Business & Finance
Shawcor to provide pipe coating services for ExxonMobil’s Payara
Shawcor has entered into a detailed letter of intent with Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana.
GasLog Raises USD 98.4 Mn through Senior Unsecured Bonds
Net proceeds from the bonds will be used for general corporate purposes and prepayment of debt.
ORE Catapult Appoints Airlie to Its Board
UK’s Offshore Renewable Energy (ORE) Catapult has appointed Adrienne Airlie to its Board. Airlie joins ORE Catapult as a non-executive director after standing down as Martin Aitken & Co’s chief executive in 2018. She continues as a director of the firm. Commenting on the appointment, Chairman Colin
GoodFuels, BTG to Support Shipping’s Low Carbon Fuels Demand through Bio-Refinery
The parties would invest in a bio-refinery to produce an advanced marine biofuel based on pyrolysis oil.
WFS Technologies Lands Another Prize
Scottish firm WFS Technologies has scored a double award after being honoured with Economic Disruptor of the Year 2019 title for its pioneering work on subsea digitalisation. The just after the company won Oil & Gas UK’s Business Innovation accolade for its pioneering Seatooth technology. WFS techno
Company trio forms offshore vessel operating joint venture
Singapore-based offshore services provider Kim Heng Offshore & Marine has signed a joint venture agreement with Phillip Enterprise Fund and Phillip Ventures Enterprise Fund 5.
Cargill Extends Charter for Diana’s Bulker
Diana Shipping has extended a time charter contract with Cargill International for Medusa.
Tamarind administrators eyeing Tui drilling restart
Administrators of Tamarind’s New Zealand subsidiary have revealed they would be looking to continue the Tui drilling campaign in the Taranaki Basin.
Report: Sinopec Eyes 100 New Barges for LSFO Supply
Sinopec is to add 100 barges to its fleet to be able to supply IMO 2020 compliant marine fuel.
Shelf Drilling reports 3Q loss. Boosts contract backlog
Jack-up drilling company Shelf Drilling saw its third quarterly loss widen, however, the CEO is optimistic about upcoming rig contract beginnings.
New North Sea oil and gas company created by former Faroe boss intends to float
Longboat Energy, a new player created by the former management team of Faroe Petroleum, has announced its intention to proceed with an initial public offering to raise gross proceeds of up to £10 million.
Consortium Involving Brittany Ferries Buys Condor Ferries
Macquarie Infrastructure and Real Assets sold its 100% interest in Condor Ferries.
Arista Shipping Embarks on Smart Shipping Journey with ABS
The deal is seen as the first step for Arista along the road to smart shipping operations.
Impact Subsea Adds Geotech System as South Korean Agent
Impact Subsea has signed a distribution agreement with Geotech System in South Korea. Geotech System is a key supplier of equipment to the Civil Engineering, Ocean Research and the Offshore sectors within South Korea. Geotech System will provide users support for Impact Subsea sensors and systems in