Shelf Drilling has announced results for the fourth quarter and full year of 2020 ending December 31. Fourth Quarter Highlights • Q4 2020 Revenues of $121.3 million, a 5% sequential decrease compared to Q3 2020. • Q4 2020 Adjusted EBITDA of $31.8 million, representing an Adjusted EBITDA Margin of 26%.  • Full Year 2020 Revenue […]

Ocean Infinity and MMT have announced an acquisition that brings together MMT’s deep expertise and established track record as a distinguished marine survey and data analytics provider and Ocean Infinity’s best-in-class robotic technology and operational expertise. The combined force will maximise the potential of Ocean Infinity’s fleet of Autonomous Underwater Vehicles (AUVs), and the soon […]

Exxon Mobil Corporation said today that Michael Angelakis and Jeffrey Ubben have joined its board of directors.  Angelakis is chairman and CEO of Atairos, an independent strategic investment company focused on supporting growth-oriented businesses across a range of industries. Prior to founding Atairos, he served as Comcast Corporation’s vice chairman and chief financial officer. In […]

The methanol plant at Tjeldbergodden is now back in production after being decommissioned since the fire on 2 December 2020. The safe start-up preparations have gone according to plan and the facility is now supplying methanol to the market.  The fire broke out in the compressor building in the methanol factory area at Tjeldbergodden. The […]

Woodside delivered record full-year production of 100.3 million barrels of oil equivalent and it’s best-ever safety performance despite the difficult external conditions in 2020. The reported net loss after tax of US$4,028 million was impacted by the non-cash impairments and onerous contract provision announced in July 2020. Sustained operational excellence helped deliver underlying net profit […]

Energean plc, the gas producer focused on the Mediterranean, has announced that AbuQir Petroleum, a Joint Venture between Energean and EGPC, has signed an integrated EPCI iEPCI contract to global offshore services provider TechnipFMC for a subsea tie-back located offshore Egypt. The contract covers the Engineering, Procurement, Construction, and Installation of four subsea wells as […]

ExxonMobil has long advocated for federal methane regulations as the most effective way to reduce methane emissions at scale, and we are pleased that President Biden has prioritized reducing methane emissions as part of his administration’s plan to achieve the goals of the Paris Agreement – which we support. ExxonMobil recently participated in the annual […]

BW Offshore  has signed a share purchase agreement to become a strategic owner of Ideol S.A., a global pure player in floating offshore wind technology, creating a renewable energy company with market-leading capabilities based on in-house developed and proven technology, supported by BW Offshore’s extensive experience from development and operation of offshore energy production systems. […]

Technology Development Company for the global energy sector, Deep Casing Tools (DCT), has made a series of key senior appointments and created a new role as part of its strategic growth plans.  The appointments include Edward Kerr as Global Sales Manager, Kevin Robertson as Middle East Regional Manager, and David Charles as Well Engineer, who […]

Lightsource BP, a global leader in the development and management of solar energy projects, has ‎today announced the acquisition of an 845 megawatt (MW) solar portfolio in Spain from Iberia Solar, a local ‎solar developer and part of the Asterion Energies platform, a portfolio company of Asterion Industrial ‎Partners. Asterion is an independent investment management […]