Business & Finance
Fincantieri teams up with Enel X to decarbonize ports
Italian shipbuilder Fincantieri and Enel X have signed a letter of intent to work together on building and running next-generation port infrastructure with a low environmental impact and developing electricity-powered solutions for ground logistics services. Enel X is the global business line of the
Floatel completes restructuring, cuts debt by $610 million
Offshore accommodation services provider Floatel International has completed its comprehensive balance sheet restructuring.
RWE greenlights £ 3 billion Sofia offshore wind farm
RWE has taken the financial investment decision on the 1.4 GW Sofia offshore wind farm project in the UK. The 100 per cent RWE-owned project represents a total investment of approximately £ 3 billion (€ 3.48 billion). The company is now poised to forge ahead with the construction of Sofia, with onsh
ICE launches two Spark Commodities’ based LNG freight futures contracts
Intercontinental Exchange said that the LNG freight futures contracts based on Spark Commodities’ price assessments which launched on March 22, traded on the first day.
Vår Energi to use Floatel Superior on Balder field
Norway’s Petroleum Safety Authority has given Vår Energi consent to use the Floatel Superior as a mobile quarters facility on the Balder field off Norway.
Damen and MO4 pair up for offshore wind vessel digitalization
Damen Shipyards Group has partnered with MO4 to pair its Triton monitoring platform with MO4 motion forecasting service for the offshore wind sector. This strategic alliance aims to offer data analytics-based services, expected to make vessel operations more effective and safety levels to increase.
Aker BP, Eni to explore Alvheim area resource potential
Aker BP UK, a subsidiary of Aker BP, has entered into an agreement with Eni to take over a 50% interest in a licence located in the greater Alvheim area.
3t Energy to manage training of Chrysaor’s entire UK workforce
3t Energy Group has secured a contract with Chrysaor to manage the training of its entire UK workforce using the latest digital learning technologies.
NHV inks offshore contract with PSE Kinsale Energy in Ireland
Offshore helicopter provider NHV Group has won a contract with PSE Kinsale Energy in support of its decommissioning operations in the Celtic Sea.
UK pledges not to leave oil & gas workers behind as landmark North Sea transition deal is agreed
The UK gov’t has pledged that oil & gas workers and the supply chain will not be left behind in transition to low carbon future as North Sea Transition Deal is agreed.
New Fortress lines up $1.5 bln share sale to fund Golar buy
New York City-based New Fortress Energy is lining up a $1.5 billion offering to fund its Golar LNG Partners acquisition.
Hyundai, KIC target $900 m worth of mergers and acquisitions
South Korean shipbuilding heavyweight Hyundai Heavy Industries Holdings Co. (HHIH) has signed a joint investment deal with compatriot wealth fund Korea Investment Corp. (KIC) worth KRW 1 trillion ( around $900 million). The two South Korean entities inked a preliminary agreement on the co-investment
Borr Drilling adding $48 million to contract backlog
Borr Drilling has entered into agreements potentially adding a total of $48 million over approximately 590 days to its contract backlog.
Santos awards Barossa FPSO deal to BW with $4.6bn firm value
Santos has awarded a contract for the construction, connection, and operation of an FPSO for the Barossa gas field project off Australia to BW Offshore.