Transocean Looking to Raise $500M via Senior Secured Notes Offering

Offshore drilling company Transocean is looking to raise $500 million through a private offering of senior secured notes due in 2028.  The offshore drilling contractor said Monday that its subsidiary, Transocean Titan Financing Limited (“Transocean Titan”), had started the private offering. According to the company, the notes will be guaranteed by Transocean Ltd., Transocean Inc.,... Continue Reading →

PanGeo Subsea officially becomes Kraken Robotics

The PanGeo Subsea brand and company name have changed to Kraken Robotics as of 1 January 2023, following the completion of the acquisition by the Canadian company in 2021. To remind, Kraken Robotics entered into a non-binding letter of intent (LOI) to acquire PanGeo Subsea in April 2021. The Canada-based marine technology company completed the acquisition in the summer of 2021. According... Continue Reading →

Oil-rich Norway looks to expand wind energy in shallow waters

(UPI) -- Two companies are now tasked with mapping the shallow waters off Norway to advance the nation's offshore wind energy footprint, the government said Friday. The Norwegian Petroleum Directorate, the nation's energy regulator, awarded contracts to Dutch geological data firm Fugro and geoscience consultant Enviros to map the shallowest areas under the seabed for potential wind energy... Continue Reading →

China Launches an18 MW Offshore Wind Turbine

(OWB) CSSC Haizhuang Wind Power, a subsidiary of China State Shipbuilding Corporation (CSSC), has rolled out the nacelle of the H260-18MW offshore wind turbine prototype. The H260-18MW has a rotor diameter of 260 metres and an individual capacity of 18 MW, making it the largest and the most powerful wind turbine currently on the market... Continue Reading →

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