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Business & Finance

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SBM Offshore's Fast4Ward FPSO design; Source: SBM Offshore
Business & Finance

SBM Offshore speeding up FPSO projects with new multi-purpose floater hull financing

SBM Offshore has secured a new multi-million revolving credit facility (RCF) for the financing of the construction of Fast4Ward multi-purpose floater (MPF) hulls.

about 2 years ago
Barossa concept; Source: Santos
Business & Finance

All-systems-go for drilling ops at giant gas project off Australia

Santos has received a stamp of approval for an environment plan (EP), covering development drilling activities at the Barossa gas field off the coast of Australia.

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about 2 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Aker BP keeping Odfjell Drilling rig busy until end of 2026

Odfjell Drilling has inked an amendment with Aker BP which enables the extension of the firm contract for a semi-submersible drilling rig hired for work on the Norwegian continental shelf (NCS).

about 2 years ago
Noble Integrator jack-up rig; Source: Noble Corporation
Business & Finance

All-systems-go for Harbour to drill North Sea prospect with Noble rig

Harbour Energy has received consent for exploration drilling in the North Sea, using one of Noble Corporation’s jack-up rigs.

about 2 years ago
Gunvor closes €400 million loan to secure LNG supplies for Italian industry
Business & Finance

Gunvor closes €400 million loan to secure LNG supplies for Italian industry

Geneva-based energy trading firm Gunvor Group has closed a €400 million loan to support the Italian industry by securing natural gas and LNG supplies while promoting the export of Italy’s goods and services. The five-year facility is guaranteed by SACE, the Italian Export Credit Agency (ECA), with U

about 2 years ago
Geert Schouten, Director of Shipbuilder; Source: Shipbuilder
Business & Finance

Shipbuilder: Cutting down construction risks for offshore vessels with digitalization

Shipbuilder’s director believes companies can avoid a big chunk of risks involved in vessel construction with digitalization.

about 2 years ago
Bluestream OEG
Business & Finance

UK’s OEG to buy Bluestream Offshore

OEG Energy Group (OEG) has signed a sale and purchase agreement (SPA) to acquire Dutch subsea and topside services specialist Bluestream Offshore. The acquisition is expected to increase OEG’s subsea and topside capabilities while expanding its operating footprint to be able to pursue further opport

about 2 years ago
JERA and Pertamina to collaborate on low-carbon fuels value chain
Business & Finance

JERA and Pertamina to collaborate on low-carbon fuels value chain

Japanese energy giant JERA and Indonesia’s largest state-owned oil and natural gas company Pertamina have signed a memorandum of understanding (MoU) to collaborate on business opportunities for infrastructure investment in low-carbon fuels such as LNG and hydrogen/ammonia. JERA and Pertmina announce

about 2 years ago
Out with financial bid criteria, in with unrestrained innovation in offshore wind
Business & Finance

Out with financial bid criteria, in with unrestrained innovation in offshore wind

A healthy market framework is necessary for offshore wind projects to be sustainable and future-proof, and changes to the tendering framework can help ensure that, Ireen Geerbex, Director Market Development the Netherlands at Vattenfall, said during this year’s Offshore Energy Exhibition and Confere

about 2 years ago
Illustration; Source: API
Business & Finance

US – natural gas love affair: Policymakers urged to acknowledge LNG’s ‘vital’ role in clinching global energy security and decarbonization

API is adamant that oil and gas will continue to be at the heart of energy security with LNG further entrenching its transition fuel label.

about 2 years ago
'Major' oil & gas OEM taps CRP Subsea for project in Angola
Business & Finance

‘Major’ oil & gas OEM taps CRP Subsea for project in Angola

England-based CRP Subsea has secured multiple contracts with a “major oil and gas original equipment manufacturer (OEM)” to deliver equipment for a deepwater project in Africa. CRP Subsea will deliver integral buoyancy modules, hold back clamps, Uraduct and bend stiffeners for the umbilical project

about 2 years ago
Fulmar platform; Source: Repsol
Business & Finance

UK regulator serves Repsol with highest fine to date amid GHG flaring and venting crackdown

The NSTA has given Repsol the highest fine issued so far for emitting GHG from three fields into the atmosphere without permission.

about 2 years ago
MOL
Business & Finance

MOL to issue world’s first blue bonds in shipping

Japanese shipping major Mitsui O.S.K. Lines (MOL) has decided to issue blue bonds through a public offering in Japan’s domestic market in January 2024.

about 2 years ago
European project demonstrates potential for significant reduction in tidal energy costs
Business & Finance

European project shows potential for significant reduction in tidal energy costs

A European project led by Scottish tidal energy developer Nova Innovation has demonstrated that the cost of tidal energy could potentially be reduced by as much as 40%. The €20 million EnFAIT (Enabling Future Arrays in Tidal) Horizon 2020 project brought together seven partners including Nova Innova

about 2 years ago