Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding holding company of Hyundai Heavy Industries Group, has extended the deadline for the acquisition of shares in compatriot Daewoo Shipbuilding and Marine Engineering (DSME) amid regulatory delays. The mega-merger deadline has been extend
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa, has won a contract for one of its jack-up drilling rigs from an undisclosed client.
HSBC has issued a green trade finance facility raising $ 48 million (around € 40 million) for UAE-based Lamprell to support the company’s fabrication work for the Seagreen offshore wind farm in Scotland. The facility, for which HSBC was the sole arranger, is the first green guarantee in the Middle E
Hess Corporation has allocated the majority of its E&P budget for 2021 to Guyana developments and the Bakken with Guyana getting 41 per cent.
Dutch company Safeway and the UK-based Tyne Gangway have signed a cooperation agreement, which will see Tyne Gangway supporting Safeway in the Port of Tyne and the UK. The UK company, specialising in design and manufacturing of marine access systems, will provide the aluminium inner and outer boom a
Offshore drilling contractor Diamond Offshore has entered into a restructuring agreement to deleverage its balance sheet.
South Korean shipbuilder Hyundai Mipo Dockyard has signed a sales and supply contract for two petrochemical product carriers worth KRW 80 billion ($72.7 million). The European company behind the order was not identified. Hyundai Mipo said in a regulatory filing that the ships are scheduled for deliv
Oil and gas company Tullow Oil is starting drilling operations at its Goliathberg-Voltzberg North prospect (GVN-1) located in Block 47 offshore Suriname.
Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.
The European Investment Bank (EIB) has signed a financing agreement with Iberdrola to support the company’s two-year innovation, research and development strategy for renewables with €100 million. Iberdrola will use the funds for R&D in renewables, the production of green hydrogen and the developmen
A crowdfunding campaign for the construction of the Fécamp offshore wind farm in Normandy, France, has been launched on the Kiwaï platform for Normandy residents who wish to invest in the project. The crowdfunding campaign is aiming at a loan amount of EUR 750,000, with contributions ranging from a
MSC Shipmanagement Limited of Cyprus, a wholly-owned subsidiary of Mediterranean Shipping Company, has signed a Joint Development Agreement with Quadrise to trial MSAR, an enhanced emulsified synthetic heavy fuel oil (HFO), on commercial container vessels. The trial is set to commence in 2021 with s
Offshore drilling contractor Stena Drilling has signed a new drilling contract with Petrofac for operations in the UK using the Stena Don rig.
Oil major BP has drastically cut its fossil fuel exploration team in an attempt to keep up with the fast-moving revolution focused around renewables and climate change.
