People & Company News News


MODEC Raises $1bln Bond for FPSO Project

Aug 16, 2019

Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading  (FPSO) vessel chartered to the TUPI consortium.TUPI consortium is led by Petrobras with the…

Iberdrola Sells Stake in East Anglia One to GIG

Aug 14, 2019

Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder…

Denmark's Biggest OWF Set for Launch

Aug 09, 2019

Frederik, Crown Prince of Denmark, will inaugurate Vattenfall’s next and largest offshore wind farm (OWF), Horns Rev 3, in the North Sea on 22 August.The European energy company said in a press note that Horns Rev 3 offshore wind farm is ready…

Offshore Wind Boosts Ørsted's Profit

Aug 08, 2019

Danish renewable energy company Ørsted’s operating profit in the first half of 2019 (H1) is $1.3 billion (DKK8.8bn), mostly from offshore wind.'Earnings from our offshore wind farms in operation increased by 18%, driven by ramp-up of generation from new wind farms in operation…

James Fisher Acquires SM Continental

Aug 08, 2019

UK's marine engineering services provider James Fisher and Sons has acquired 60% of the share capital of Continental Participação E Administração, the holding company of Brazilian subsea specialist Serviços Marítimos Continental.Continental…

EOG Bags Offshore Ireland Licence

Aug 08, 2019

United Kingdom-based exploration and production company Europa Oil & Gas  (EOG) has been awarded a 15-year frontier exploration licence for an area in the Slyne Basin, offshore Ireland.The area includes Europa’s flagship Inishkea prospect, which…

Borr Drilling Launches US IPO

Jul 30, 2019

Offshore drilling contractor Borr Drilling has launched the initial public offering (IPO) in the United States of 5 million of its common shares on July 29.The drilling company that operates 27 rigs said that the offering of common shares on…

Iberdrola Profits Up with Contribution from OWF

Jul 29, 2019

Spanish public multinational utility company Iberdrola said that its gross operating profit (EBITDA) grew by 12.5% to €4.99 billion, due to the positive performances in the United States, Mexico and Brazil and the contribution of the Wikinger offshore wind farm…

Mammoet Acquires ALE

Jul 29, 2019

Mammoet, the privately held Dutch company specialized in engineered heavy lifting and transport of over-sized and heavy objects, said it has signed an agreement to acquire fellow international heavy lifting and transport specialist ALE.No further…

Bourbon Offshore Files for Reorganization

Jul 29, 2019

French offshore services giant Bourbon Corporation's existing liabilities amount to 900 million euros, or just over $1 billion, according to sources. It is is in serious danger of bankruptcy now that a group of creditors has demanded immediate payment of outstanding debt…

West of England P&I Club Eyes Offshore

Jul 24, 2019

The West of England, a leading A-rated mutual marine insurer, has announced the appointment of a key strategic hire to support its strategy of expansion in the offshore market.Will Tobin will join the Club in July to head up its offshore business…

ERSG Appoints USA Offshore Wind

Jul 10, 2019

UK energy industry recruitment outfit ERSG has appointed Chris Stupack as head of offshore wind in the United States.Stupack will be leading ERSG's office in Boston, which opened in November last year, where the company will be focusing on supporting the development of the offshore wind market…

Hiretech Appoints New MD

Jul 09, 2019

UK-based offshore equipment rental company Hiretech Limited has appointed Keith Mackie  as Managing Director, with current Managing Director and company founder Andy Buchan taking on the newly created role of Chief Executive Officer.Mackie has…

Aker Energy Issues Bonds to AFC

Jul 09, 2019

Aker Energy Ghana, a subsidiary of Norwegian-based oil exploration and production firm Aker Energy AS, has entered into an agreement to issue $100 million of convertible subordinated bonds to Africa Finance Corporation (AFC).AFC also intends to take part in future capital market activities…

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Suriname Seeking Funds for Offshore Exploration

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