Business & Finance
Petrobras kicks off production from Atapu field off Brazil
Petrobras has started the production of oil and natural gas from the shared deposit of Atapu located near the Búzios field offshore Brazil.
Petrobras gives Sete Brasil more time to fulfill settlement terms
Brazilian oil major Petrobras has prolonged the deadline for certain conditions of an agreement and settlement with Sete Brasil related to a charter of four and termination of contracts for 24 drilling rigs.
Offshore Wind Consultants coming to South Korea
Offshore Wind Consultants (OWC) is setting up an office in South Korea to support the local offshore wind market. “We continue our expansion into key emerging markets such as South Korea. We believe a local presence is central to leveraging our global expertise and providing the best possible local
Cobra strikes Kincardine green financing deal
Spain’s Cobra Instalaciones y Servicios has secured a £380 million green loan financing for the construction of the Kincardine floating wind farm offshore Scotland. The project comprises the construction of a 50 MW wind farm some 15 kilometres south-east of Aberdeen. Kincardine will consist of six t
Lukoil vice-chairman promoted to chairman role
Russian oil and gas company Lukoil has elected a new chairman of the company’s board of directors following the death of its long-time chairman.
GoodBulk in $200 million refinancing swoop
Owner and operator of dry bulk vessels GoodBulk is joining its industry peers in securing refinancing and reducing cash break-even levels. The company has received credit committee approval from its banks for a loan of $200 million to refinance the full amounts outstanding under five of its six exis
GALLERY: Shell’s Brent platform reaches UK port ahead of final dismantling
Following its recent removal from the UK North Sea, Shell’s oil and gas platform Brent Alpha has arrived at a decommissioning yard in the UK.
Cluff Natural Resources changes name to reflect ‘new era’
Cluff Natural Resources has changed its name to reflect its transition in the company’s main investments into a more operational phase.
NPD presents new management team
The Norwegian Petroleum Directorate (NPD) has presented the six directors that will make up its senior management team.
CSBC-DEME reaches FID for first Taiwan-built offshore wind installation vessel
CSBC-DEME Wind Engineering (CDWE) has reached the final investment decision (FID) for the construction of Green Jade, the first Taiwan-built floating heavy-lift offshore wind installation vessel. CDWE, a joint venture of DEME Offshore and Taiwanese shipbuilder CSBC, informed in April that it had ini
Petrobras appoints new board member
Brazilian state-owned oil company Petrobras has named a new member of its board of directors.
FAR inks new operating agreements for Gambian blocks with Petronas
FAR has signed new joint operating agreements for the A2 and A5 Blocks in The Gambia, with Petronas while efforts to find an additional partner to drill an exploration well are ongoing.
India’s May LNG imports rise slightly
India’s LNG imports in May increased by 0.5 per cent following a decline in April due to coronavirus lockdown restrictions. India started easing the restrictions, which halted economic activity and pushed down demand, in the second part of May and plans to end the lockdown on June 31. The country im
Aker BP gets licence to drill Norwegian Sea well duo
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for two wells located in the Norwegian Sea.