Offshore

Oil major Shell is making moves to support the global development of maritime energy storage solutions as it invests in Corvus Energy via Shell Ventures.

France’s Bourbon Corporation has requested for reorganisation proceedings to the Commercial Court of Marseilles following a demand for payment made by Chinese firm ICBC Leasing.The Chinese financial institution has demanded from Bourbon...

The offshore and workboat sectors in the Middle East stand to benefit from $211bn in ongoing oil, gas and petrochemical projects.

Louis Dreyfus Armateurs (LDA), through its subsidiary Louis Dreyfus TravOcean, has clinched its first contract related to the development of offshore windfarms in France.The contract is for the supply, installation and protection of inter-array...

China National Offshore Oil Corporation (CNOOC) has signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC) to explore new collaboration opportunities in both upstream and downstream for the refining and liquefied...

France’s offshore services company Bourbon has asked for a suspension of its listing as the company seeks to address an approximate $800m in debt currently sought after by its creditors.Bourbon said that “certain creditors of group affiliates”...

As the offshore wind industry starts to expand on the US East Coast Norway’s Equinor has won a $3bn project in New York State.

Keppel Offshore & Marine has booked in close to SGD1.9bn ($1.4bn) in new orders so far this year boosted by the LNG and renewables sector.

Keppel FELS and Keppel Shipyard have clinched contracts worth approximately SGD130m ($95.7m) for a newbuild LNG-ready dredger and the modification of a FPSO vessel.The contracts won by the two subsidiaries of Singapore’s Keppel Offshore & Marine ...

As Cyprus-back and Turkish drillships anchored near each other, European Union states have agreed on sanctions the EU should impose on Turkey for its illegal drilling activities in Cyprus’ exclusive economic zone (EEZ).