Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining…
In the latest consolidation in the offshore sector, Nordic American Offshore (NAO) and Canada based Horizon Maritime Services signed a memorandum of understanding (MoU) to form a fleet of 17 ships capable of operating in offshore environments…
Subsea engineering analysis consultancy AgileTek has underlined growth plans in South Korea through the formation of a collaborative agreement with Blue Wind Engineering.The Memorandum of Understanding (MOU) will allow for future cooperation…
Aberdeen-headquartered well management and performance improvement specialist EXCEED Energy has underlined its continued global expansion with a number of significant contract wins, prompting a key appointment and a move into new premises.Recent…
Equinor will open a new office in Tokyo later this week and its first office in India by early next year, said Tor Martin Anfinnsen, senior vice president for trading and marketing for Equinor.'It's our ambition to grow in Asia both in terms of volumes and geography…
ESVAGT UK has appointed Ian Taylor as iUK Regional Director.Taylor brings many years of shipping experience and a considerable amount of ESVAGT knowledge to ESVAGT’s UK office at Dock Gate House in the heart of Aberdeen’s harbor area. As a Chartered Shipbroker…
A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world…
Dan-Bunkering said it has hired three new Bunker Traders in its Dubai office.Benedek Nagy was born and raised in Hungary, however, at the age of 18 he moved to Denmark to study International Shipping and Trade as well as gain experience within the shipping industry…
UTEC, a global survey company in subsea services group Acteon, has appointed Nadir Rahmatullah as the commercial and strategy director of its Middle East and Caspian operations.Rahmatullah was most recently managing director of UTEC StarNet…
In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets…
The UK Hydrographic Office (UKHO) has announced the appointment of Cathrine Armour as the new Director of its Customer Division.Armour brings experience in leading data, science and technology-centric organizations, and will be instrumental…
Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector.The acquisition signals new optimism for offshore drillers…
A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.Maersk, which cut its full-year profit outlook this month…
Italian oil services company Saipem was in talks with rival Subsea 7 several years ago over a possible tie up but negotiations fell through, the group's CEO said on Wednesday.'Some 3-4 years ago, before I became CEO there were contacts and talks that did not work out…
Africa's richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told Reuters.Dangote, who built his fortune in cement, is building…
