Finance News

Lime Petroleum AS has signed an agreement with OKEA AS (OKEA) to acquire OKEA’s 15% interest in the producing Yme Field in the Norwegian North Sea, for a post-tax consideration of $15.65 million. All related decommissioning costs to be transferred to Lime.

North Star, one of UK’s leading offshore infrastructure support vessel operator and service provider, has invested more than £5 million in new business support software systems to drive operational and sustainability efficiencies across its operations, whilst also boosting its seafarers’ wellbeing.  

Global oil and gas contract activity received a boost from Petrobras' key upstream contracts in the second quarter of 2024. The industry witnessed a notable 47% quarter-on-quarter increase in total disclosed value to reach $54.91 billion in Q2 2024 from $37.3 billion in Q1, reveals GlobalData, a leading data and analytics company. 

Reach Subsea ASA has announced its second quarter and half-year results for 2024, demonstrating consistent advancement towards its strategic objectives. Revenue for the quarter stands at NOK 623 million and the EBIT at NOK 121 million.

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.

Noble Corporation plc (NOBLE) announces the completion of its acquisition of Diamond Offshore Drilling, Inc (Diamond). This transaction enhances Noble's position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2 billion of backlog.

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