U.S. offshore vessel provider Seacor Marine will buy the remaining 50% stake in Seacosco from China's Cosco.Seacor will pay $28.15 million in installments, and the transaction is expected to close in June 2020.With the acquisition, Seacor will…
Norwegian offshore support vessel operator Eidesvik Offshore has secured contracts for two of its offshore vessels with the Norwegian oil firm Aker BP.Aker BP has awarded Eidesvik's LNG-powered platform supply vessel Viking Lady a four-month contract extension…
Italian oil major Eni said on Thursday it was creating a division to focus on renewable energy, as part of a corporate reorganization.The overhaul, which Reuters reported on Wednesday, follows industry-wide upheaval as the coronavirus pandemic…
Norwegian oil firm Aker Energy, which operates the Pecan offshore oil field development offshore Ghana, is not giving up on the project, despite having recently delayed a Final Investment Decision 'indefinitely' due to the plunge in oil prices…
Hokchi Energy, a subsidiary of Argentina's Pan American Energy, has terminated the charter of Grupo R's jack-up rig Cantarell III earlier than originally planned.Having arrived from Singapore earlier this year, the newbuild offshore drilling…
Royal Dutch Shell Plc and Murphy Oil Corp began evacuating non-essential workers from the U.S. Gulf of Mexico on Thursday because of the threat from Tropical Storm Cristobal.Shell said its production and drilling operations in the U.S.-regulated northern Gulf were unaffected despite the evacuations…
Premier Oil will issue discounted shares to activist hedge fund ARCM representing 8.91% of the company to pay for North Sea assets from BP, which agreed to reduce the price, Premier said on Friday.ARCM, which owns around 15% of Premier's debt and has a large short position in its shares…
Offshore installation contractor Subsea 7 has confirmed the award of 'a substantial' contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project in the Dutch North Sea.The two companies had in April signed a conditional…
Offshore wind developer Vattenfall has given the green light for the 1,500 MW offshore wind farm in the Dutch North Sea.The offshore wind farm, named, the Hollandse Kust Zuid 1-4, will be the largest of its kind worldwide, when fully operational in 2023…
Brazilian federal court has ordered state-run oil company Petrobras SA to rename one of its biggest offshore oil fields currently named 'Lula', the special secretary of privatization at the Economy Ministry, Salim Mattar, said late on Wednesday…
Norwegian shipbuilding and technology group Havyard will appoint Erik Høyvik as CFO in Havyard Group from August 1, 2020.Havyard, which designs and builds various types of vessels, including those used in the offshore energy industry, said its current CFO Pål Aurvåg…
Danish wind farm developer Ørsted and Belgium installation contractor DEME Offshore have completed the installation of the 94 foundations at the Borssele 1&2 offshore wind farm location in the Dutch North Sea.The foundations were installed by DEME’s installation vessel ‘Innovation’…
The British government has turned down an application by Vattenfall to build an extension to its Thanet offshore wind farm, citing potential navigational risks.Vattenfall applied to build an offshore wind power station of up to 340 megawatts…
Singapore’s first LNG bunkering vessel has hit the water in Keppel Nantong Shipyard in China. The vessel was moved from land to water on May 28, 2020.The news was shared earlier this week by the vessel-owner FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum…
Malaysia's Petronas has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said on Thursday, marking a new consumer for the super-chilled fuel.The state-owned company's subsidiary Petronas LNG delivered two LNG cargoes to Yangon…