Business & Finance
Safe Bulkers invests in another eco-efficient newbuild
Monaco-based bulker owner Safe Bulkers has acquired a Japanese-built Post-Panamax class, 87,000 dwt, eco-efficient newbuild vessel. The vessel is designed to meet the latest requirements of Energy Efficiency Design Index related to greenhouse gas, EEDI, Phase 3. Once delivered in the third quarter o
Shell to write down oil and gas assets value by as much as $4.5 billion
Oil major Shell said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.
Hydrogen ship project wins Enova funding
A project to construct the world’s first zero-emission hydrogen vessels has been awarded NOK 219 million ($25 million) by the Norwegian government-owned organization Enova.
Shell taps Aker Solutions for work on Ormen Lange Phase 3
Norwegian engineering firm Aker Solutions has been awarded a letter of intent from oil major Shell for the Ormen Lange Phase 3 onshore project.
MHWirth to deliver drilling equipment for Chinese drillship
Drilling solutions provider MHWirth has received an order to deliver a drilling equipment package for a Chinese drillship.
Standard Drilling finds new work for supply vessels
Standard Drilling has secured more work for its platform supply vessels. The vessel utilization for its PSVs totalled 74 per cent in October and November.
Windcat Workboats changing hands
SEACOR Marine has entered into an agreement with Compagnie Maritime Belge (CMB) to sell its wholly-owned subsidiary Windcat Workboats and its crew transfer vessel (CTV) business. As consideration for the sale, at the closing of the transaction, CMB will pay SEACOR Marine £32.8 million, and assume th
Shearwater GeoServices signs $437M debt refinancing
Shearwater GeoServices has signed new debt and guarantee facilities totalling $437 million, as part of the planned refinancing of the company’s maturing debt.
Equinor cleared to use Odfjell rig in North Sea
Equinor has received consent from the country’s offshore safety watchdog to use the Deepsea Atlantic rig on a well in the North Sea off Norway.
Wintershall Dea extends Odfjell deal by four years
Wintershall Dea has exercised two options in a platform drilling services contract with Odfjell Drilling on the Brage platform off Norway.
CIP invests in 250 MW floating wind farm in Italy
Copenhagen Infrastructure Partners (CIP) has invested in the development company 7 Seas Med, which has been developing a 250 MW floating wind project off the coast of Italy, in the Sicily Strait. CIP, Nice Technology and 7 Seas Wind Power have joined forces to develop the wind farm, for which 7 Seas
Iberdrola enters Polish offshore wind market
Iberdrola has reached an agreement to acquire a 50% stake in Sea Wind, marking the company’s entry into the Polish offshore wind market. Sea Wind is said to have a seven-project pipeline in the early stages of development that has a potential capacity of up to 7.3 GW. According to Iberdrola, Sea Win
Wind Orca getting new crane from NOV
Cadeler, formerly known as Swire Blue Ocean (SBO), has contracted NOV to replace the crane on its jack-up vessel Wind Orca. The contract also includes the option for NOV to replace the crane on the jack-up vessel Wind Osprey. Replacement of the crane on Wind Orca is expected to begin in October 2023
Odfjell rig adds two more Equinor wells to backlog
Offshore drilling contractor Odfjell Drilling has secured more work for its Deepsea Atlantic drilling rig with Equinor for operations in Norway.