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(OE) Saipem has entered into an amended bareboat charter with Deep Value Driller for the seventh-generation drillship Deep Value Driller. Earlier in 2025, the charterer, Saipem, was granted an option until April 14, 2025 to enter into an amended bareboat charter for the Deep Value Driller drillship, which has been exercised. Saipem and Deep Value... Continue Reading →
(OE) BW Energy has made final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at the Golfinho field offshore Brazil. The project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves... Continue Reading →
(Reuters) - Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso. The IMF will disburse $12 billion by next Tuesday, while another... Continue Reading →
(Reuters) - Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday. Ecopetrol may also have to scrap production at some fields and focus on those with lower costs, president Ricardo Roa told journalists on the sidelines of an... Continue Reading →
(oilprice.com) Despite the recent slump in international oil prices, YPF CEO Horacio Marín remains confident in the resilience of Argentina’s energy sector—particularly the viability of Vaca Muerta. Speaking to Infobae en Vivo, Marín stressed that YPF can sustain profitable operations even if crude prices drop to $40 or $45 per barrel. “We made ourselves resilient at... Continue Reading →
Dutch FPSO leasing specialist SBM Offshore has signed a $1.1 billion unsecured Revolving Credit Facility (RCF) with a group of 13 international banks. The loan will be used to refinance its existing $1.0 billion RCF which was due to expire in February 2026. The new RCF has a tenor of five years and two one-year... Continue Reading →
(OE) Trelleborg Marine and Infrastructure has launched advanced sealing system, IRIS, for Airtight Platforms (ATP), which has the potential to improve offshore wind foundation designs. The new seal eliminates the need for welded steel landing rings traditionally used in monopiles (MPs) and transition pieces (TPs), providing an effective solution to lower Levelized Cost of Energy... Continue Reading →
(OE) Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind installation contract based in Norway, in a deal worth $985.5 million. The strategic acquisition aligns with DEME's ambition to expand its footprint in the offshore wind energy market and enhances its competitive positioning in turbine and foundation installations.... Continue Reading →
SBM Offshore has signed a non-recourse sale and leaseback financing agreement for Cidade de Paraty floating, production storage and offloading (FPSO) unit, for the total amount of $400 million and with a tenor of eight years. The transaction is expected to be completed before the end of April 2025, following the fulfillment of certain closing... Continue Reading →
(OE) The government of U.K. has approved 1.2 GW extension to Rampion offshore wind farm, Rampion 2, off the Sussex coast. The Development Consent Order (DCO) for the Rampion 2 offshore wind farm project, an extension to the existing Rampion wind farm nearby, is being led by global renewables company RWE, on behalf of joint... Continue Reading →
