Germany’s energy giant RWE and the Trump administration have reached a settlement agreement that calls for the Department of the Interior to pay RWE $1.22 billion to relinquish three U.S. offshore wind leases and instead invest in LNG energy projects.
The US Department of the Interior has proposed revisions to federal regulations governing exploratory oil and gas drilling on the Arctic outer continental shelf. Announced on August 3 through the Marine Minerals Administration, the proposal would update provisions introduced under…
UK-based integrated offshore infrastructure services company North Star has completed a £275 million (US$370 million) debt financing, adding to debt commitments to support continued growth, broadening its lender group and improving its terms.The package is structured across sterling and euro…
Shell said on Friday it had agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British oil major sharpens its focus on LNG operations.BG Cyprus' 35 per…
China's COSCO Shipping Development has agreed to acquire 15 bulk carriers of 210,000 DWT under two separate shipbuilding contracts. The company stated that 10 of the vessels will be built by China State Shipbuilding Corporation subsidiaries Shanghai Waigaoqiao Shipbuilding and…
A new hybrid commissioning service operation vessel (CSOV) ordered by Taiwanese offshore support specialist Ta San Shang Marine (TSSM) was recently launched. TSS Challenger is the second unit in a series of two CSOVs ordered by TSSM.
