Business Developments & Projects
SBM Offshore speeding up FPSO projects with new multi-purpose floater hull financing
SBM Offshore has secured a new multi-million revolving credit facility (RCF) for the financing of the construction of Fast4Ward multi-purpose floater (MPF) hulls.
Red Sea attacks on liner majors’ vessels highlight crucial link between world peace and just energy transition
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. The global efforts to achieve decarbonization targets bolstered by nearly 200 countries that vowed to phase out fossil fuels at the COP28 climate summit in Dubai earlier this week
Aker BP keeping Odfjell Drilling rig busy until end of 2026
Odfjell Drilling has inked an amendment with Aker BP which enables the extension of the firm contract for a semi-submersible drilling rig hired for work on the Norwegian continental shelf (NCS).
Electric hybrid vessel Electramar joins ESL’s AtoB@C Shipping
AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, has taken delivery of Electramar, the first vessel in the series of twelve energy-efficient plug-in hybrid vessels.
All-systems-go for Harbour to drill North Sea prospect with Noble rig
Harbour Energy has received consent for exploration drilling in the North Sea, using one of Noble Corporation’s jack-up rigs.
Gunvor closes €400 million loan to secure LNG supplies for Italian industry
Geneva-based energy trading firm Gunvor Group has closed a €400 million loan to support the Italian industry by securing natural gas and LNG supplies while promoting the export of Italy’s goods and services. The five-year facility is guaranteed by SACE, the Italian Export Credit Agency (ECA), with U
Shipbuilder: Cutting down construction risks for offshore vessels with digitalization
Shipbuilder’s director believes companies can avoid a big chunk of risks involved in vessel construction with digitalization.
UK’s OEG to buy Bluestream Offshore
OEG Energy Group (OEG) has signed a sale and purchase agreement (SPA) to acquire Dutch subsea and topside services specialist Bluestream Offshore. The acquisition is expected to increase OEG’s subsea and topside capabilities while expanding its operating footprint to be able to pursue further opport
Baleària’s 2nd LNG-powered fast ferry hits the water
Spanish ferry operator Baleària has launched its second LNG dual-fuel fast ferry Margarita Salas at the Armon Shipyard in Gijón, where it is currently under construction. Worth a total investment of €126 million, Baleària’s Margarita Salas is set to commence operations next summer. “We already had a
Scandlines to electrify two Fehrmarn Belt ferries
Taking the next big step on its green journey, Danish ferry operator Scandlines has decided to electrify two ferries on the Fehmarn Belt that links Denmark with northern Germany.
‘Major’ oil & gas OEM taps CRP Subsea for project in Angola
England-based CRP Subsea has secured multiple contracts with a “major oil and gas original equipment manufacturer (OEM)” to deliver equipment for a deepwater project in Africa. CRP Subsea will deliver integral buoyancy modules, hold back clamps, Uraduct and bend stiffeners for the umbilical project
UK regulator serves Repsol with highest fine to date amid GHG flaring and venting crackdown
The NSTA has given Repsol the highest fine issued so far for emitting GHG from three fields into the atmosphere without permission.
Wärtsilä cargo handling, fuel supply systems for Avance Gas carriers
Finnish technology group Wärtsilä has been contracted to supply the cargo handling and fuel supply systems for four new 40,000 cbm gas carrier vessels.
European project shows potential for significant reduction in tidal energy costs
A European project led by Scottish tidal energy developer Nova Innovation has demonstrated that the cost of tidal energy could potentially be reduced by as much as 40%. The €20 million EnFAIT (Enabling Future Arrays in Tidal) Horizon 2020 project brought together seven partners including Nova Innova