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.
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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 t…
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.
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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.
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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…
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