DeepOcean commenced a restructuring process in relation to three UK subsidiaries in its Cable Laying and Trenching business (the CL&T Group), which will enable the CL&T Group to be wound down on a solvent basis. [Read more…] about DeepOcean launches restructuring process
Ocean Winds (OW) is the result of a joint venture announced in 2019 and controlled in equal parts by EDP Renováveis and ENGIE. [Read more…] about OW: new company specialized in offshore wind power
US-based Tidewater submitted one of four takeover offers for Bourbon Corporation to the Marseille commercial court overseeing reorganisation proceedings for the French offshore support vessel (OSV) operator [Read more…] about Tidewater among bidders to take over Bourbon
December 2nd was a notable day in the strategic relationship between Beijing and Moscow, which saw the first shipments of Russian natural gas to China via the much-awaited Power of Siberia pipeline. [Read more…] about Strategic upside behind Russia’s $55 Billion ‘Power Of Siberia’ pipeline to China
Cluff Natural Resources has completed the sale to Shell of a 50% stake in a UK offshore gas license as the two companies move forward with plans to drill a first well at the site. [Read more…] about UK upstream junior Cluff completes North Sea gas farm-out to Shell
Ocean Breeze Energy, owner of Bard Offshore 1, located in the North Sea, has sold the windpark to Macquarie Infrastructures and Real Assets. [Read more…] about New owners for Bard Offshore 1
Following the news on Wednesday 12 September that OMV and Sapura Energy have entered into Heads of Agreement for OMV to acquire 50% of Sapura Upstream, Jonathan Markham, Oil & Gas Analyst at GlobalData offers his view on the key aspects of this transaction.
[Read more…] about OMV turns focus to Southeast Asia with acquisition of Sapura Upstream
Airborne Oil & Gas in IJmuiden is pleased to announce that we have entered into a technical cooperation agreement with Over Sea & Land Concrete (OSL).
[Read more…] about Airborne Oil & Gas entered into a technical cooperation agreement
The Van Aalst Group, Dordrecht, announced today that it became a majority stakeholder in Techano AS, a leading offshore crane specialist from Norway.
[Read more…] about Van Aalst Group to become majority shareholder in Techano, the Norwegian offshore crane specialist
LetterOne announced today that it has signed a Letter of Intent with BASF to combine the parties’ oil and gas businesses in a joint venture. The new merged entity would operate under the name Wintershall DEA.
[Read more…] about LetterOne and BASF sign Letter of Intent to merge oil and gas businesses to create Wintershall DEA