Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector, the subsea connection between Wales and Ireland in exchange for a stake in the scheme.To-date, Greenlink has been developed by Element Power…
The Carbon Trust's Offshore Wind Accelerator (OWA) issued a Request for Information (RFI) on the potential to reduce emissions and fuel consumption in offshore vessels. OWA plans to start a new industry competition next month.The RFI is the…
Parties say transaction could close on or about November 15, 2018.Offshore services providers Tidewater and GulfMark Offshore announced today the filing of the joint definitive proxy statement and prospectus with the U.S. Securities and Exchange…
Government invests $6.55 million to help the UK Hydrographic Office and partner bodies on Geospatial Commission maximize the value of location-based information.Location-based information or geospatial data, is an increasingly valuable tool for businesses and public-sector organisations…
Noble Energy has hired Ensco’s ENSCO DS-7 ultra deepwater drillship for its giant Leviathan field, offshore Israel. Image from Ensco. The agreement for the ENSCO DS-7 includes the drilling two wells…
Ensco and Atwood Oceanics have filed definitive proxy materials with the US Securities and Exchange Commission (SEC) for the proposed merger announced in late-May. Atwood Oceanics headquarters…
The U.S. Department of Justice (DoJ) has closed its investigation into Vantage Drilling International over Vantage’s possible violations of the Foreign Corrupt Practices Act. DoJ in a letter acknowledged Vantage’s full cooperation into the investigation…
Cantium has taken over US supermajor Chevron’s Bay Marchand and Main Pass assets in the Gulf of Mexico. The takeover includes five fields located on the Gulf of Mexico’s Outer Continental Shelf (OCS) and in Louisiana state waters…
Baker Hughes stockholders voted 99% to approve its merger with GE Oil & Gas, the company announced today (30 June). The company says that shares voted at the meeting represent approximately 86% of Baker Hughes' shares outstanding as of the record date for the meeting…
Chevron reached its final investment decision (FID) for Mad Dog 2 in the Gulf of Mexico, paving the way for the BP-operated project to reach first oil in 2021. Illustration of Mad Dog 2, from BP…
Italy's Fincantieri has offered to buy out all the shares in shipbuilder Vard. Shipbuilding group Fincantieri, which is listed in Italy and is currently the majority shareholder in Vard, with 55.63% of shares, is offering S$0.24 a share in cash for Vard…
Mexico’s Petróleos Mexicanos (Pemex) is looking to turn its financial structure around in 2017 by placing, repurchasing, and exchanging bonds. Image from Pemex. Yesterday (3 October)…
Former chief executive of BG Group, Helge Lund, has been appointed as the new director to oil services giant Schlumberger’s board of directors, earlier this month. According to a filing to the US Securities & Exchange Commission (SEC) on 1 June…
The European Union (EU) suspended the deadline for its review of Halliburton’s US$34.6 billion pending acquisition of Baker Hughes last week, about a month after the EU opened an in-depth investigation to find out if the merger would impede effective competition…
Mexico’s Pemex entered into deals with three companies in the Middle East following President Enrique Peña Nieto’s visit to the region. Image of Lozoya signing contracts. Image from Pemex Twitter…
