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Yamal LNG debt service guarantees removed
Business & Finance

Yamal LNG debt service guarantees removed

Russia’s largest independent natural gas producer Novatek has reached another milestone on its Yamal LNG project.

about 6 years ago
Thailand's Gulf Officially Takes 50 Per Cent Stake in German Offshore Wind Farm
Business & Finance

Thailand’s Gulf Officially Takes 50 Per Cent Stake in German Offshore Wind Farm

Thailand’s Gulf Energy Development Public Company Limited has officially taken over the 50 per cent stake in the Borkum Riffgrund 2 offshore wind farm from Global Infrastructure Partners. In July, Gulf acquired 50 per cent shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary G

about 6 years ago
Edvard Grieg platform; Source: Lundin Aker Solutions
Business & Finance

Aker Solutions nets Edvard Grieg electrification deal

Norwegian oilfield services provider Aker Solutions has signed an engineering, procurement, construction, and integration (EPCI) contract for a high-voltage electrical boiler package as part of the electrification of Lundin Energy’s Edvard Grieg platform.

about 6 years ago
Stena IceMax drillship
Business & Finance

Bahamas Petroleum sets new spud date as Stena picks rig for offshore well

Offshore drilling contractor Stena Drilling has nominated a drillship to drill an exploration well offshore The Bahamas for Bahamas Petroleum Company (BPC).

about 6 years ago
Blackstone completes $7 billion Cheniere partnership stake sale
Business & Finance

Blackstone completes $7 billion Cheniere partnership stake sale

Blackstone Group said on Thursday it has completed the sale of its 42% stake in Cheniere’s limited partnership to Brookfield Infrastructure and its own affiliated company. The $7 billion sale represents the culmination of Blackstone Energy Partners’ involvement with Cheniere, the US-based private eq

about 6 years ago
Illustration; Source: Hermitage
Business & Finance

NYSE suspends Hermitage stock from trading

Offshore vessel operator Hermitage Offshore Services, formerly known as Nordic American Offshore, has received notification from the New York Stock Exchange (NYSE) that its common stock was suspended from trading.

about 6 years ago
Apsara oil project; Source: KrisEnergy Cambodia
Business & Finance

KrisEnergy gets funding to bring Cambodia offshore project online

KrisEnergy has reached a loan deal with Kepinvest Singapore to assist the company with bringing the Apsara project off Cambodia online on schedule.

about 6 years ago
US OBBBA
Business & Finance

Sargeant Marine to pay $16.6M after pleading guilty to bribery schemes in South America

Sargeant Marine, an asphalt shipping company based in Boca Raton, Florida, pleaded guilty to bribery schemes in three South American countries and agreed to pay a criminal fine of $16.6 million to resolve the charges. The US Department of Justice said that between 2010 and 2018, the company paid mil

about 6 years ago
Fluxys Belgium posts H1 profit jump
Business & Finance

Fluxys Belgium posts H1 profit jump

Fluxys Belgium, the operator of the Zeebrugge LNG terminal on Wednesday reported a jump in profit for the first half of the year. Net profit rose from €31.4 million ($36.6 million) to €36.6 million ($42.7 million). Fluxys noted in its report that its turnover in the first six months rose €24.1 milli

about 6 years ago
China continues to boost LNG imports
Business & Finance

China continues to boost LNG imports

China, the world’s largest energy consumer, is continuing to post higher monthly LNG imports and reported a 16.3 percent year-on-year increase in August. LNG imports totalled 5.96 million tonnes last month, data from the General Administration of Customs showed. In the January-August period, the cou

about 6 years ago
Sapura Onix vessel
Business & Finance

Seadrill and Sapura targeted in Brazilian bribery probe

Offshore drilling contractor Seadrill and oilfield services provider Sapura Energy are being investigated by the police in relation to the Brazilian Car Wash corruption probe.

about 6 years ago
Beryl Alpha
Business & Finance

Archer wins four-year extension with Apache in North Sea

Archer has secured a four-year contract extension with Apache for the provision of platform drilling operations & maintenance services in the UK North Sea.

about 6 years ago
VIking Lady; Source: Eidesvik Offshore
Business & Finance

Eidesvik scores one-year extension for Viking Lady PSV

Offshore vessel operator Eidesvik Offshore has been awarded a contract extension for its Viking Lady platform supply vessel.

about 6 years ago
Germans-and-Scots-Set-Up-Offshore-Wind-and-Green-Hydrogen-Co-Op
Business & Finance

Germans and Scots set up offshore wind and green hydrogen co-op

German wind industry association WAB e.V. has signed a three-year cooperation agreement with Scottish partner DeepWind to collaborate for the expansion of offshore wind and the development of a market for green hydrogen from wind energy. WAB and DeepWind plan to exchange and analyze information, exp

about 6 years ago
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