9046 results found for 'race bank'

9046 results found for 'race bank'
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  • Yinson Production gets hold of over $1 billion bond for FPSO at Petrobras’ Brazilian oil field

    27 June 2025
    Business & Finance, Business Developments & Projects

    Yinson Production is only days away from securing a $1.17 billion bond issue for a floating, production, storage, and offloading (FPSO) unit, which is deployed at an oil field in the pre-salt Campos Basin off the coast of Brazil.

  • ESL Shipping secures new €70M loan to finance next-gen green ships

    27 May 2025
    Business & Finance, Business Developments & Projects, Infrastructure, Vessels

    Finland-based shipowner ESL Shipping has signed a €70 million loan agreement with Swedish finance provider Svenska Skeppshypotek to partially finance a series of four methanol-fueled 17,000 dwt Handysize vessels.

  • $5 billion loan dusting off the cobwebs from TotalEnergies’ stalled $20B LNG project

    14 March 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Rules & Regulation, Safety, Transition

    Following a years-long hiatus, a multibillion-dollar liquefied natural gas (LNG) project off the coast of Mozambique is shaking the rust off its development by getting back on track with a loan of nearly $5 billion secured from the newly appointed board of the Export-Import Bank of the United States (US EXIM), hand-picked by the Trump administration.

  • Shelf Subsea’s saturation diving vessel ready for four-year job after reactivation works

    19 May 2025
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Vessels

    Australia-based Shelf Subsea has completed reactivation works for its 2010-built saturation diving vessel, with all new ABS certificates reissued and the vessel now ready for its first job. Shelf Subsea reported some five days ago that the 82-meter-long DP2 vessel Southern Nova had finished its major reactivation works, now prepared for the start of a […]

  • Motion Ventures targets $100M to drive green innovation in maritime industry

    19 March 2025
    Business Developments & Projects, Collaboration

    Motion Ventures, a Singapore-based maritime venture investment fund, has unpacked what it endeavors to be its “largest maritime tech fund ever” valued at a staggering $100 million, aimed at supporting decarbonization as well as digitalization of the maritime industry. Powered by Rainmaking, a UK-based firm that develops accelerator programs and venture capital businesses for startup […]

  • Trump’s ‘economic revolution’ leaves US energy industry at tariff wars’ mercy

    8 April 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Wood Mackenzie has underlined that the U.S. power industry is among the most exposed areas to the shockwaves of U.S. President Donald Trump’s tariff hikes, which are forecast to result in a slower global growth and weaker demand for many commodities, including oil.

  • North Sea offtake with Norwegian player bringing more gas to ENGIE

    2 July 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    DNO has got its hands on an offtake agreement with France’s ENGIE for its Norwegian gas production and a related offtake financing facility with a U.S. bank.

  • GCMD strikes sustainable finance partnership with ADB to accelerate decarbonization at sea

    9 May 2025
    Business & Finance, Business Developments & Projects, Transition

    The Global Centre for Maritime Decarbonization (GCMD) has penned a contract with the Asian Development Bank (ADB) to give speed to maritime decarbonization efforts through sustainable finance. As disclosed, the knowledge partnership will strive to advance green financing pathways that support a “sustainable and resilient” maritime sector. More specifically, according to GCMD, by grounding green […]

  • $3 billion loan in the bag for Venture Global’s $28B US LNG export project in Louisiana

    5 May 2025
    Business & Finance, Business Developments & Projects

    Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has secured a $3 billion bank loan facility with 19 banks to continue manufacturing, procurement, and engineering of a natural gas liquefaction and export facility for its proposed multibillion-dollar export project in Louisiana, United States.

  • $1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza

    24 January 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom.

  • GTT lands tank design gig for 6 very large LNG carriers

    15 January 2025
    Business Developments & Projects, Project & Tenders

    French technological containment specialist Gaztransport & Technigaz (GTT) has received an order from Chinese shipbuilder Hudong-Zhonghua, a subsidiary of China State Shipbuilding Corporation (CSSC), for the tank design of six new very large liquefied natural gas carriers (LNGCs).

  • Sea Lion runs into setback as financing delays Falkland Islands’ $1.4B oil project

    30 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Israel’s Navitas Petroleum has put off a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), pushing it to the second half of the year for Phase 1 to put a financing plan in place.

