By Nermina Kulovic Offshore drilling contractor Noble Holding Corporation has received approval from a bankruptcy court for its reorganization plan. The post Bankruptcy court approves Noble’s reorganization plan… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Seadrill has agreed on the suspension of payments with creditors related to leasing arrangements for three drilling rigs while trying to restructure debt. The post Creditors allow Seadrill… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic Norwegian LNG transportation provider Awilco LNG has agreed to an amendment to the financial covenants in the sale/leaseback facilities for the WilForce and the WilPride. Courtesy of Awilco LNG Under the agreement with CCB Financial Leasing the required minimum consolidated cash and cash equivalents financial covenant of $10.0 million has been reduced…
By Nermina Kulovic Turkey is extending its seismic survey operations in the disputed area of the eastern Mediterranean by nearly a week, which could spark further tension. The post Turkey takes more time for seismic… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic BioLNG has been touted as the fuel that will enable the decarbonization of maritime and road transport. Illustration only (Courtesy of Port of Rotterdam) A joint paper issued by the European Biogas Association (EBA), Gas Infrastructure Europe (GIE), the Natural & Bio Gas Vehicle Association (NGVA Europe), and SEA-LNG, demonstrates the benefits…
By Nermina Kulovic Norwegian oil production in October 2020 was below forecast by the NPD due to effects of strike action as well as maintenance operations on some fields. The post Norway: October oil output hit by… … Read Full Article Here For more great articles: Offshore Energy Today
By Adrijana Buljan European Union’s Offshore Renewable Energy Strategy, published on 19 November and targeting as much as 300 GW of installed offshore wind capacity by 2050, also outlines the goal of supporting green hydrogen production. In anticipation of the launch of the new Renewable Hydrogen Coalition, it is ever so evident that EU’s (offshore)…
By Nermina Kulovic Following reports that BP is preparing to sell its London HQ, the oil major has now entered into an agreement for the sale of the HQ for £250.1 million. The post BP sells London HQ for nearly $332… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic TAQA Bratani has received approval for its drafts decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea. The post TAQA gains approval for… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic The construction of the first Dutch bio-LNG installation kicked off in Amsterdam Westpoort. Courtesy of Nordsol The project is being developed by Renewi, Nordsol and Shell. In its statement, the Bunnik-based Nordsol said the new bio-LNG installation is an extension for the current processing of, among other things, outdated products from the…