News
Bibby Wavemaster 1 Taking Shape, Launch Planned for Spring
Damen Shipyards Galati has completed the bow of Bibby Wavemaster 1, the first ever Damen Service Operations Vessel (SOV) ordered by Bibby Marine Services, and moved it from the covered shed to alongside the quay from where the SOV will be launched. The vessel is being built in two main sections. The
Bibby Wavemaster 1 Taking Shape, Launch Planned for Spring
Damen Shipyards Galati has completed the bow of Bibby Wavemaster 1, the first ever Damen Service Operations Vessel (SOV) ordered by Bibby Marine Services, and moved it from the covered shed to alongside the quay from where the SOV will be launched. The vessel is being built in two main sections. The
Boskalis selling down Fugro holding ‘in steps’
Dutch offshore services firm Boskalis has once again reduced its holding in Fugro, a provider of integrated geotechnical, survey, subsea, and geoscience services. Boskalis now has 9.38 percent interest in the compatriot company. Boskalis had been gradually increasing its ownership in Fugro over the
Gazprom secures €800 mln loan
Russia’s Gazprom on Monday signed a four-year €800 million (Approx: US$849.1 million) facility agreement with Japan’s Mizuho Bank and Sumitomo Mitsui Banking Corporation and U.S.-based JPMorgan Chase bank.
Banks provide $850M credit to Gazprom
Russian gas company Gazprom has received a credit facility of 800 million euros (approx. $848.8M) from a consortium of three banks. The Russian company signed the four-year facility agreement with Japan’s Mizuho Bank and Sumitomo Mitsui Banking Corporation (SMBC), and U.S.-based JPMorgan Chase Bank
Novatek’s Yamal LNG loans 750 mln euros from Intesa
Novatek’s giant Yamal LNG project in the Russian Arctic has secured a 14.5-year credit line worth 750 million euros ($795.6 million) with the Intesa Sanpaolo bank. The loan pays an annual interest rate of 6-month EURIBOR plus 2.5 percent, with insurance covered by the Italian export credit agency SA
SFF Recognised for Helping Fishermen to Diversify into Offshore Wind
The Scottish Fishermen’s Federation (SFF) has won a Scottish Green Energy Award for its work in enabling the fishing fleet to diversify into the offshore wind sector. The SFF and Skills Development Scotland (SDS) were jointly nominated by Moray Offshore Renewables Ltd for the ‘Contribution to Skills
SFF Recognised for Helping Fishermen to Diversify into Offshore Wind
The Scottish Fishermen’s Federation (SFF) has won a Scottish Green Energy Award for its work in enabling the fishing fleet to diversify into the offshore wind sector. The SFF and Skills Development Scotland (SDS) were jointly nominated by Moray Offshore Renewables Ltd for the ‘Contribution to Skills
Non-OPEC nations agree to cut oil output
Following the recent agreement by OPEC members to cut production to stabilize oil prices, the cartel on Saturday held a meeting with a number of non-OPEC nations which have committed to cut their output as well. Oil price on Monday rose to highest level since mid-2015. Ministers from OPEC met with s
Atlantic takes operatorship of Orlando & Kells licenses
Faroese oil company Atlantic Petroleum has gained operatorship over two UK North Sea licenses, the Orlando and Kells. Atlantic requested to be named the operator of UK Licenses P.1606 and P.1607, the Orlando and Kells, at the end of November as the previous operator, Iona Energy, is currently under
Allseas set to sign major pipe laying deal
Swiss-based offshore contractor Allseas is on the verge of signing another major pipe laying deal, after securing the TurkStream pipeline deal last week. Apart from TurkStream work, Allseas has also signed a letter of intent to work on offshore pipelaying for the Nord Stream 2 Pipeline through the B
Glencore, Qatari fund ink deal to buy 20 pct of Rosneft
Russian oil firm Rosneft has officially signed a deal to sell a 19.5% stake to Qatar Investment Authority, one of the world largest sovereign funds and Glencore, a commodities producer and trader. The sale, of which Offshore Energy Today wrote last week, will see the consortium pay 10.2 billion euro
Delek Group: Leviathan field to start production by 2019
The Leviathan partners on Monday said that the natural gas from the Leviathan field will be produced by the end of 2019.
Popular news, December 5 – 11, 2016
Read the most popular offshore energy news of the week