  • HD KSOE gets seals of approval for hydrogen tank technology

    15 January 2025
    Business Developments & Projects, Certification & Classification, Regulation & Policy, Research & Development, Technology, Vessels

    HD KSOE has obtained approvals in principle (AiPs) from LR, ABS, DNV and KR for its vacuum insulation system for liquid hydrogen (LH2) storage tanks.

  • Step on the gas, pretty please

    1 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones.

  • WSC to US: Rethink tariffs or risk economic turmoil

    26 March 2025
    Authorities & Government, Regulation & Policy

    The World Shipping Council (WSC) has urged the United States Trade Representative (USTR) to abandon its proposal for retroactive fees on port calls for Chinese-built vessels, citing both economic and industry impact concerns. Although WSC has underscored its support for the USTR’s ambition of breathing new life into the US maritime sector, the organization has […]

  • 39-year-old FPSO going to Las Palmas to get ready for redeployment

    2 June 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Amplus Energy has picked Spain’s Astican Shipyard in Las Palmas de Gran Canaria off the northwest coast of Africa to undertake the work scope related to the preparation for the redeployment of a floating production, storage, and offloading (FPSO) vessel, seen as one of the offshore industry’s most iconic FPSO units.

  • Shell gives Subsea7 work on its Gulf of America deepwater project

    4 April 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Subsea7 has tucked a new assignment under its belt with Shell for a floating production system (FPS) destined for a deepwater development in the Gulf of America, formerly known as the U.S. Gulf of Mexico.

  • Hinicio advocates for port-led hydrogen growth in Latin America and the Caribbean

    21 April 2025
    Market Outlooks, Outlook & Strategy, Ports & Logistics, Transition, Vision

    Hinicio, a Belgium-based consulting firm specializing in hydrogen and its derivatives, has outlined a series of recommendations aimed at supporting ports in Latin America and the Caribbean to play a central role in climate action and in advancing the hydrogen economy across the region.

  • SBM Offshore on FPSO landscape: Oil & gas demand unlocking financing with CCS poised for ‘biggest impact’ in emission cuts

    6 January 2025
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Regulation & Policy, Technology, Transition

    With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, SBM Offshore is expecting to see a new batch of 40 floating production, storage, and offloading (FPSO) opportunities in the next three years, out of which around 16 are anticipated to be within its target domain, as rising global energy demand, especially within the oil and gas arena, continues to loosen the purse strings, paving the way for smooth FPSO project financing.

  • FPSO sets its sails toward North Sea project with oil production extension to 2045 in mind

    13 March 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Vår Energi has confirmed the tow-out of a floating production, storage and offloading (FPSO) vessel from the Worley Rosenberg yard to a field in the North Sea off the coast of Norway.

  • COSCO blacklisted: Sanctions signal new front in US-China (maritime) rivalry

    9 January 2025
    Authorities & Government

    China’s state-owned COSCO Shipping Holdings has been placed on the US Department of Defense’s (DoD) sanctions list, together with 130 other Chinese companies, for their alleged ties to the country’s military. As informed, the primary objective of this list, which now comprises a total of 134 companies, is to restrict the entities’ economic and technological interactions […]

  • Near-term investments, supportive policies to ensure bankability of green hydrogen projects, report finds

    8 April 2025
    Business Developments & Projects, Market Outlooks, Outlook & Strategy, Transition

    The European Union (EU) has set a target to increase the consumption of green hydrogen to 20 million tons (Mt) by 2030.

  • NetZero Tech Ventures backs ammonia cracking technology company CatAmmon

    26 February 2025
    Business & Finance, Business Developments & Projects, Technology

    Venture capital company NetZero Tech Ventures will invest in CatAmmon, a company developing an advanced ammonia cracking catalyst that could reduce costs while cutting the carbon emissions in the hydrogen supply chain.

  • Seadrill drillship staying busy with US drilling campaign thanks to multimillion-dollar extension

    5 March 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Talos Energy has decided to keep a drillship, owned by Seadrill, an offshore drilling contractor, occupied with additional drilling into September 2025.

  • Research center for sustainable shipping opens in Scotland

    18 June 2025
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Research & Development, Transition

    Scotland’s University of Strathclyde, in partnership with Germany-based dry bulk carrier owner and operator Oldendorff Carriers, has launched a new research center focused on sustainable shipping.