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Velesto bids goodbye to 2010-built jack-up rig

Malaysia’s Velesto Energy has struck a deal to divest a 15-year-old jack-up rig for a total cash consideration of $63 million (equivalent to RM 258.4 million). The post Velesto bids goodbye to 2010-built jack-up rig appeared first on Offshore Energy.

Green light for $1.8 billion oil redevelopment in Norwegian waters

ConocoPhillips, and its partners, Vår Energi, Orlen Upstream Norway, and Petoro, have sanctioned a project on the Norwegian Continental Shelf (NCS) that aims to extend the life of the Greater Ekofisk Area (GEA) through the redevelopment of previously produced fields (PPF) to enhance production capabilities and ensure long-term value creation off the coast of Norway.  The post Green light for $1.8 billion oil redevelopment in Norwegian waters appeared first on Offshore Energy.

UK oil & gas consolidation continues: Serica makes move on Spirit Energy’s North Sea assets

UK-based upstream oil and gas player Serica Energy has taken another consolidation step on the UK Continental Shelf (UKCS) by striking a deal to acquire the oil and gas portfolio of Spirit Energy Limited and its affiliates for an upfront consideration of £57 million (around $74 million). The post UK oil & gas consolidation continues: Serica makes move on Spirit Energy’s North Sea assets appeared first on Offshore Energy.

Odfjell presses play for Brazil-Europe green corridor as new zero-emission shipping step

Norway-headquartered Odfjell Group, a player in seaborne transportation and storage of chemicals and other specialty bulk liquids, has bankrolled and put into operation mode what it describes as the first operational green shipping corridor between Brazil and Europe. The post Odfjell presses play for Brazil-Europe green corridor as new zero-emission shipping step appeared first on Offshore Energy.