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FG raises N729bn bond to settle GenCos’ debts

The Federal Government has raised N728.979bn through the second issuance under its N4tn Power Sector Multi-Instrument Issuance Programme, bringing the value of bonds issued...

Saipem picks up $350 million subsea job offshore Angola

Italy’s engineering, drilling, and construction services company Saipem has won a roughly $350 million deal with Azule Energy, a joint venture between Italy’s Eni...

Shell and MET Group pen new multi-year US LNG supply deal

MET International, the trading and wholesale arm of Swiss-based integrated energy company MET Group, and UK-headquartered energy giant Shell have struck a long-term liquefied...

Saipem-Jan De Nul consortium joins Mozambique’s LNG project

A consortium of Saipem and Jan De Nul has signed a letter of intent (LoI) with ExxonMobil for a liquefied natural gas (LNG) development...

New Boskalis rock installation vessel starts work offshore Poland

Boskalis’s recently commissioned subsea rock installation vessel, the Windpiper, has placed the first rock on its maiden project, the Bałtyk 2 and Bałtyk 3 offshore wind...

Gennaker Offshore Wind Farm Reaches Financial Close

Skyborn Renewables has reached the financial close for the Gennaker offshore wind farm with over EUR 3 billion secured, advancing the largest offshore wind...

Flexport defeats Peloton’s $33.7m demurrage claim at FMC

A ruling by a US Federal Maritime Commission (FMC) Administrative Law Judge (ALJ) delivered a victory to digital freight forwarder Flexport by turning back...

Odfjell Drilling’s new rig busy until 2031 thanks to deal with Vår Energi

Odfjell Drilling has signed a letter of award (LOA) with VÃ¥r Energi for a 2019-built semi-submersible rig that it purchased at the end of...

Italy’s NextGeo to open office in Germany

Italy-headquartered offshore survey specialist Next Geosolutions (NextGeo) is expanding into Germany with a new office to open in Bremen.According to the company, Bremen’s position...

Norwegian PSV to continue current charter for additional 100 days

The 2015-built platform supply vessel (PSV) Energy Paradise, owned by Norwegian Golden Energy Offshore Services (GEOS), is set to continue working for Peterson Den...

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