Danish shipping company TORM has refinanced its existing facility with Danish Ship Finance with a new $150 million loan which includes a CO2 emission-linked pricing mechanism. The facility will postpone the debt maturity for eight vessels until 2027, providing the company with $12 million in liquidi
Eni has set up a joint venture company named Vårgrønn together with Norwegian energy investor HitecVision, with offshore wind being the first item on the to-do list of the newly established business in which the Italian oil & gas major holds a 69.6 per cent stake. Namely, Vårgrønn’s first step will
Argentina and Brazil are set to turn to additional LNG volumes in order to cover the demand gap expected in 2025.
Norwegian shipping and tank terminal company Odfjell SE has revealed plans to cut its greenhouse gas emissions by 50% by 2030 compared to 2008 levels and have a climate-neutral fleet from 2050. The targets exceed the objectives of the International Maritime Organization (IMO) of 40% CO2 emissions re
Piraeus-based LNG shipper GasLog has tightened its loss during the third quarter of 2020.
Australian oil and gas company FAR Limited has entered a sale and purchase agreement with India’s ONGC for FAR’s entire interest in the production sharing contract for the Rufisque, Sangomar, and Sangomar Deep Offshore Blocks offshore Senegal.
The U.S. Department of Energy (DOE) has announced the upcoming research and innovation funding opportunity for small businesses that are developing marine and hydrokinetic energy solutions.
Sparrows Group has secured a five-year contract with “a major UK Continental Shelf operator” to provide inspection services across its assets in the region.
Norwegian oil firm Equinor has awarded Baker Hughes, Halliburton, and Schlumberger contracts for drilling and well services on the Bacalhau field offshore Brazil.
Finnish shipbuilder Meyer Turku has decided to permanently lay off additional 84 people after closing the latest phase of talks with unions, pushing the total count of job cuts to 250. As Offshore Energy – Green Marine reported in August, the first phase of the employee cooperation negotiations (YT
Oil major ConocoPhillips has made a gas discovery southwest of the Skarv field in the Norwegian Sea.
Norwegian oil major Equinor has awarded NorSea Group, Saga Fjordbase, and ASCO contracts for services at supply bases in Norway.
Maersk Drilling has secured a contract from Brunei Shell Petroleum for the drillship Maersk Viking to drill one well offshore Brunei Darussalam.
Back-deck equipment specialist Maritime Developments MDL has opened a new global head office in Westhill, Aberdeenshire, Scotland. The cost-saving move merges two office-based teams previously spread between Aberdeen and Peterhead. This allowed the company to consolidate the costs associated with ru
