $6 million decrease in segment revenues in 2021 compared to 2020 due to, as the company says, the overall seismic market being “weaker”. Segment revenues and other income reached $590 million in 2021, compared to $595.9 million in 2020
L&T Hydrocarbon Engineering (LTHE) has secured a contract from Oil & Natural Gas Corporation (ONGC) for operations on India’s west coast.
Ashtead Technology, a subsea technology specialist, has signed a multi-year reseller agreement with Norbit Subsea, a provider of technology solutions to the global maritime sector.
Wood has secured nearly $3 million in funding for an oil and gas robotics project, which is expected to create new job opportunities.
Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) has agreed to acquire a 10% stake in Uyeno Transtech, a domestic tanker operating company that is part of the Uyeno Group.
Equinor has selected two engineering players to carry out conceptual studies for an FPSO vessel while the review of the project’s EIS deemed it an unreliable source of information for decision-making processes.
Following an exit by TotalEnergies and Chevron, Woodside has also decided to follow suit and abandon Myanmar operations.
Pipeshield International, a Tekmar Group company, has been granted a patent for its SUPER-MAT high payload multi-lift concrete mattresses solution. Designed as a lifting device when used with Pipeshield’s heavy-duty quick-release frames, the SUPER-MAT enables the handling of mattresses in stacks, pr
Panoro Energy has received approvals from the Nigerian government for the sale of all its interest in in OML 113 off Nigeria to PetroNor.
CRP Subsea has delivered more than 500 innovative buckle mitigation rotating buoyancy modules (RBMs) to protect Gulf of Mexico flowlines. The RBMs, produced at CRP Subsea’s manufacturing facility in Skelmersdale, England, will protect the pipeline by allowing it to roll on the seabed reducing latera
The Denmark-headquartered engineering company COWI will turn down all fossil fuel projects from now on as it aims to transform its business and reach 100 per cent revenue within sustainability-related projects in three to five years’ time. In a press release issued on 25 January, the CEO of COWI Gro
Equinor is now officially opening its operated Martin Linge field, located in the North Sea, following the production start-up last year.
Sustainable infrastructure investor Greenbacker Capital has made an equity investment in California-based solar developer Noria Energy, marking its entry into floating solar market.
