South Korean shipping company HMM has unveiled its future growth strategy involving a KRW 15 trillion (about $11.3 billion) investment plan.
Rig activity in Asia Pacific has been stepped up this year, but most stacked jack-ups are being reactivated for gigs in the Middle East.
EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.
Norwegian seismic company PGS and Australia’s deepC Store Limited (DCS) have entered into a subscription agreement under which dCS will issue shares to PGS in exchange for geological and geophysical advisory services. As a result of the agreement, PGS will become a major shareholder in dCS. The two
On 14 July 2022, the Sustainable Shipping Initiative (SSI) and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) formalized their collaboration by signing a knowledge partnership agreement, committing to a long-term strategic partnership to accelerate the maritime industry’s decarb
Aberdeen-based safety equipment manufacturer Dräger Marine & Offshore has revealed a multi-million-pound investment in a new facility.
Worley, Mitsubishi Heavy Industries Group and Tecnicas Reunidas will be pooling resources for SSE Thermal and Equinor’s project in Peterhead.
Reach Subsea has entered into an agreement with Volstad Maritime for the use of the subsea vessel Deep Cygnus as an ‘important step in the long-term fleet planning strategy’. The agreement was signed for a period of four years, with an option to extend for one year. According to Reach Subsea’s CEO J
Vaalco and TransGlobe have revealed a deal to combine their businesses into a single company to create a full-cycle asset base.
Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.
Hydrogen sensing solutions company for energy markets H2scan has named its current chief operating officer (COO) the company’s president and chief executive officer (CEO).
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has signed a memorandum of understanding (MOU) with the UAE-based aluminium producer Emirates Global Aluminium (EGA) to cooperate on research and pilot projects to decarbonise bulk cargo shipping.
Due to the current energy security concerns, TAQA has decided to keep its entire oil & gas portfolio, except for its Dutch upstream assets.
Norwegian seismic player TGS has made its first renewable energy venture investment with the acquisition of an equity stake in NASH Renewables, a start-up developing Software-as-a-Service (SaaS) solutions for the prospecting, construction and operations of wind energy projects. Led by former Siemens
