DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure.The new Singapore hub is called Digital Consulting and Smart Cities…
Offshore solutions provider Unique Group said it has completed the acquisition of the Aberdeen-headquartered, load-testing equipment provider Water Weights. The newly acquired specialist will be an addition to Unique Group’s Buoyancy & Ballast division…
Oil and gas producer Southwestern Energy Co said on Tuesday it would sell its Fayetteville shale business to privately owned Flywheel Energy LLC in an all-cash deal for about $1.87 billion.As part of the deal, Flywheel will assume $438 million of future contractual liabilities…
Russian oil pipeline monopoly Transneft's first-half net profit fell 19.2 percent year on year to 92.1 billion roubles ($1.38 billion), the company said on Tuesday.Transneft's first-half earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 208…
Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea…
Japan’s Mitsubishi Corp has agreed to take a 25% interest in Summit's Bangladesh LNG import terminal project - which will be the country's second such terminal.The other 75% of the Summit LNG terminal will remain with Summit Corp.Mitsubishi…
Russia's Rosneft more than triples Q2 net profit, shares hit recordRussia's largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 billion roubles ($3.6 billion) on higher production and prices, pushing its shares to an all-time peak…
Malaysia has appointed Ahmad Nizam Salleh as the new chairman of state-owned oil company Petroliam Nasional Bhd effective immediately, according to a statement from the prime minister's office on Wednesday.Ahmad Nizam has worked in the oil and…
Offshore driller COSL Drilling Europe as entered into an agreement with Tamarind Resources for drilling operations with Hai Yang Shi You 982 (HYSY 982) in New Zealand.Tamarind Resources owner of the Tui Field (PMP 38158) announced that it has…
Dräger Safety UK has appointed Kelly Murray as general manager of its North Sea operations base in Aberdeen. Murray, who has more than 20 years’ experience in operations, engineering and project management in oil and gas, believes Dräger’s…
Global Maritime appointed Eric Frank to oversee its’ United States operations based out of Houston. Frank, who will also be responsible for Global Maritime’s Dynamic Positioning (DP) services throughout the US, brings 27 years’ offshore and…
Siemens AG is considering strategic options including a potential sale of its struggling business that makes large gas turbines for power plants, Bloomberg https://bloom.bg/2LOJJuf reported on Wednesday citing people familiar with the matter…
Tullow Oil is interested in new oil blocks off Ghana's coast as part of the British explorer's plans to consolidate its operations in the West African nation, Chief Executive Paul McDade said. Tullow is leading two operations offshore Ghana…
Rosneft, Russia's top oil producer and one of the biggest globally, plans to reveal share buyback details in June, CFO Pavel Fyodorov said in a conference call on Monday.The company had announced a series of measures on May 1 to improve shareholder returns…
Lloyd’s Register (LR) said it signed a contract to class the first ever floating storage regasification unit (FSRU) to be ordered for Indian waters.Due for delivery in December 2019, the new 180,000m³ FSRU will be built to LR’s Rules for the…
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