STATS (UK) Ltd (STATS) has posted record trading results in 2023 with revenues increasing to £74.7 million while EBITDA earnings rose to £12.1 million; its latest annual accounts show.
The American Clean Power Association (ACP) has released the 2024 Offshore Wind Market Report, showing the clean power industry is projected to invest $65 billion in offshore wind projects by 2030, which will support 56,000 jobs in the United States.
Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy includes a global liquefied natural gas (LNG) trading business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).
bp and Worley have formed a new strategic alliance focused on enhancing efficiency, continuous improvement and value creation across bp's global site projects organization. This alliance builds upon a successful, decade-long collaboration between the two companies.
Aberdeen/UK-headquartered Proserv has successfully completed a sponsor-backed management buyout (MBO), and is introducing an employee ownership scheme, marking a significant milestone in the company's 60-year history.
The Middle East Gulf offshore market continues to exhibit strong growth in contract awards, even as it adjusts to the decision by Saudi NOC Aramco to suspend contracts for over 20 jack-up rigs.
Reference is made to the stock exchange announcement dated May 15, 2024, regarding the planned acquisition of 100 percent of the shares of specialist energy consultancy Ross Offshore. ABL Group has today successfully completed the transaction.
The American marine economy continued to bolster the nation in 2022 as demonstrated by increased sales and jobs, according to the most recent statistics from the annual Marine Economy Satellite Account (MESA) released by two Department of Commerce agencies—NOAA and the Bureau of Economic Analysis (BEA).
In a race to strengthen underwater capabilities, the US and China are accelerating efforts in advanced technologies such as the Manta Ray underwater drone, highlighting their strategic significance. The recent developments highlight the critical role of underwater drones in military, environmental, and infrastructure applications.
In a landmark collaboration, Boston Consulting Group and PEAK Wind have released a detailed report providing a strategic roadmap to enhance the operational performance and profitability of offshore wind farms through optimized operations and maintenance (O&M) practices.
SBM Offshore announces that it has completed the acquisition of the shares in the lease and operating entities related to FPSOs N’Goma, Saxi Batuque and Mondo from its partner, Sonangol EP. Simultaneously, SBM Offshore completed the sale of all its shares in the parent company of the Paenal shipyard in Angola, to a subsidiary of Sonangol EP.
On the occasion of the 2024 Suriname Energy Oil and Gas Summit, Javier Rielo, Senior Vice President Americas, Exploration & Production for TotalEnergies, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V, the Suriname National Oil Company, announced several significant steps towards the Final Investment Decision (FID) of the development of offshore Block 58. This decision is expected in the fourth quarter of 2024, for a production start-up in 2028.
Shell Trinidad and Tobago Ltd. (Shell), a subsidiary of Shell plc, has taken Final Investment Decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago.
TotalEnergies has signed an agreement to sell to The Prax Group its entire interest in West of Shetland assets in the United Kingdom (Laggan, Tormore, Glenlivet, Edradour and Glendronach fields, the onshore Shetland Gas Plant and nearby exploration licenses). The transaction is subject to approval from the relevant authorities.
Noble Corporation plc ("Noble") (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc ("Diamond") (NYSE: DO) announced that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction.
Specialist drilling waste management company, TWMA*, has posted its first quarter 2024 earnings of $18.3 million and EBITDA (earnings before interest, depreciation and amortisation) of $4.7 million.
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