Mermaid Maritime’s wholly-owned subsidiary Mermaid Subsea Services Thailand (MSST) has signed a Letter of Intent (LoI) with Swiber Holdings for the purchase of the pipelay vessel.
Shell has posted lower than anticipated earnings, which reflect the adverse impact of Hurricane Ida, while its cash flow from operations hit a record of $17.5 billion.
ExxonMobil has reported earnings of $6.8 billion in the third quarter of 2021 due to improved demand and strong operations.
ONE-Dyas has filed its decommissioning programme for three platforms, located in the Sean field of the UK North Sea, and handed them to the UK authorities.
Petrofac has decided to raise $275 million through new equity to create a long-term, sustainable capital structure and pay off existing debts as part of its refinancing plan.
Equinor recorded a profit of $1.41 billion in the third quarter of 2021 due to higher prices and solid operating performance.
Eidesvik has revealed its current president and CEO will be retiring from the position, while the company’s current CCO was chosen as his replacement, effective from 1 January 2022.
Eidesvik Offshore has won a contract extension with Wintershall Dea for the platform supply vessel (PSV) Viking Princess.
Daphne Technology, a Swiss climate tech startup addressing the greenhouse gas (GHG) challenge, has attracted investments from industry majors in the second investment round.
Lundin has entered into an agreement with OMV to pay $320 million for the acquisition of its entire 25 per cent working interest in the Wisting development.
Aker BP has found a minor oil discovery on its Mugnetind exploration well, however, the findings are below pre-drill expectations.
Longboat Energy has announced ‘a material light oil’ discovery at the Egyptian Vulture exploration well, offshore Norway.
Serica Energy has confirmed the start-up of production at its Columbus field located in the Central North Sea will be delayed
Dana Petroleum has signed a contract with Island Drilling Company to drill one well on the UK Continental Shelf (UKCS).
