Business & Finance
Safe Bulkers inks its 1st sustainability-linked loan
Monaco-based bulker owner Safe Bulkers has unveiled its first sustainability-linked credit facility that incorporates an incentive discount on interest rate, linked to independently verified pre-determined emission targets.
Subsea Drilling Systems, MHWirth merge into offshore drilling solutions company
The merger of Baker Hughes’ Subsea Drilling Systems business (SDS) and Akastor’s wholly-owned subsidiary, MHWirth, has been completed to form a global offshore drilling equipment company.
U.S. offshore rig count up by three units
The number of offshore rigs in the U.S. has seen a steady increase for two weeks in a row, based on Baker Hughes’ weekly rig count report on Friday.
Dril-Quip on the lookout for new CFO
U.S. offshore drilling and production equipment manufacturer Dril-Quip announced the resignation of Raj Kumar.
In focus: Shoulder to shoulder towards a sustainable future
In this In Focus column, we report on initiatives that reduce the ecological footprint of the offshore energy and maritime industry.
Poland’s PGNiG spins drill bit at Fat Canyon prospect
PGNiG has started drilling an exploration well offshore Norway following a takeover of Ineos’ Norwegian assets.
Adani invests $700M to develop Colombo container terminal
India’s conglomerate Adani Group, Sri Lanka’s diversified company John Keells Holdings and Sri Lanka Ports Authority (SLPA) have signed an agreement to jointly develop the Colombo West International Container Terminal (CWICT) of the Port of Colombo (POC).
Velesto jack-up to drill five firm wells for Petronas
Velesto has secured more work for one of its jack-up drilling rigs for operations in Malaysia with Petronas Carigali.
Lundin produces first oil from tie-back project in North Sea
Lundin Energy has achieved the first oil from the Solveig field, a subsea tie-back development into the Edvard Grieg platform offshore Norway.
Norway-UK interconnector begins trial operations
The 720-kilometer North Sea Link between Norway and the UK began its three-month trial operations today, 1 October.
Germany opening offshore areas for green hydrogen production
Germany plans to auction off sites in its North Sea Exclusive Economic Zone (EEZ) for the purpose of producing green hydrogen offshore, with auctions expected to start as early as 2022. The Ordinance on Auctioning Sites for Alternative Energy Generation in the German Exclusive Economic Zone entered
COSCO Shipping International sells 60 pct stake in Singapore dry bulk shipping firm
Integrated logistics service provider COSCO Shipping International (Singapore) Co., has decided to dispose of a 60 per cent interest in dry bulk shipping company COSCO Shipping (Singapore) Pte. Ltd.
Ithaca selects COSL Drilling rig for North Sea gig
COSL Drilling Europe has been awarded a contract from Ithaca Energy for wells in the central North Sea on the UK Continental Shelf.
Seaway 7 emerges as OHT and Subsea 7 combination completes
Subsea 7 has revealed that the combination of its Renewables business unit with OHT has been completed on 1 October 2021.