Business & Finance
Report: Egypt to seek over $1 billion in compensation for Suez blockage
Egypt will ask for over $1 billion in compensation for damages caused by the grounding of Ever Given and the resulting blockage of the Suez Canal last week, Reuters reports citing Suez Canal Authority (SCA) Chairman Osama Rabie as saying to local reporters. The compensation is also expected to cover
Well-Safe preparing for rig acceptance audits
Well-Safe Solutions has completed the intake of its new asset, the Well-Safe Protector, and is now preparing for rig acceptance audits in the coming weeks.
Chinese yards scoop Seaspan’s latest boxship order
China State Shipbuilding Corporation will build Seaspan’s latest batch of six container vessels featuring 15,000 TEU capacity. The company’s subsidiaries Hudong Zhonghua and Jiangnan Shipbuilding will build three ships from the series each. This project marks the first time that Seaspan has placed a
Equinor halts Mariner flights as helicopter gets stuck
Crew changes on the Equinor-operated Mariner platform located off the UK have been suspended after a helicopter got stuck on the platform.
Petrobras suspends MODEC from bidding over FPSO issues
MODEC has received a notification from Petrobras that its eligibility to participate in new competitive bidding has been suspended for 13 months.
Fluxys reports records at Zeebrugge LNG
Gas infrastructure company Fluxys reported significant jump in activities at the Zeebrugge LNG facility.
NYK pens $840M worth of sustainability loans
Japanese shipping major NYK has signed two sustainability-linked loan (SLL) agreements worth $840 million. The first loan, secured with Sumitomo Mitsui Banking Corporation is worth $600 million, will take the form of a revolving credit facility. The second loan, worth $240 million, has been obtained
Cosco starts conversion work for Woodside’s Sangomar FPSO
Chinese shipyard Cosco has started working on a conversion of a VLCC into an FPSO for the Woodside -operated Sangomar project located offshore Senegal.
Romgaz places bid to buy ExxonMobil subsidiary in Romania
Romanian oil and gas company Romgaz has filed a takeover offer for ExxonMobil’s subsidiary in Romania which holds a share in a Black Sea offshore block.
Navios Partners wraps up Navios Containers acquisition
Dry cargo vessel owner and operator Navios Maritime Partners has completed the acquisition of container shipping company Navios Maritime Containers.
THREE60 wins 5-year deal with OMV in Norway
Energy services company THREE60 Energy has been awarded a new framework agreement with Austria’s oil and gas company OMV for operations in Norway.
TechnipFMC concludes share purchase deal with Bpifrance
Bpifrance, a substantial shareholder of TechnipFMC, has agreed to an investment of $100 million in Technip Energies, which has been acquired from TechnipFMC’s retained stake in the company.
Partners secure funds to drill Buffalo well this year
Carnarvon Petroleum is advancing its Buffalo oil field, offshore Timor-Leste, to drilling following a successful capital raise by partner Advance Energy.
Chart invests in Transform Materials for hydrogen production
Chart Industries has acquired 5 per cent ownership of Transform Materials, a U.S.-based technology company that uses microwave plasma to convert natural gas into acetylene and hydrogen.