Norwegian vessel owner and services provider Solstad Maritime Holding has outlined plans to apply for a listing of its shares on Euronext Oslo Børs during the second quarter of 2025.The listing is in line with the company’s previously expressed…
QatarEnergy has entered into an agreement with TotalEnergies to acquire additional offshore exploration interests in the Orange Basin off the coast of Namibia, it said on Sunday.The deal includes a 5.25% increase in QatarEnergy's stake in block 2913B and a 4…
Viridien and its partners TGS and Aquila Holdings, under its subsidiary Axxis Multi Client, have completed the reprocessing of the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea.Utsira is the largest OBN survey conducted…
Denmark-based A.P. Moller - Maersk has launched a dedicated division to provide installation services to the growing offshore wind industry.Maersk Offshore Wind has been formed as a spin off from Maersk Supply Service (MSS), which was acquired…
Brazilian deepwater drilling firm Ventura Offshore Holding has been listed for public trading at Euronext Growth in Oslo, Norway.On March 8, 2024, Ventura Offshore Holding entered into a share purchase agreement (SPA) with Petroserv Marine regarding…
Saudi oil and gas drilling contractor ADES Holding has signed a contract with Thai national oil and gas company PTTEP for one of its modern jack-up drilling rigs, worth $94 million.The contract, signed on May 14, 2024, is for an 18-month firm term plus a nine-month optional extension…
Saudi oil and gas drilling contractor ADES Holding has secured a contract from Suez Oil Company (SUCO) for a 21-month jack-up drilling work in the Gulf of Suez, offshore Egypt.The contract, whose firm term is valued at $42.9 million (SAR 161 million)…
Saudi oil and gas driller ADES Holding has secured a contract from major international oil company for one its jack-up drilling rigs, valued $93.3 million.ADES Holding received the letter of award for a one-year firm jack-up drilling contract in Qatar with three optional six-month extensions…
Six offshore drilling companies – Valaris, Borr Drilling, Shelf Drilling, ADES Holding, COSL, and Arabian Drilling – have received notices of suspension for the shared total of 18 drilling rigs, all believed to have come from Saudi state-owned oil giant Aramco…
Italian energy giant Eni has made a significant oil and gas discovery in block CI-205, offshore Côte d'Ivoire, in West Africa.The discovery, named Calao, stands as the second largest in the country, following the Baleine field discovered by Eni in September 2021…
Akkrake Petroleum, a fully-owned subsidiary of Rex International-Monarch Marine Holding joint venture Porto Novo Resources, has signed a production sharing contract for operatorship and working interest in an oil field offshore Benin, West Africa…
Japanese companies have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy firm Petronas, which should start holding its first carbon dioxide (CO2) emissions from the end of 2028, Japan Petroleum Exploration Co said on Monday…
Oil and gas driller ADES Holding is expected to price its initial public offering (IPO) at the top of a range announced this week, one of the banks on the deal said on Thursday.The company backed by Saudi Arabia's PIF sovereign wealth fund is expected to price its shares at 13…
Oil and gas driller ADES Holding, backed by Saudi Arabia's sovereign wealth fund, began marketing its initial public offering on Sunday, seeking 12.50 riyals to 13.50 riyals a share.ADES plans to raise as much as 4.57 billion riyals ($1.22 billion)…
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