Valaris Limited said that it has been awarded a four-well contract with BP offshore Mauritania and Senegal for drillship, VALARIS DS-12. The contract is expected to commence in the first quarter of 2022 with an estimated duration of 285 days. The above contract is coming barely weeks of ARO Drilling’s contract with Aramco has been […]

ExxonMobil Chemical Company has signed an agreement with Celanese for the sale of its global SantopreneTM business for $1.15 billion, subject to working capital and other adjustments.  $1.15 billion sale advances strategic business objectives Sale includes two manufacturing sites in the United States and United Kingdom The sale includes two world-scale manufacturing sites in Pensacola, Florida […]

Equinor has awarded around NOK2.19bn ($255m) in contracts divided between Aker Solutions, TechnipFMC and Aibel following the decision to develop the Lavrans and Kristin Q discoveries in the Norwegian Sea. The contracts are subject to government approval of the plan for development and operation the Norwegian energy giant filed together with its partners Petoro, Vår […]

The Board of Directors of Elkem ASA has announced that CEO Michael Koenig has handed in his resignation and will leave Elkem effective from 30 June 2021. Elkem will now initiate a succession process to recruit its next CEO. Helge Aasen will serve as interim CEO. “We thank Michael for serving Elkem in key leadership […]

Baker Hughes has announced that it has been awarded two flexible pipe  contracts by Petrobras in the second quarter of 2021. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields and the second contract covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu fields. […]

Baker Hughes, a global energy technology company, and Samsung Engineering Co. Ltd, one of the world’s leading engineering, procurement, construction and project management companies, have announced a collaboration with regards to low to zero-carbon projects utilizing carbon capture, utilization and storage (CCUS) and hydrogen technologies.     As part of the collaboration, Baker Hughes and Samsung […]

Karpowership SA (KPSA), a South African company that is 49% Black owned, welcomes the  announcement made by the Department of Mineral Resources and Energy (DMRE) appointing KPSA  as a Preferred Bidder for projects in the Ports of Coega, Saldanha and Richards Bay, to provide power  to South Africa’s national electricity grid under the Risk Mitigation […]

Stena drilling, an independent drilling contractor has announced its acquisition of a 30% stake in intebloc, an award winning specialist digital lifting technology solutions provider, which improves the safety and productivity of offshore lifting operations. The deal marks another milestone on Stena Drilling’s digital evolution, as it positions itself as one of the most digitally efficient […]

Baker Hughes an energy technology company has announced an investment in Electrochaea, a growth stage company developing novel proprietary bio-methanation technology. Through its investment, Baker Hughes will enhance its broader carbon capture and utilization (CCU) portfolio and provide an integrated solution for customers across the carbon dioxide (CO2) value chain to enable the production of low carbon […]

SBM Offshore has announced it has completed the project financing of FPSO Prosperity for a total of US$1.05 billion. The project financing was secured by a consortium of 11 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee has been released. The […]