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Island Wellserver working on well intervention for Equinor
Business & Finance

Equinor gets consent for use of well intervention vessel

Equinor has received consent from the country’s offshore safety agency for the use of the Island Wellserver vessel for well intervention.

about 5 years ago
CSSC
Business & Finance

CSSC Shipping pens sale and leaseback deal for Kamsarmax newbuilding quartet

CSSC (Hong Kong) Shipping Company Limited, a leasing company of China State Shipbuilding Corporation, and Minjun Shipping, wholly-owned by China Minsheng, have entered into a $133 million sale and leaseback deal for four 85,000-DWT bulk carriers. The agreement includes an estimated lease interest of

about 5 years ago
Ever Forever
Business & Finance

Evergreen Marine in talks to sell and leaseback 24,000 TEU pair

Taiwanese container shipping company Evergreen Marine has launched negotiations with an unnamed counterparty to sell and leaseback two 24,000 TEU containerships. As disclosed, the deal would be carried out through Evergreen’s subsidiary Greencompass Marine S.A. (GMS). “We will make further disclosur

about 5 years ago
BW Offshore's Abo FPSO operating for Eni in Nigeria
Business & Finance

Eni awards another extension to BW FPSO in Nigeria

FPSO operator BW Offshore has been awarded a contract extension for its Abo FPSO from Eni for operations on a field located offshore Nigeria.

about 5 years ago
The North Ras Kanayis Offshore block in Egypt
Business & Finance

Total enters new block offshore Egypt

An international consortium led by Total and EGAS have signed an exploration and production agreement a block located offshore Egypt

about 5 years ago
Pacific Drilling drillships; Source: Pacific Drilling
Business & Finance

Pacific Drilling emerges from bankruptcy

Offshore drilling contractor Pacific Drilling has completed its balance-sheet restructuring and has emerged from the Chapter 11 process.

about 5 years ago
Maersk Inspirer rig was installed on the Yme field
Business & Finance

Yme project moves into hook-up phase following rig installation

Repsol has moved into the hook-up phase of the Yme development project located offshore Norway following the installation of a jack-up rig on the field.

about 5 years ago
Illustration; Source: Exxon
Business & Finance

Exxon to write off up to $20B of assets despite 4Q gains

Oil major ExxonMobil has stated that it would have to write down assets up to $20 billion regardless of higher oil and gas prices and improved chemical margins.

about 5 years ago
Illustration; Source: SSE
Business & Finance

SSE sheds North Sea fields to focus on renewables

Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production assets to Viaro Energy

about 5 years ago
Crystal Endeavor leaving covered shipyard facility
Business & Finance

Genting Hong Kong scraps sale and leaseback deal for Crystal Endeavor

Cruise operator Genting Hong Kong has terminated the agreement with SNC Endeavor Leasing for the sale and leaseback of the cruise ship vessel Crystal Endeavor being built by MV Werften Wismar GmbH. The consideration payable by SNC Endeavor Leasing, an investment company owned by Crédit Agricole grou

about 5 years ago
Illustration; Source: Edison
Business & Finance

Edison sells Norwegian subsidiary to Sval Energi

Italian energy player Edison has sold its wholly-owned Norwegian subsidiary Edison Norge, the company that controls the group’s hydrocarbon exploration and production activities in Norway, to Sval Energi.

about 5 years ago
STI
Business & Finance

STI to extend concession, invest over $44m in Port of San Antonio

Chilean port operator San Antonio Terminal Internacional (STI) has concluded negotiations and agreed on a new investment plan with Puerto San Antonio (Port of San Antonio) that, once complete, will extend the concession for five more years.

about 5 years ago
Fincanatieri
Business & Finance

Fincantieri gets one-month extension for Chantiers de l’Atlantique takeover

Italian shipbuilding major Fincantieri has received a one-month extension for its planned acquisition of the French counterpart Chantiers de l’Atlantique, Reuters reported citing a statement from the French Ministry of Finance. According to the report, Fincantieri accepted the offer. The proposal is

about 5 years ago
Bulker
Business & Finance

Castor Maritime secures financing for bulker duo

Cyprus-based bulker owner Castor Marine has won financing for two of its dry bulkers worth $15 million from an unnamed European financial institution. The company also received a notification letter from the Nasdaq Stock Market granting the company an additional 180-day extension, or until June 28,

about 5 years ago
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