Business & Finance
Vår Energi picks Equinor man for CEO role
Vår Energi has appointed Torger Rød as the company’s new CEO following the departure of Kristin Kragseth to lead the Norwegian state-owned Petoro.
Boskalis snaps up Rever Offshore’s subsea services unit
Dutch marine contractor Boskalis has acquired all the shares of Rever Offshore’s subsea services business. Rever, formally known as Bibby Offshore, provides solutions in the area of subsea construction, inspection, repair and maintenance. The company has historically operated in the North Sea out of
i3 Energy abandons ‘sub-commercial’ Liberator licence
i3 Energy has relinquished its UK North Sea licence which contains the Liberator field, after determining that its development would not be commercially viable.
Equinor gets consent for use of well intervention vessel
Equinor has received consent from the country’s offshore safety agency for the use of the Island Wellserver vessel for well intervention.
Pacific Drilling emerges from bankruptcy
Offshore drilling contractor Pacific Drilling has completed its balance-sheet restructuring and has emerged from the Chapter 11 process.
Yme project moves into hook-up phase following rig installation
Repsol has moved into the hook-up phase of the Yme development project located offshore Norway following the installation of a jack-up rig on the field.
SSE sheds North Sea fields to focus on renewables
Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production assets to Viaro Energy
Genting Hong Kong scraps sale and leaseback deal for Crystal Endeavor
Cruise operator Genting Hong Kong has terminated the agreement with SNC Endeavor Leasing for the sale and leaseback of the cruise ship vessel Crystal Endeavor being built by MV Werften Wismar GmbH. The consideration payable by SNC Endeavor Leasing, an investment company owned by Crédit Agricole grou
Edison sells Norwegian subsidiary to Sval Energi
Italian energy player Edison has sold its wholly-owned Norwegian subsidiary Edison Norge, the company that controls the group’s hydrocarbon exploration and production activities in Norway, to Sval Energi.
Fincantieri gets one-month extension for Chantiers de l’Atlantique takeover
Italian shipbuilding major Fincantieri has received a one-month extension for its planned acquisition of the French counterpart Chantiers de l’Atlantique, Reuters reported citing a statement from the French Ministry of Finance. According to the report, Fincantieri accepted the offer. The proposal is
Castor Maritime secures financing for bulker duo
Cyprus-based bulker owner Castor Marine has won financing for two of its dry bulkers worth $15 million from an unnamed European financial institution. The company also received a notification letter from the Nasdaq Stock Market granting the company an additional 180-day extension, or until June 28,
Polish utility enters offshore wind joint venture with EDP and Engie
Polish state-owned utility TAURON has signed an agreement with the joint venture of EDP Renováveis and Engie to cooperate on offshore wind projects in the Baltic Sea. Under the bilateral agreement, the plan is that TAURON acquires a 50% share in the joint venture, whose portfolio includes wind farm
Petrobras moves European commercial activities to Rotterdam
Brazilian oil major Petrobras has decided to transfer its commercial activities from London to the Port of Rotterdam in the Netherlands.
Energean to pay up to $405M for remaining stake in Israeli subsidiary
Oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30 per cent shareholding in Energean Israel, resulting in Energean owning a 100 per cent stake in the company.