Business & Finance
Two UK oil & gas players pondering merger
Kistos is contemplating making a possible cash and share offer for Serica Energy to create a “leading independent North Sea champion.”
Fincantieri inks €500M sustainability-linked loan to build cruise ships
Italian shipbuilder Fincantieri has signed a sustainability-linked revolving credit facility with compatriot bank Intesa Sanpaolo for a maximum amount of €500 million (around $505 million). According to Fincantieri, the three-year financing is aimed at covering the financial requirements of the cons
Spanish developer plans another floating wind farm in Italy
The western coast of Sardinia could see a floating wind farm of a little less than 500 MW being built by a Spain-based renewable energy developer, which is so far known to have submitted at least two applications for floating offshore wind projects in Italy. Following the recent news on Acciona’s ap
Euronav Frontline tie-up to capitalise on sustainable shipping opportunities
Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have entered into a definitive agreement to create a global independent tanker operator.
Ofgem approves Final Needs Case for Eastern HVDC subsea links
UK energy market regulator Ofgem has approved the Final Needs Case (FNC) for the proposed Eastern HVDC electricity transmission projects, conditional on the projects securing the necessary planning consent. National Grid Electricity Transmission (NGET), SP Transmission and Scottish Hydro Electric Tr
Rovco charters Vroon vessel for offshore wind campaigns
Rovco has signed an agreement with Vroon Offshore Services for the charter of offshore support vessel VOS Star for the delivery of its offshore wind projects. The 68-meter long DP2 multi-purpose support vessel will support Rovco’s offshore wind campaigns throughout 2022, including the provision of s
MOL Drybulk, Drax target reduced biomass shipping emissions with wind power tech
Japanese shipping company MOL Drybulk and the UK-based renewable energy company Drax Group have formed a partnership to reduce emissions and fuel costs associated with shipping biomass by deploying wind power technology on vessels. As part of their partnership, the companies plan to facilitate the d
North Sea firm to reinforce energy security by buying ‘one of the largest undeveloped fields in the UK North Sea’
Waldorf Production has inked a deal to buy the entire share capital of Alpha Petroleum from Shorelight Partners to bolster energy security.
Jack-up rig joins Saipem fleet ahead of five-year gig
A 400-ft jack-up drilling rig built by CIMC Raffles has joined the fleet of Italy’s contractor Saipem following a naming ceremony in China.
Fresh gas find for Aker BP in Norwegian Sea
Norwegian oil and gas company Aker BP has made a gas discovery off Norway near the Skarv field in the Norwegian Sea.
Shell’s subsea compression project off Norway to assist in keeping up gas supply to Europe
Shell has received approval from Norway’s authorities for a development plan for its gas subsea compression project in the Norwegian Sea.
With all approvals in the bag, Aker BP cleared to fast-track North Sea field development
Norway’s Ministry of Petroleum and Energy has approved a plan for the development and operation for Aker BP’s field in the North Sea.
Pre-construction survey scheduled for Wales-Ireland interconnector
A pre-construction survey for the Greenlink Interconnector, which will link Wales and Ireland, is set to commence in mid-July. The pre-construction survey is expected to be carried out between 16 July and 2 August, weather dependent. The work will be conducted by the GEOxyz-owned multi-disciplined s
Eidesvik vessel scores new long-term gig with Aker BP
Eidesvik Offshore has inked a new contract for one of its platform supply vessels (PSVs) with the Norwegian oil and gas company Aker BP.