Business & Finance
Maersk offloads container manufacturer for $987.3M
Danish container logistics giant A.P. Moller – Maersk has decided to sell its reefer manufacturer, Maersk Container Industry (MCI), to China International Marine Containers Ltd. (CIMC).
Alatas expands North Sea footprint with brand new contract
Alatas was awarded a three-year crane operations and maintenance contract with Ithaca Energy, strengthening its presence in the North Sea.
Odfjell Drilling to bag $20 million from extra well with Equinor
Equinor has added an additional well to a contract for Odfjell Drilling’s Deepsea Stavanger, which will see the rig busy into 3Q 2022.
Aker BP files development plan with fast-track solution for North Sea field
Aker BP has submitted a plan for development and operation (PDO) for the Frosk field to the country’s Ministry of Petroleum and Energy.
Aquadrill drillship lands one-year gig in Gulf of Mexico
Aquadrill, formerly known as Seadrill Partners, has entered into a charter hire agreement with Diamond Offshore to provide a drillship in the Gulf of Mexico.
Sentencing hearing in Petrofac bribery case delayed
Petrofac has reached a plea agreement with the UK Serious Fraud Office in relation to its investigation into its historical use of agents.
K Line inks climate transition linked loan
Japanese shipping major Kawasaki Kisen Kaisha, Ltd. (K Line) has signed a transition-linked loan (TLL) with syndicated lenders, arranged by Mizuho Bank Ltd. (MHBK).
Neptune gains regulatory nod for production drilling on Fenja field
Neptune has received consent from a Norwegian offshore safety authority to use the Deepsea Yantai rig for operations on the Fenja field.
Havfram set to order installation vessel for 20+ MW offshore wind turbines
Havfram is expected to place an order for a new wind turbine installation vessel (WTIV) in the next quarter of this year, the company revealed on 27 September as it announced a target of having a majority of its income coming from the renewable energy sector by the middle of this decade. The semi-su
Repsol awards extension to Esvagt vessel on Yme field
Esvagt has won a contract extension with Repsol for standby services, ERRV-services and guard vessel duties on the Yme field in the North Sea.
PGNiG buying Norwegian assets from Ineos at a reduced price
PGNiG Upstream Norway has just received approval from Norwegian authorities to acquire all assets of Ineos E&P Norge for a reduced price.
In focus: Converting jack-up rigs and combining offshore wind & hydrogen for low-carbon future
This week saw a plethora of energy transition-related news across the offshore energy industry with updates telling of alternative deployments for offshore drilling rigs, new projects combining offshore wind and hydrogen, the urgency to decarbonise the shipping sector, and more.
Seadrill drillship returns for fresh Buckskin well in deepwater Gulf of Mexico
A Seadrill drillship has started drilling ops on LLOG’s deepwater project in the Gulf of Mexico. The same rig was used for the initial phase as well.
Eni fires up second offshore project in Angola this year
Eni has started production from the Cabaça North development project, in Block 15/06, offshore Angola, via the Armada Olombendo FPSO.