Search results for: financia

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  • 21 January 2021
    Business developments & projects, Operations & Maintenance

    NextDecade Corporation has appointed Brent E. Wahl as a chief financial officer.

  • 14 January 2021
    Business & Finance

    Ocean bottom node seismic player Axxis Geo Solutions (AGS) is looking to address its debt situation and improve its balance sheet through a capital restructuring. The Oslo-listed company said it has over some time been in active dialogue with its current stakeholders and other strategic and financial investors. As a result of this process, a […]

  • 13 January 2021
    Business & Finance

    Athens-based pure-play Capesize vessel owner Seanergy Maritime Holdings Corp. has reached final agreements with its lenders for the financial restructuring of a total of $179 million, consisting of four senior credit facilities. Under the terms of the restructuring, approximately $87 million of debt maturities falling due in 2020 have been extended to future periods, between […]

  • 7 January 2021
    Business & Finance, Business developments & projects, Technology

    Innovation Norway has granted financial support to the Deep Purple project, which is developing a green hydrogen production system powered by offshore wind, with the hydrogen being stored on the seabed. A consortium led by TechnipFMC is working on a pilot project that will see a green hydrogen offshore energy system being constructed and tested […]

  • 5 January 2021
    Business & Finance, Business developments & projects

    Prosafe is still working to resolve its financial situation with lenders but is still unclear what a final solution may look like.

  • 28 December 2020
    Business & Finance, Business developments & projects

    Offshore drilling contractor Borr Drilling has named a new chief financial officer (CFO), with effect from 28 December 2020.

  • 25 December 2020
    Business & Finance, Business developments & projects

    Borr Drilling has come up with a liquidity improvement plan with the support of creditors as part of its efforts to strengthen its financial footing.

  • 30 November 2020
    Business & Finance, Business developments & projects, Exploration & Production, Market outlooks, Outlook & strategy

    Borr Drilling is facing a very challenging financial situation amid a difficult market environment combined with payment delays from Pemex in Mexico.

  • 26 November 2020
    Business developments & projects, Project & Tenders

    Emerging Africa Infrastructure Fund (EAIF) said it has sanctioned a $31 million loan with a 10-year term to Access LNG, for the Tema LNG project.

  • 23 November 2020
    Business & Finance, Business developments & projects

    Norwegian LNG transportation provider Awilco LNG has agreed to an amendment to the financial covenants in the sale/leaseback facilities for the WilForce and the WilPride.

  • 14 October 2020
    Business & Finance, Business developments & projects

    Offshore drilling rig owner Borr Drilling has appointed a new chief financial officer (CFO) of the company.

  • 21 August 2020
    Business & Finance

    Genting Hong Kong Limited has decided to temporarily suspend all payments to the group’s financial creditors as it works to preserve liquidity during a very tough time for the company suffering from a massive impact from the COVID-19 pandemic on its operations. The cruise shipping major had to suspend all its sailings globally due to […]

  • 4 August 2020
    Business & Finance, Business developments & projects, Human Capital, Outlook & strategy

    The chief financial officer (CFO) of Danish offshore driller Maersk Drilling has announced he would leave the company.

  • 3 August 2020
    Business & Finance, Business developments & projects, Human Capital, Outlook & strategy

    Italian energy major Eni has appointed a new chief financial officer (CFO) of the company.

  • 3 August 2020
    Business & Finance

    Airborne Oil & Gas, a provider of Thermoplastic Composite Pipe (TCP), has promoted William de la Motte to chief financial officer (CFO) following six months as interim finance director. William de la Motte started his career at Dutch trading company Ceteco in the Americas, where he stayed for 13 years and progressed to finance director. […]

  • 17 July 2020
    Business & Finance

    Trelleborg Group has appointed Fredrik Nilsson as new chief financial officer. He will assume the position during the first quarter of 2021. Nilsson will succeed Ulf Berghult, who has decided to leave his position to take up work outside the group. Ulf will complete the 2020 year-end report before leaving Trelleborg for his new assignment. […]

  • 23 June 2020
    Business & Finance, Business developments & projects, Vessels

    Awilco LNG has agreed certain amendments to financial covenants in the sale/leaseback deals for its LNG tanker pair.

  • 5 June 2020
    Business & Finance, Business developments & projects

    Borr Drilling has postponed deliveries of five jack-up rigs until mid-2022.

  • 5 June 2020
    Research & Development

    The U.S. National Offshore Wind Research and Development Consortium will award a total of USD 10.3 million (around EUR 9.1 million) to twelve projects selected in its latest solicitation for offshore wind research and development (R&D). The funding will support research in areas such as the U.S. offshore wind supply chain, offshore wind impact on […]

  • 19 May 2020
    Business & Finance, Business developments & projects

    Oil and gas company KrisEnergy has decided to promote its interim chief financial officer (CFO) to a permanent role.

  • 11 May 2020
    Business & Finance, Equipment, Rules & Regulation

    Norwegian-based ballast water treatment (BWT) specialist Optimarin has launched a leasing option within the BWT segment as a response to the growing need for more flexibility in financing solutions. The company said that the leasing option is the first of its kind in the segment and comes amid challenging market conditions shipowners and ship operators […]

  • 11 May 2020
    Business & Finance, Business developments & projects, Infrastructure, Vessels

    Norwegian vessel owner Solstad Offshore has finalized negotiations regarding its financial restructuring and the agreed conditions for two Ocean Yield’s anchor handlers.

  • 16 April 2020
    Business developments & projects, Project & Tenders

    Mexico Pacific said Thursday it has engaged Mitsubishi UFJ Financial Group as a financial advisor as it moves towards a final investment decision on its LNG export project. Japan’s MUFG is one of the world’s largest publicly traded financial institutions and Mexico Pacific believes that this move would largely help the developer in advancing its […]

  • 13 April 2020
    Business & Finance, Ports & Logistics

    European ports have managed to remain open and maintain their activities during the coronavirus crisis ensuring the delivery of essential goods. However, they have not been spared from a huge economic impact amid the drop in cargo and passenger volumes as a result of coronavirus-related disruptions to the supply chain across the board. Therefore, the […]

  • 1 April 2020
    Business & Finance

    Prosafe is still working with its lenders to come up with a financial solution to ensure the company’s long-term stability.