Business & Finance
CWind done at East Anglia One for this year
CWind has completed this year’s campaign at the East Anglia One offshore wind farm in the UK. Last year, CWind secured a multi-year contract to provide below water services, including subsea inspections of the jackets and offshore substation, corrective maintenance, as well as pre-engineering studie
Global Tech I offshore wind farm refinances non-recourse debt
Global Tech I has refinanced its non-recourse debt, according to Green Giraffe, which acted as a financial advisor to Global Tech I and its sponsors. The refinancing, for which the transaction closed on 2 November, gathered a large sponsor group, led by SWM Stadtwerke München, Axpo Group and ENTEGA
Rystad: Biden win could benefit short-term oil demand, but Trump win could be the most bullish outcome
Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed.
Ørsted issues second green bond in Taiwan
Ørsted has issued its second TWD denominated green bond in Taiwan to raise financing for its continuing investments in the Greater Changhua 1 & 2a offshore wind project. The new unsecured green senior bonds comprise a 7-year TWD 4 billion fixed-rate tranche, a 10-year TWD 3 billion fixed-rate tranch
Pacific Drilling to delist from NYSE following Chapter 11 filing
Trading of Pacific Drilling’s shares on the NYSE has been suspended and the contractor is facing delisting following its Chapter 11 filing last week.
Santos inks new domestic gas deal
Australian LNG player Santos has signed a new deal for the supply of natural gas to the domestic market.
Nigerian operator produces first oil from shallow-water project
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO.
Excelerate completes fleet transfer to technical management unit
Provider of floating storage and regasification units (FSRUs) Excelerate Energy has transitioned its entire fleet of FSRUs to one of its subsidiaries.
Baker Hughes in energy transition push with 3C buy
Oilfield services player Baker Hughes is acquiring a pioneering technology development company Compact Carbon Capture (3C). The agreement includes all intellectual property, personnel and commercial agreements. With this move Baker Hughes aims to provide solutions for carbon-intensive industries, in
Oil & gas production in Gulf of Mexico coming back online after hurricane
Oil and gas operators in the U.S. Gulf of Mexico are returning to their offshore facilities following Hurricane Zeta, which at its highest point closed up to 85 per cent of oil and 58 per cent of gas production from the Gulf.
Dana adds more oil to Triton FPSO with new North Sea well
Dana Petroleum has started production from a new well on the Bittern field located offshore the UK. The well is tied back to Dana’s Triton FPSO.
Equinor gathers public feedback for UK offshore wind extensions
Equinor has published the summary reports from the first phase of community consultations for the extensions of the Sheringham Shoal and Dudgeon offshore wind farms in the UK. As part of the development process, early-stage proposals were presented locally and online for feedback from the community
Petrofac closes sale of Mexican operations but plans legal action against Perenco
Petrofac has completed the disposal of its non-core assets in Mexico to Perenco, but the two companies have also entered into a dispute.
Transocean books third quarter profit
Transocean booked a profit in the third quarter of 2020 backed by a gain on restructuring and retirement of debt, offset by a loss on disposal of assets.