A new merger may soon be visible on the rig market horizon, as the Switzerland-based offshore drilling contractor Transocean is now allegedly contemplating a business combination with its Bermuda-headquartered rival Seadrill. The post More rig market consolidation on the cards as Transocean and Seadrill ponder merger appeared first on Offshore Energy.
The sweetened deal South Korea’s shipbuilder Hanwha Ocean made with an 11.67% rise in its final offer seems to have worked its magic, as the independent directors of Singapore-based offshore builder Dyna-Mac have recommended to shareholders to accept the cash offer. The post As Singapore FPSO builder’s directors back its bid, South Korean shipbuilder closing in on takeover deal appeared first on Offshore Energy.
SBM Offshore has offloaded a minority stake in a floating production, storage, and offloading (FPSO) vessel, which is working on Petrobras’ giant oil field in the Santos Basin off the coast of Brazil. The post SBM Offshore sells partial stake in Brazilian FPSO to Chinese player appeared first on Offshore Energy.
MODEC has achieved further progress in the construction of an FPSO hull, which will be deployed at ExxonMobil’s oil development off Guyana. The post MODEC tucks new milestone for Guyana-bound FPSO hull under its belt appeared first on Offshore Energy.
Norwegian oil and gas company OKEA has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off the coast of Norway. The post Stamp of approval for North Sea operator to kick off drilling ops appeared first on Offshore Energy.
A green shipping route and a new container service are envisaged between Ireland and Indiana under a newly signed memorandum of understanding (MOU). The post Ireland, Indiana eye green shipping corridor to cut emissions appeared first on Offshore Energy.
The legal battle that may decide the fate of two of the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) is fast approaching with less than three weeks left until the set date. The post Shell and Equinor weeks away from court fight over two mega oil & gas projects in UK waters appeared first on Offshore Energy.
UK-based Inyanga Marine Energy Group has launched a crowdfunding campaign to support the expansion […] The post Inyanga Marine Energy kicks off crowdfunding for its tidal energy technology appeared first on Offshore Energy.
In a little more than five years, renewable energy targets set for 2030 will […] The post OEEC 2024: A lot to talk about appeared first on Offshore Energy.
Norway-based energy data and intelligence company TGS has reported record-high ocean bottom node (OBN) […] The post TGS sees record-high OBN contract activity following merger with PGS appeared first on Offshore Energy.