Business & Finance
Excelerate Energy secures $350 million revolving credit
U.S.-based LNG specialist Excelerate Energy has entered into a senior secured revolving credit facility that enables it to borrow up to $350 million over a three-year term.
Chinese cable supplier hired for major ADNOC oil and gas projects
ZTT Submarine Cable & System has secured three oil and gas subsea cable supply projects with UAE’s National Petroleum Construction Company (NPCC), set to be delivered to the end-user Abu Dhabi National Oil Company (ADNOC). The scope of work includes the bespoke design, manufacture, testing, and deli
Global gas demand to go down in 2022 as Russia’s war in Ukraine disrupts markets
The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the IEA’s forecast for gas demand this year.
Kotug makes largest acquisition in its history to meet rising demand for OSVs
Dutch shipowner Kotug has entered into an agreement to acquire Seaways, an operator of offshore support vessels.
Eco deposits $20 million to fund high-impact well off South Africa
After making its capex contribution, Eco is on track to start drilling an exploration well in Block 2B, offshore South Africa, by October.
North Sea operators renew agreements for exporting oil to Flotta Terminal
Several North Sea fields partners have reaffirmed commitments to export the oil produced from their fields to Repsol Sinopec’s Flotta Terminal.
Dutch govt accelerating sustainable inland shipping
The Nationaal Groeifonds, an initiative of the Dutch Ministries of Economic Affairs & Climate Change and Finance, is investing in Zero Emission Services (ZES) to speed up the implementation of ZES’ system solution for inland shipping.
All approvals ready for Australian well drilling to kick off next month
With all regulatory and environmental approvals in place, SapuraOMV is preparing to drill the Kanga-1 well offshore Western Australia.
NKT begins export cable installation activities at Dogger Bank A
NKT’s 140-meter long cable-laying vessel (CLV) NKT Victoria has commenced export cable installation activities at the Dogger Bank A offshore wind project in the UK. The work started on 17 April and will be performed on a continuous basis in two campaigns until approximately 2 June. The first campaig
India’s Aban Offshore sells four jack-up rigs to UAE player
India’s Aban Offshore has entered into an agreement with the UAE-based operator ADES for the sale of four of its jack-up drilling rigs.
Impact Subsea unveils third generation of seaView software
Impact Subsea has launched the third generation of seaView software to support its range of altimeters, attitude and heading reference systems, depth sensors and sonars. V3 allows a single or multiple Impact Subsea sensors to operate simultaneously from a single application, the UK company said. Thi
Operator looking to decarbonise new North Sea project with floating wind
A proposed development concept for a new North Sea project has received approval from the UK’s offshore regulator.
Norwegian player seeks operatorship as MOL Norge offloads two North Sea discoveries
Following an agreement with Hungary’s MOL, Norway’s Lime Petroleum will expand its North Sea portfolio with more acreage.
In focus: Americas take the offshore energy helm
The industry has been evidently hitting the pause button ahead of Easter. However, it seems like one part of the world still keeps going without slowing down. The Americas took the spotlight this week in offshore energy news headlines, with Canada and the U.S. steering the wheel.