Business & Finance
Standard Drilling sells vessel for $10.3 million
Offshore vessel operator S.D. Standard Drilling has sold one of its large-sized platform supply vessels (PSVs) for $10.3 million.
IOG frustrated over another delay in spudding North Sea well
IOG is frustrated over further delay in spudding the first development well on the Southwark field in the UK North Sea.
Eco Wave Power appoints new certified adviser
Swedish-Israeli wave energy developer Eco Wave Power has selected Vastor Securities as a certified adviser for the company.
Greenyield Shipping to finance 4 ships with $35.5M from CIT
CIT Group’s Maritime Finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping, the American bank holding company said.
Rockhopper in high hopes after Italy’s arbitration objections get rejected again
Rockhopper Exploration remains hopeful about the resolution of its arbitration against Italy over the Ombrina Mare field in the Adriatic Sea.
Borr gets closer to refinancing following successful equity offering of $30 million
Borr Drilling has completed an equity offering of $30 million, which has brought it closer to implementing its refinancing strategy.
Aker BP secures drilling permit for North Sea well trio
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for three wells in the North Sea offshore Norway.
Boosting production from ageing wells and oil & gas discoveries to propel growth in well intervention market
Fortune Business Insights expects global well intervention market growth to be driven by initiatives to boost production from ageing wells and oil and gas discoveries.
Offshore watchdog spots 18 irregularities on Transocean rig
The Petroleum Safety Authority has issued an order to Transocean after discovering a total of eighteen irregularities on one of its rigs.
CCS market to reach $7 bln by 2028 bolstered by increased investments, Fortune Business Insight says
Fortune Business Insights expects the CCS market to grow to $7 bln by 2028 aided by rising investments in the energy transition initiatives.
Harbour Energy hires Havila vessel for ops offshore UK
Havila Shipping has secured a new contract for one of its platform supply vessels (PSVs) with Harbour Energy for operations in the UK.
Höegh LNG Partners updates on FSRU Lampung refinancing
Bermuda-based Höegh LNG Partners has completed a refinancing of the commercial tranche of its PGN FSRU Lampung debt facility and the refinancing of the Neptune debt facility.
Plans are in motion to electrify giant North Sea oil & gas field with floating wind farm
CNOOC Petroleum and Flotation Energy are working on a project, which would see one of the UK’s largest oil and gas assets electrified with power from a floating offshore wind farm.
Odfjell Drilling replaces Seadrill as rig manager for Northern Ocean
Offshore drilling contractor Northern Ocean has reached an agreement with Odfjell Drilling for the management of two of its rigs.