Japan’s Inpex said on Tuesday it has completed previously launched refinancing of part of the funding for its Ichthys liquefied natural gas export project in Australia. The refinancing deal includes a portion of the project finance loans arranged in 2012 with export credit agencies and commercial ba
Mediterranean Shipping Company (MSC) has partnered with a climate solutions provider South Pole to develop the MSC Carbon Neutral Programme. The deal comes on the back of a similar program implemented in 2019 in selected countries, which is now being extended worldwide throughout 2020. Under the pro
Offshore helicopter operator NHV Group has won an extension with Ithaca Energy to provide aviation services to the oil company’s several fields in the Scottish part of the North Sea.
The African Energy Chamber (AEC), a chamber of networks, transactions, and partnerships at the forefront of Africa’s growing energy industries, has urged member countries of the African Petroleum Producers Organization (APPO) to take action and support the oil sector at its meeting this week.
Oil giant BP is expecting massive reductions to asset values during the second quarter of 2020 as a result of the combined hit of the oil price plunge and the COVID-19 pandemic.
Saudi Arabian oil and gas giant Saudi Aramco has suspended its contract for the Shelf Drilling-owned High Island IV jack-up rig.
London-based firm Silverstream Technologies is in the final stages of securing deals to supply an additional 15 ships with its micro-bubbles system that cuts fuel consumption. The Silverstream® System, a type of Air Lubrication System (ALS), pumps tiny bubbles through vents on the hull to reduce fri
Russia’s Sakhalin Energy has closed only one LNG train at the Gazprom-operated Sakhalin-2 facility for planned maintenance due to challenges associated with the Covid-19 coronavirus pandemic. The maintenance also includes the Lunskoye-A offshore platform that produces the majority of the gas for the
The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for two wildcat wells in the North Sea off Norway.
Ampelmann has secured a contract from Royal Niestern Sander for the sale of a winterised A-type motion compensated gangway system.
Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, according to Rystad.
The Offshore Industry Group is urging the UK Government to exempt all offshore energy sector workers from the recently introduced 14-day quarantine restrictions. The group, comprising IADC, IAGC, IMCA, IOGP and ISOA, is calling upon governments to recognize offshore energy sector workers as “key wor
Offshore helicopter operators Bristow and Era have completed the merger of the two companies and created a financially stronger, larger, and more diverse company.
Solstad Offshore has been awarded contracts for two platform supply vessels by an unnamed North Sea operator.
