Business & Finance
Woodside blocks Lukoil’s buy of Cairn’s Sangomar stake
Australian energy company Woodside has exercised its right to pre-empt the sale of Cairn’s entire participating interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture to Russia’s Lukoil.
Beach Energy, Diamond end Ocean Onyx dispute. New deal in place
Beach Energy has signed a new offshore drilling agreement with Diamond Offshore for the use of the Ocean Onyx semi-submersible drilling rig.
Petrobras and Libra partners sanction Mero 3 development
Brazilian firm Petrobras, along with its partners, has made an investment decision for the Mero 3 project in the Libra block, located 180 kilometres off the coast of Rio de Janeiro in the Santos Basin.
European Chamber of Commerce Taiwan signs offshore wind MOU with GWEC
The Global Wind Energy Council (GWEC) and the European Chamber of Commerce Taiwan (ECCT) have signed a Memorandum of Understanding (MOU) on joint activities to support offshore wind development in Taiwan. The organisations will focus on developing opportunities and areas for cooperation through join
Petrobras inks letter of intent with MISC Berhad for Mero 3 FPSO charter
Brazilian oil major Petrobras has signed a letter of intent with Malaysia International Shipping Corporation Berhad (MISC Berhad) for the chartering and provision of an FPSO to be installed at the Mero 3 development offshore Brazil.
Danske Commodities signs PPA for world’s largest offshore wind farm
Danske Commodities has signed a 15-year power purchase agreement (PPA) for the Dogger Bank offshore wind project in the UK. Under the agreement, Danske Commodities will be responsible for the trading and balancing of 480 MW of the project’s 3.6 GW capacity. “The Dogger Bank PPA is a great addition t
Australia’s Viva to start FEED work for Geelong FSRU project
Australia’s Viva Energy aims to start front-end engineering and design work on a planned LNG import terminal at its Geelong refinery by the end of this year. The downstream player announced earlier this year it plans to build the LNG import facility that includes installing an FSRU as part of its Ge
Tullow extends Maersk drillship charter despite cancellation notice
London-listed oil and gas company Tullow Oil has extended the contract with Danish offshore drilling contractor Maersk Drilling for the use of one of its drillships in Ghana, following previously announced the contract termination for the same rig.
EIT InnoEnergy warrant program in Minesto complete
A warrant program in Minesto aimed at the European investor EIT InnoEnergy has been completed. A total of 8,513,595 shares were subscribed for in Minesto through the warrant program. Through investments totaling EUR 5.5 million during the years 2015–2018, EIT InnoEnergy has received a total of 8,513
Woodside’s Karratha LNG plant to get gas from onshore field
Australia’s oldest LNG plant at Karratha, part of the Woodside-led North West Shelf project, is to get natural gas from an onshore field in the Perth Basin under a new deal revealed on Monday. The Karratha plant has been liquefying gas from fields located off the north-west coast of Australia for mo
Hapag-Lloyd’s profit rises despite lower volumes
Despite the negative effects of the COVID-19 pandemic, German container shipping company Hapag-Lloyd closed the first six months of this year with a profit.
Apollo buys into US Wind
Alternative investment manager Apollo has made a structured investment in the US-based offshore wind developer – US Wind Inc. Certain funds managed by Apollo Global Management’s affiliates have committed to invest, through convertible debt and equity, up to $ 265 million to acquire an equity stake i
KrisEnergy hires PV Drilling jack-up for Cambodia drilling
Singapore’s KrisEnergy has hired a jack-up drilling rig operated by PV Drilling for drilling operations offshore Cambodia.
Maersk drillship to restart Total operations after suspension
A Maersk Drilling-owned drillship is expected to restart operations in Africa for French oil major Total following a suspension of the contract, which started at the end of April.