ADS Maritime Holding said Wednesday it had acquired a 10% stake in a Dive Support Vessel and will act as Commercial Manager with primary responsibility for following up the shipowning company’s activities related to the vessel and the bareboat contract…
U.S. oil and gas producer EOG Resources on Friday said it had no plans to alter its strategy around new natural gas drilling, despite a sharp decline in prices this year. Rival producers, including Chesapeake Energy, Southwestern Energy, and Comstock Resources…
Harbour Energy said on Friday that largest shareholder, EIG Asset Management, has distributed some of its stake in North Sea's biggest oil and gas producer to existing investors, resulting in a dilution in its holding to 16% from 37%.The share…
ADS Maritime Holding has agreed to acquire a 5 % shareholding in AET Sea Shuttle AS and AET Sea Shuttle II AS, the owners of four modern shuttle tankers operating in the North Sea, mainly on long term charters to Equinor. The vessels are Eagle Blane…
APA Corporation, the operator of Block 53 offshore Suriname, said Monday it had recently completed drilling operations at the Rasper well, hitting water bearing reservoirs.'APA has completed operations on the Rasper well in the northwestern area of the block…
Reach Subsea, a subsea services company, said Thursday it had agreed to buy the offshore survey services firm iSurvey in a transaction valued NOK 135 million ($15,1 million). Separately, it was announced that Wilhelmsen had acquired a 21% stake in Reach Subsea…
Abu Dhabi's offshore marine services company ZMI Holdings said on Tuesday it had signed and closed a new senior secured financing facility of up to $500 million.It will help ZMI invest further in its growth markets, and provide committed and…
A Dutch court has ruled a half-billion-dollar stake in the Portuguese oil company Galp linked to Angolan ex-first daughter Isabel Dos Santos must be handed over to Angola, lawyers for the southwest African country's state oil company said on Tuesday…
Japanese refiners will need at least three months to resume Iranian oil imports even if Tehran's nuclear talks with world powers lead to an agreement and a lifting of sanctions, the head of the Petroleum Association of Japan (PAJ) said on Thursday…
Norway's Aker ASA is establishing a new unit dedicated to investing in bitcoin and blockchain technology, the industrial holding company said on Monday.Seetee AS would initially have a capital of 500 million Norwegian crowns ($58.6 million) and planned to keep its liquid assets in bitcoin…
Apache Corp said it plans to create a new holding company called APA Corp, that would replace the oil and gas producer as the public company trading on the Nasdaq stock exchange.Apache will become a unit of APA and continue to hold assets in the United States…
Henrik Poulsen, CEO of offshore wind giant Ørsted, who recently announced his decision to step down after eight years with the firm, will join Denmark's maritime giant AP Moller Holding.The A.P. Moller Group comprises of A.P. Moller - Maersk…
Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into 'sub-holdings' and launch initial public offerings within two years.Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability…
Sif Holding, the manufacturer of large steel tubulars, has entered into exclusive negotiations for the delivery of 33 monopiles and 33 Transition pieces (25 KTon steel) for an offshore wind project in Japan.The current state of negotiations has led to a pre- order of the steel for the project…