Business & Finance
Höegh LNG Partners updates on FSRU Lampung refinancing
Bermuda-based Höegh LNG Partners has completed a refinancing of the commercial tranche of its PGN FSRU Lampung debt facility and the refinancing of the Neptune debt facility.
Sembcorp Marine’s subsidiary faces arbitration over allegations of breach and payment claims
Jurong Shipyard is facing arbitration under four separate contracts due to allegations of a breach of contract and payment claims.
Plans are in motion to electrify giant North Sea oil & gas field with floating wind farm
CNOOC Petroleum and Flotation Energy are working on a project, which would see one of the UK’s largest oil and gas assets electrified with power from a floating offshore wind farm.
Odfjell Drilling replaces Seadrill as rig manager for Northern Ocean
Offshore drilling contractor Northern Ocean has reached an agreement with Odfjell Drilling for the management of two of its rigs.
After leaving Jadestone, CFO to take the same role at Cooper Energy
Cooper Energy has revealed it will be getting a new CFO in the spring of next year by hiring the current CFO of Jadestone for the role.
Sevan’s cylindrical FPSO concept selected for Barents Sea project
Sevan SSP has revealed its concept was chosen for the Equinor-operated Wisting field development in the Barents Sea.
Port of Oakland step closer to zero emissions with new grant
Port of Oakland clean energy efforts are getting a $5.2 million boost from the US government.
U.S. gov’t awards $241M in grants for ports
The U.S. government has awarded more than $241 million in discretionary grant funding for 25 projects to improve port facilities in 19 states and one territory through the Maritime Administration’s (MARAD) Port Infrastructure Development Program (PIDP).
Oil & gas discoveries in 2021 to hit lowest level in 75 years, Rystad says
An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.
Port of Long Beach to make cargo movement more efficient with $52.3M grant
The Port of Long Beach has been awarded a $52.3 million grant from the U.S. Department of Transportation’s Maritime Administration (MARAD) to help fund the development of a new rail project.
Nauticus’ sea robots go public with SPAC merger
Nauticus Robotics, a Houston-based developer of cloud-based surface and subsea robots, and CleanTech Acquisition Corp. (CLAQ), a publicly-traded special purpose acquisition company (SPAC), have entered into a definitive business combination agreement that will result in Nauticus becoming a publicly
Eidesvik scores contract extension with Equinor
Eidesvik Offshore has secured a contract extension with the compatriot oil company, Equinor, for one of its platform supply vessels (PSVs).
U.S. offshore rig count comes to a halt
The number of offshore rigs in the U.S. has lost its upward traction and came to a stop, based on Baker Hughes’ weekly rig count report.
ExxonMobil kicks off drilling operations offshore Cyprus
Oil major ExxonMobil has started drilling the Glaucus-2 appraisal well located in Block 10 offshore Cyprus.