Business & Finance
Yme project moves into hook-up phase following rig installation
Repsol has moved into the hook-up phase of the Yme development project located offshore Norway following the installation of a jack-up rig on the field.
Exxon to write off up to $20B of assets despite 4Q gains
Oil major ExxonMobil has stated that it would have to write down assets up to $20 billion regardless of higher oil and gas prices and improved chemical margins.
SSE sheds North Sea fields to focus on renewables
Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production assets to Viaro Energy
Genting Hong Kong scraps sale and leaseback deal for Crystal Endeavor
Cruise operator Genting Hong Kong has terminated the agreement with SNC Endeavor Leasing for the sale and leaseback of the cruise ship vessel Crystal Endeavor being built by MV Werften Wismar GmbH. The consideration payable by SNC Endeavor Leasing, an investment company owned by Crédit Agricole grou
Edison sells Norwegian subsidiary to Sval Energi
Italian energy player Edison has sold its wholly-owned Norwegian subsidiary Edison Norge, the company that controls the group’s hydrocarbon exploration and production activities in Norway, to Sval Energi.
STI to extend concession, invest over $44m in Port of San Antonio
Chilean port operator San Antonio Terminal Internacional (STI) has concluded negotiations and agreed on a new investment plan with Puerto San Antonio (Port of San Antonio) that, once complete, will extend the concession for five more years.
Fincantieri gets one-month extension for Chantiers de l’Atlantique takeover
Italian shipbuilding major Fincantieri has received a one-month extension for its planned acquisition of the French counterpart Chantiers de l’Atlantique, Reuters reported citing a statement from the French Ministry of Finance. According to the report, Fincantieri accepted the offer. The proposal is
Castor Maritime secures financing for bulker duo
Cyprus-based bulker owner Castor Marine has won financing for two of its dry bulkers worth $15 million from an unnamed European financial institution. The company also received a notification letter from the Nasdaq Stock Market granting the company an additional 180-day extension, or until June 28,
DSME terminates deal for 6 containerships
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) revealed a contract termination for six containerships worth $711 million. The contract was won in December last year from an undisclosed owner from Africa. The containerships were scheduled for delivery by the end of October 2022. Accord
Polish utility enters offshore wind joint venture with EDP and Engie
Polish state-owned utility TAURON has signed an agreement with the joint venture of EDP Renováveis and Engie to cooperate on offshore wind projects in the Baltic Sea. Under the bilateral agreement, the plan is that TAURON acquires a 50% share in the joint venture, whose portfolio includes wind farm
Petrobras moves European commercial activities to Rotterdam
Brazilian oil major Petrobras has decided to transfer its commercial activities from London to the Port of Rotterdam in the Netherlands.
Kitty Hawk offshore wind farm’s O&M to create almost 1,000 jobs
The Kitty Hawk offshore wind farm can be expected to deliver substantial economic growth and employment to Virginia and North Carolina, according to the project’s economic impact study (EIS), with nearly 1,000 jobs to be created once the wind farm is operational. Along with the USD 2 billion in econ
Energean to pay up to $405M for remaining stake in Israeli subsidiary
Oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30 per cent shareholding in Energean Israel, resulting in Energean owning a 100 per cent stake in the company.
Vitol pays $45 million to Petrobras in corruption settlement
Brazilian state-run oil company Petrobras has received $44.65 million in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.