Business & Finance
Valaris strikes new long-term deals with ARO Drilling
Offshore rig owner Valaris has been awarded new bareboat charter agreements with ARO Drilling for several jack-up rigs.
UK port investment surpasses £1B mark in 2021
UK port investment topped £1 billion (around $1.3 billion) in 2021 despite continuing pandemic volatility, new research published by the British Ports Association (BPA) shows.
DP World starts $1 bln port construction in Senegal
DP World, Dubai-based port operator, and the government of Senegal have laid the first stone to mark the construction of the new Port of Ndayane, the largest single private investment in the country’s history.
TeamSeas ocean-trash cleanup campaign raises $30M
TeamSeas reached its $30M goal in the final hours of New Year’s Day.
Suez Canal hits record $6.3bln revenue despite challenges in 2021
Suez Canal Authority (SCA) has achieved the highest annual revenue in its history of $6.3 billion and the largest annual net tonnage of 1.27 billion tons during 2021, the head of the SCA informed.
UAE’s NPCC lands $2.2 billion award with Saudi Aramco
Saudi oil and gas giant Saudi Aramco has awarded a contract for an offshore project to UAE’s NPCC worth around $2.2 billion.
Norwegian player expands North Sea footprint after closing Aker BP and Repsol deals
Lime Petroleum has increased its North Sea footprint by completing the deals signed with Aker BP and Repsol earlier in 2021.
New Magseis Fairfield chief geophysicist comes from Shell
Norway-based Magseis Fairfield has appointed former Shell manager Fons ten Kroode to the position of chief geophysicist, effective from 1 February. Ten Kroode, who is joining Magseis Fairfield after spending 30 years at Shell, will be based in the company’s headquarter at Lysaker. “I am pleased to w
Enauta keeping Brazilian gas field in its portfolio after all
Enauta will be keeping its interest in a gas field off Brazil as the conditions for the sale of its interest in the field have not been met.
Sound Energy wraps up LNG supply with Afriquia Gaz
Energy transition company Sound Energy has completed the previously announced LNG sale and purchase agreement with Moroccan LPG distributor Afriquia Gaz.
d’Amico inks first sustainability-linked loan
d’Amico International Shipping (DIS), a marine transportation company, has signed a contract for its first sustainability-linked loan as part of the refinancing of all debt maturing in 2022.
Yinson reveals fresh extension for FPSO in Vietnam
Yinson, through JV PTSC AP, has secured a contract extension for an FPSO, which will continue working offshore Vietnam.
‘Momentous milestone’ for QatarEnergy as contract for North Field expansion goes to McDermott
QatarEnergy has awarded a major EPCI contract for the offshore scope of its North Field Expansion Project to McDermott.
Equinor kicks off drilling operations in Norwegian Sea
Norwegian oil and gas player Equinor has started drilling an exploration well in the Norwegian Sea, using a semi-submersible rig.