Offshore drilling firm Vantage Drilling has agreed to sell its subsidiary Emerald Driller Company (“EDC”) to ADES for $170,000,000 in cash subject to certain adjustments. EDC is the owner of the Emerald Driller jackup rig, which is operating in Qatar…
Russia's largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net-zero emissions by 2050, earlier than President Vladimir Putin's deadline.Climate scientists have said…
Oil prices rebounded on Tuesday after a sharp fall in the previous session as investors' appetite for risk improved, although they remained cautious amid the rapid spread of the Omicron coronavirus variant across the globe.Brent crude was up 84 cents…
Norwegian offshore vessel operator Siem Offshore said Tuesday it had entered into a contract with an undisclosed 'long-term client' in Australia for two platform supply vessels.The contract is for the PSV's “Siem Pilot” and “Siem Thiima”. The…
GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…
While much of the maritime world's tech chatter focuses on emissions and fuel choice, Dutch water company Hatenboer-Water developed the Plastic Free @Sea concept as a smart solution to reduce plastic waste on board ships at sea.Reducing plastic waste has become key in environmental protection…
Oslo-listed GC Rieber Shipping has agreed to sell its SURF / Construction Vessel Polar Onyx to Taiwan-based offshore wind service conglomerate Dong Fang Offshore and Hung Hua Construction.The delivery of the vessel, built at Ulstein Verft in 2014…
Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil.Enauta has been…
InterMoor, Acteon’s moorings and anchors subsidiary, has been awarded a contract with Chevron in Thailand for the disconnection and removal of Single Point Mooring (SPM) Buoy 1 and 2 in the Gulf of Thailand.InterMoor will provide project management…
Norwegian offshore vessel operator Solstad Offshore has won a contract with Woodside in Australia for the platform supply vessel Normand Tortuga.The vessel will support the activities of the DPS-1 semisubmersible drilling rig on the Enfield P&A and Scarborough projects…
Jack-up drilling rig contractor Borr Drilling has won a contract with BW Energy for its jack-up drilling rig Norve for work in Gabon. The contract is scheduled to start in the second half of 2022 after the completion of the rig's current contract…
Offshore vessel owner DOF Subsea Australia has secured a contract with oil and gas company Beach Energy for the Otway Offshore Phase 5 - transport and installation project in Australia.'After collecting all permanent equipment from vendors and transportation to the offshore site…
Subsea Integration Alliance, a partnership between Schlumberger and Subsea 7, has secured a contract with Australia's Woodside for the delivery of subsea pipelines and production systems for the Scarborough gas project offshore Australia.The multi-billion-dollar Scarborough gas field development…
Israel's Environmental Protection Ministry said on Thursday that it would not allow oil tankers to enter its Red Sea resort of Eilat as planned under a deal with partners from the United Arab Emirates to transport crude from the Gulf to Europe via Israel…
BP and Maersk Tankers successfully completed trials using marine fuel blended with biofuel on tankers as efforts grow to tackle the shipping sector's greenhouse gas emissions.Global shipping accounts for around 3% of global carbon emissions…
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