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Month: March 2022

Odfjell Drilling announces new CEO

March 31, 2022
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Kjetil Gjersdal has been appointed as the new CEO of Odfjell Drilling. With his 22 years’ experience and expertise in the company he is a born and bred Odfjell Drilling person. Since joining, he has held various positions within operations, such as Rig Manager, VP MODU Operations, SVP MODU International, EVP MODU and now CEO. “I am both proud and

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Ocyan awarded decommissioning contract with Petrobras

March 31, 2022
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Ocyan signed a contract with Petrobras for the removal of flexible and umbilical ducts from the Cidade do Rio de Janeiro, Cidade de Rio das Ostras and Piranema FPSOs, located in the Campos and Sergipe-Alagoas basins. Ocyan had submitted the lowest bid in the state-owned company’s tender, with a value below R$900 million. The negotiations were concluded in

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Sparrows awarded 3 year contract offshore Luanda

March 31, 2022
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Sparrows Group, the engineering and maintenance services specialist for the global energy and industrial sectors, has secured a three-year contract to provide crane operations and maintenance services offshore Luanda, Angola. The agreement covers 10 pedestal cranes and six line and rescue craft boats across the field’s four assets. Having held the contract since 2005, Sparrows will continue to manage the

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QatarEnergy buys into Exxon’s North Marakia offshore Egypt

March 31, 2022
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QatarEnergy entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt. Under the terms of the agreement, which is subject to customary approvals by the government of Egypt, QatarEnergy will hold a 40% working interest in the contractor’s share in the North Marakia Offshore Block in the Mediterranean Sea, while an affiliate of ExxonMobil (Operator) will

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New Fortress Energy plans for LNG plant off Louisiana coast

March 31, 2022
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U.S. energy company New Fortress Energy Inc said on Thursday it filed with federal regulators to build an offshore liquefied natural gas (LNG) export project off Louisiana that could enter service as soon as the first quarter of 2023. That is much faster than the usual two to four years it takes to build a land-based LNG plant

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CNOOC plans for North Sea exit and $5.5 bln Shanghai listing

March 31, 2022
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China's biggest offshore producer CNOOC Ltd is preparing to exit one of the North Sea's largest field in a strategic shift of focus to newer oil and gas developments and away from Western assets, banking and industry sources said. CNOOC has hired Bank of America to start preparing a formal sale of its North Sea assets, which could raise

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Shell filed appeal against landmark Dutch climate ruling

March 29, 2022
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Energy major Shell has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts to force climate action. While Shell had set itself a target to reach net zero carbon neutrality by 2050, its intermediate targets were based

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Transocean buys into Ocean Minerals

March 29, 2022
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Transocean Ltd. announced that it has purchased a minority interest in Ocean Minerals Ltd., a company engaged in the exploration of seabed resources containing metals critical to the growing renewable energy market. Ocean Minerals, through its affiliate, Moana Minerals Limited, was awarded a license by the Cook Islands Seabed Minerals Authority last month for exploration of polymetallic nodules within the application area located

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Constellation gets green flag from creditors

March 28, 2022
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Constellation reported this week that an amendment to its Judicial Recovery Plan was unanimously approved by its creditors. In a statement, the company stated that the payment conditions and restructuring measures indicated will only come into force after a Confirmation Order issued by the 1st Business Court of Rio de Janeiro, which should happen in the next

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Exxon comes up dry on Cutthroat

March 28, 2022
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Brazilian oil company Enauta Participacoes SA said on Monday no hydrocarbons were found at the 1-EMEB-3-SES well, an asset in which it has Exxon Mobil Corp and Murphy Oil Corp as partners, sending its shares down. Enauta’s securities filing on the drilling came a week after Houston-based Murphy Oil said Exxon’s Cutthroat prospect in the Sergipe-Alagoas Basin could

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