Business & Finance
U.S. energy bill wins over environmentalists but not oil & gas lobby
The new U.S. energy bill is celebrated by environmentalists but the oil & gas lobby sees it as a detriment to investment in fossil fuels.
TORM takes 75 pct stake in scrubber supplier
Danish tanker shipping company TORM has taken majority ownership in compatriot scrubber supplier ME Production (MEP). Namely, TORM has bought a 75% ownership stake in the company from the present owner and founder, Jens Peter Faldt, who will retain the remaining 25% ownership. The transaction builds
Petrobras selling partial stake in deepwater plays off Brazil
Petrobras has started the process for the sale of a partial interest in exploration assets in the Potiguar Basin offshore Brazil.
SFL splashes $222.5 mln on scrubber-fitted tanker quartet
Bermuda-based SFL Corporation has agreed to acquire four scrubber-fitted Suezmax tankers in combination with long-term time charters to a subsidiary of Koch Industries industrial conglomerate. The vessels are built in 2015 and 2020, respectively, and all four have modern eco-design features. The agg
New floating production unit ready to be towed for installation off Indonesia
Chinese yard has finished building an FPU to ABS Class for the revamped development of a cluster of satellite fields off Indonesia.
Wallenius Wilhelmsen lands $800 mln in sustainability-linked loans
Oslo-listed shipping company Wallenius Wilhelmsen has secured $800 million of new loans secured by 20 vessels. The flagship facilities consist of two new financing agreements, with tenors ranging from 5.5 to 6.5 years, and were signed with 11 banks on June 30th. On August 15th, $670 million was draw
Two-week output suspension for BP’s Shah Deniz platform
BP has started a planned maintenance programme on the Shah Deniz Alpha platform and Shah Deniz 1 facilities inside the Sangachal Terminal in Azerbaijan.
Regulatory order for Saipem over barrier and maintenance management on rig
The Norwegian offshore safety regulator followed up an audit of Saipem’s rig with an order to the offshore drilling contractor.
Solstad vessels secure gigs in Norway and Brazil
Solstad Offshore has secured a contract extension for one of its AHTS vessels in Norway and a new assignment for another one in Brazil.
Sanctions-induced setbacks in sourcing goods sour Russia-Iran $40 bln deal, says Rystad
Sanctions imposed on Iran and Russia will hamper the sourcing of goods for the development of Iranian offshore gas fields, says Rystad.
Brazilian field goes offline due to inert gas line
PRIO, formerly known as PetroRio, has temporarily stopped production at a field within the Northern Campos Basin off the coast of Brazil.
Petrobras orders giant FPSO from Keppel
Brazilian oil and gas company Petrobras has awarded a contract to Keppel Shipyard for the construction of an FPSO.
Norwegian player to take over new operatorship in North Sea
Vår Energi has set the wheels into motion to take over new operatorship in the Balder area thanks to deals for two licences in the North Sea.
UK trade body calls on govt to prioritise domestic energy production
As sanctions lead to supply and price shocks, Offshore Energies UK has urged the UK government to prioritise domestic energy production.