Frontline ditches Euronav tanker tie-up plan
โWe regret that we could not complete the merger as envisaged in July 2022, as that would have created the by far largest publicly listed tanker company,โ said Frontline CEO Lars Barstad.
โWe regret that we could not complete the merger as envisaged in July 2022, as that would have created the by far largest publicly listed tanker company,โ said Frontline CEO Lars Barstad.
AD Ports Group has agreed to launch a joint venture with Kazakhstanโs national oil company to provide shipping services in the Caspian Sea.
Seadrill (NYSE: SDRL) has announced it will acquire rival rig owner Aquadrill in an all-share deal worth nearly $1 billion.
The Italian company said it would incorporate the well results into its evaluation of the area. Eni has its eye on a fast-track development in Block 6, it said.
KCA Deutag President Land Simon Drew said the contract extensions are โa key part of our strategy to grow our business in key markets such as the Middle Eastโ.
The drive to secure additional energy supplies in the East Mediterranean was a rare case of hydrocarbons aiding, rather than hindering, a political agreement, Energean head Mathios Rigas said this morning.
Germany has signed a five-year contract for an FSRU, with US-listed Excelerate Energy.
Employees have said their farewells to Maersk Drilling as the firm completes its merger with rival Noble (NYSE, Nasdaq: NE).
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid.
A new group is launching today with a focus on managing methane emissions in shipping, using LNG as a fuel.
Germany's government has secured the delivery of a fifth FSRU in a bid to tackle the country's gas challenge.
Eni (ENI:MI) and TotalEnergies (LON:TTE) have made a major gas find at the Cronos-1 well, in Block 6 off Cyprus.
A Chevron team has visited Cyprus today to talk about developing the Aphrodite field, in the islandโs exclusive economic zone (EEZ).
Saipem (MI:SPM) shares have plunged around 70% from July 11 after the company acknowledged demand for additional shares was less than expected.
Frontline has struck a deal with Euronav for a potential merger, in an all share offer that would value each Euronav share at around $12.09.
Borr Drilling (NYSE: BORR) has signed a deal to sell three jackup oil rigs for $320 million.
NYSE-listed International Seaways has completed the sale of a 50% stake in two FSOs in Qatar to Euronav.
The offshore drilling rig market is โmuch tighterโ than previously thought, according to new analysis, with some segments โnearly sold-outโ.
No โsignificant structural damageโ to the Saipem 7000 has been uncovered after the vessel endured a major lifting malfunction last week.
ExxonMobil has made a good-quality gas find at its block offshore Cyprus, on the Glaucus-2 well.
Noble Corp. and Maersk Drilling have set out the executive team that will lead the new company, confirming Nobleโs Robert Eifler as president and CEO.
Offshore driller Valaris (NYSE: VAL) said its โtransitional periodโ post-Chapter 11 bankruptcy will continue into the second quarter of this year as it deals with costly rig reactivations.
Following a string of delays, Sembcorp Marine has completed construction of the hull and living quarters for the Johan Castberg unit, which has now begun dry transport from Singapore to Norway.
Stena Drilling has secured a new contract with TotalEnergies for the Stena Spey unit, which will begin a UKCS campaign in the spring.