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Illustration; Source: Rex International Holding

Business & Finance

Singaporean player bringing Norwegian and African offshore oil & gas assets under one roof

Rex International Investments has signed a deal with two partners to combine offshore portfolios of two affiliates into a new joint venture.

about 2 years ago

FPSO Energean Power works at the Karish field offshore Israel; Source: Energean

Business & Finance

Energean bids farewell to Egypt, Italy, and Croatia as assets fetch $945 million

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Energean has set the divestment of its portfolio in Egypt, Italy, and Croatia in motion for an enterprise value (EV) of up to $945 million.

about 2 years ago

Business & Finance

Fifteen green ship projects get $113.5M in Enova support

A total of fifteen green ship projects will receive NOK 1.2 billion (about $113.5 million) in support from Enova, a Norwegian government enterprise, in the latest round of the country’s investments in decarbonizing maritime transport.

about 2 years ago

Business & Finance

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the

about 2 years ago

Business & Finance

UK player strikes a bargain with Seatrium over yearslong rig arbitration saga

Seatrium has come to an understanding with Awilco Drilling regarding the settlement of two arbitration cases related to rig termination deals.

about 2 years ago

Business & Finance

US judge dismisses ExxonMobil’s lawsuit against climate activist shareholder as moot

A federal judge has ruled that ExxonMobil no longer has a leg to stand on concerning its legal action against Arjuna Capital, given the climate activist investor’s withdrawal of emission reduction-related shareholder proposal and reassurance it will not be put forward again.

about 2 years ago

Business & Finance

Peter Döhle Schiffahrts books methanol-ready containerships at Chinese shipyard

Peter Döhle Schiffahrt has ordered four 14,000 TEU methanol-fueled containerships at China’s Hudong-Zhonghua Shipbuilding.

about 2 years ago

Business & Finance

Bermuda-based player gives Oslo stock exchange a go

Paratus Energy has shared its intention to list shares on Euronext Growth Oslo, followed by a planned uplisting to the Oslo Stock Exchange.

about 2 years ago

Sune Scheller, Greenpeace's Campaign Manager, participated in three of the protests covered by the lawsuit, including the action related to the SCF Baltica oil tanker on March 19, 2022; Credit: Will R

Business & Finance

Denmark challenges Greenpeace to a fight in court over protests hindering transit of Russian oil

Greenpeace is facing legal action in Denmark, which the Danish state set in motion in a crackdown on protests the group embarked on in 2022.

about 2 years ago

Business & Finance

Prysmian gives out €35M contract to expand submarine cable plant in Finland

Italian cabling giant Prysmian Group has awarded Finnish construction and development company YIT with a contract to build warehouse facilities at the production site for submarine cables in Kirkkonummi, Finland. Under the contract valued at approximately €35 million, YIT is in charge of the expansi

about 2 years ago

Woodfibre LNG will move its floatel workcamp from Nanaimo to Howe Sound site, and will comply with a B.C. Environmental Assessment Office order to house non-local workers on it; Source: Woodfibre LNG

Business & Finance

Floatel on the move to house 650-strong workforce for Canada’s $5.1 billion LNG project

A floatel will be transferred to the site of a 2.1 million-tonne-per-year LNG export project with 250,000 m3 of floating storage capacity being built in British Columbia, Canada, which is said to be the world’s first net zero LNG export facility.

about 2 years ago

Business & Finance

Dutch thermoplastic composite pipe producer welcomes €20M investment to boost growth

SENCO Hydrogen Capital, a private equity firm focusing on investments across the hydrogen and energy-in-transition value chain, has invested €20 million in Dutch manufacturer of innovative pipeline technology Strohm to boost the company’s growth trajectory. Made shortly after the first closing of SE

about 2 years ago

The Morlais landfall substation. Photo Credit: Menter Môn.

Business & Finance

Inyanga Marine and Verdant Morlais to work on 4.9 MW tidal stream energy project in Wales

Inyanga Marine Energy Group and Verdant Morlais Ltd (VML) have inked a memorandum of understanding (MoU) to deliver a 4.9 MW tidal stream energy project at Morlais in Wales.

about 2 years ago

Business & Finance

More LNG coming to Philippines next month

First Gen has awarded a contract to a Tokyo Gas subsidiary for an LNG shipment, which is expected to enhance the country’s energy security.

about 2 years ago