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NTSB report focuses on final 29 seconds before fatal NBC helicopter crash

The National Transportation Safety Board (NTSB) has published a preliminary report as part of its investigation into the fatal NBC helicopter crash last month. On...

Rockhopper pledges $44 million for oil project’s second Falklands-bound FPSO

Rockhopper Exploration, a UK-based oil and gas exploration and production company, has earmarked $44 million from its existing cash reserves to obtain a 35%...

When conditions become marginal, who makes the call?

Nobody really wants to be the person who stops the job. That's the uncomfortable truth behind every marginal sea state conversation offshore. The bridge team...

$533 million lands on Arabian Drilling’s backlog for rig quartet deal

Arabian Drilling's backlog has surged to nearly $5 billion after a four-rig award from the Aramco-Kuwait Petroleum Corporation joint venture (JV). Arabian Drilling, described as...

Constellation’s greener drilling tech fetches ABS go-ahead as duo signs up for decarbonization quest

As offshore drillers up the ante on technological advancements to curb their carbon footprint, Constellation Oil Services, a Brazilian offshore drilling contractor, has seen...

$860M play for offshore oil assets powers Ithaca’s entry into Canadian energy game

Ithaca Energy is breaking into the Canadian market by buying Suncor's oil assets in shallow waters off the East Coast of Newfoundland and Labrador. UK-headquartered...

Yinson Production and Eni amplifying African FPSO’s gas capacity

Yinson Production has locked in a $600 million backlog boost after signing a contract amendment with Eni to overhaul an FPSO offshore Ghana With declining...

CBN’s three-year reforms face real economy test

Three years after Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria, the apex bank has recorded measurable gains in foreign...

APM Terminals calls for bankable green infrastructure projects

APM Terminals Nigeria has called for stronger collaboration among government, industry, investors and development partners to accelerate the development of bankable green infrastructure projects...

Make your preference count — choose Punch. Tony Elumelu’s Heirs Energies raises Seplat stake to 21%

  Heirs Energies Limited, an indigenous energy company chaired by billionaire investor and Non-Executive Director, Tony Elumelu, has consolidated its position as a major shareholder...

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