Business & Finance
EU maritime sector set to benefit from new sustainable finance package
On 21 April, the European Commission adopted a “sustainable finance” package to help improve the flow of money towards sustainable activities across the European Union.
Scotland gets first dedicated subsea decommissioning hub
NorSea UK, in collaboration with Robertson-IES and CR Smith Services, has unveiled NorSea Decom – a dedicated entity whose sole work scope will be the safe and compliant management of decommissioned subsea infrastructure and waste logistics.
Diamond Offshore emerges from Chapter 11 bankruptcy
Offshore drilling contractor Diamond Offshore Drilling and its debtor-affiliates have emerged from their Chapter 11 process after completing a financial reorganization under their joint plan of reorganization.
Talos Energy nominates new board member
Houston-based oil and gas company Talos Energy has nominated a new member of the company’s board of directors.
Sea Consortium books four boxships at CSSC
Singapore-based Sea Consortium has placed an order for four 7,000 TEU containerships at Shanghai Waigaoqiao Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC). Singapore Sea Consortium, is a subsidiary of X-press, a feeder operator which has a fleet of up to 130 feeder-type co
PetroNor closes Guinea-Bissau offshore blocks buy
Independent oil and gas exploration and production company PetroNor has received the necessary approvals for the acquisition of high potential acreage offshore Guinea Bissau through the buy of SPE Guinea Bissau AB.
Sempra initiates exchange offer for IEnova public shares
U.S energy company and LNG operator Sempra Energy has launched its exchange offer to acquire all the outstanding shares of Infraestructura Energética Nova (IEnova) that it doesn’t own.
Offshore wind FIDs to increase 57 per cent by 2022 – Westwood
Offshore wind energy projects final investment decisions (FIDs) will grow 57 per cent in the next 18 months, compared to the 2019-20 period, according to a new analysis from Westwood Global Energy Group. The global analysis, excluding mainland China, states that the FIDs growth represents an additio
Mubadala signs MOU to buy Tamar field stake from Delek Drilling
Israel’s Delek Drilling has signed a non-binding memorandum of understanding (MoU) with UAE’s Mubadala Petroleum for the sale of its 22 per cent non-operated stake in the Tamar gas field offshore Israel.
Technip Energies buys its own shares from TechnipFMC
Energy transition company Technip Energies has agreed to buy €20 million (approx $ 24 M) equivalent of its own shares from TechnipFMC.
TechnipFMC gets go-ahead for Santos’ Barossa subsea works
TechnipFMC has received a notice to proceed with the subsea production system contract from the Australian energy giant Santos for the Barossa gas field project.
Maersk raises full-year guidance as it rides exceptional market
Industry heavyweight A.P. Møller – Mærsk A/S has lifted market guidance for the full year of 2021 citing an exceptional market situation in the container shipping sector. The company is now forecasting an underlying EBITDA in the range of $13-15bn from the previously guided $8.5-10.5bn and underlyin
Equinor hires Seadrill rig for work on Bacalhau field off Brazil
Offshore drilling contractor Seadrill has secured a four-year firm contract with four one-year options, for the West Saturn drillship with Norwegian oil major Equinor in Brazil.
Eolink, Kranendonk eye floating wind foundation gigafactory
French floating wind foundation developer Eolink and Dutch robotics company Kranendonk are looking into setting up a gigafactory for automated production of floating wind foundations. Eolink said it had slightly adapted its detailed design to be fully compatible with automated welding robots which w