London-based independent E&P company Panoro Energy has received all necessary approvals allowing for the completion of its farm-in to the Kosmos Energy-operated Block S offshore Equatorial Guinea. Panoro has acquired a 6 per cent participating interest in Block S from each of Kosmos Energy and Tride
Malaysian shipping company MISC Berhad (MISC) has entered into a $527 million sustainability-linked loan for the financing of six very large ethane carriers (VLECs). MISC said that the loan was signed through the company’s Singapore-based subsidiaries and that Standard Chartered acted as structuring
Transocean has tucked under its belt new contracts and extensions in Norway and Australia for four rigs in its drilling fleet, raising its total contract backlog to $8.6 billion.
Wood Mackenzie outlines that upstream operators will focus on capital discipline and carbon mitigation in 2023.
Kongsberg has established a separate business area for its robotics and sensor technology called Kongsberg Discovery, designed to map and monitor ocean space. Sensors and Robotics, previously a division under Kongsberg Maritime, is now being separated and established as a separate business area. “Su
Norwegian company Havkraft has secured funding support to further advance its wave energy technology and projects.
Africa Finance Corporation (AFC) has acquired Norwegian oil and gas company Aker Energy and, through the transaction, has become an owner of a deepwater block offshore Ghana. Aker Capital and The Resource Group TRG have agreed to sell their shares in Aker Energy to AFC Equity Investment, a company o
Norway’s FPSO operator BW Offshore has completed the sale of an FPSO to a buyer, whose name was not revealed.
Kistos is entering into the Norwegian Continental Shelf, after reaching a conditional agreement to acquire Norway’s Mime Petroleum.
UK’s OEG Offshore has acquired compatriot Pelagian, a provider of consultancy, engineering and installation management services to the submarine cable and offshore renewable energy industries. With the acquisition, OEG stated it was better equipped to support the cable sector across different end ma
Even though Norway recorded an increase in oil production in all segments in March 2023, the gas production is below the NPD’s predictions.
Danish engineering company EIVA has launched a new remotely operated towed vehicle (ROTV) tailored for autonomous unmanned surface vehicle (USV) systems. The ViperFish ROTV is an all-in-one sensor platform for high-resolution data collection by USV, which is said to be able to survey hard-to-reach a
The European Parliament formally approved on Tuesday the new EU Emissions Trading System (ETS) law, earmarking around EUR 2 billion of the revenues of the Innovation Fund for the maritime sector. European Community Shipowners Association (ECSA) welcomed the move, saying that the deal will mark a tur
Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding & Offshore Engineering’s three affiliates, has secured an order worth KRW 120.6 billion ($92.8 million) to construct two product carriers for an unnamed Asian shipping company. The product carriers are set to be delivered to the undisclosed shi
