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Valaris’ 2001-built rig wraps up its gig with BP ahead of schedule

Bermuda-incorporated offshore drilling contractor Valaris has confirmed the completion of its assignment with the UK-headquartered energy giant BP off the coast of Trinidad before the expected timeline. The post Valaris’ 2001-built rig wraps up its gig with BP ahead of schedule appeared first on Offshore Energy.

EIG’s MidOcean Energy lines up new investment as NYK spreads its LNG wings

MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG), has secured another investment, which enables Nippon Yusen Kabushiki Kaisha (NYK), Japan’s shipping and logistics major, to widen its LNG footprint. The post EIG’s MidOcean Energy lines up new investment as NYK spreads its LNG wings appeared first on Offshore Energy.

Saipem’s merger with Subsea7 clears crucial US antitrust hurdle

Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 have made progress in advancing their proposed business combination with a U.S. antitrust milestone; however, the merger’s fate remains uncertain pending the review of potential offshore market concentration issues in the European Union (EU). The post Saipem’s merger with Subsea7 clears crucial US antitrust hurdle appeared first on Offshore Energy.

Worley picks up new assignment in Australia

Australia’s engineering firm Worley has won its first major services framework deal with Inpex Operations Australia, a subsidiary of Japan’s Inpex. The post Worley picks up new assignment in Australia appeared first on Offshore Energy.