SBM Offshore has  completed the project financing of FPSO Sepetiba for a total of US1.6 billion, which is the largest project financing in the Company’s history. The project financing was secured by a consortium of 13 international banks with insurance cover from Export Credit Agencies (ECA): Nippon Export and Investment Insurance (NEXI) and SACE S.p.A. A letter of intent was received from China Export & Credit Insurance Corporation […]

The European Bank for Reconstruction and Development (EBRD) is supporting the construction of the first inland dry port in Egypt, in 6th of October City, west of Cairo, with a €25 million loan to October Dry Port Company, a special-purpose vehicle established by a consortium of El Sewedy Electric, Schenker Egypt and SLP Logistics. The development […]

BOURBON announced that it has been awarded by SHELL a fully integrated logistics package contract comprising of international freight forwarding, integrated logistics services and PSV (Platform Supply Vessel) services to support two deepwater offshore exploration campaigns in Namibia and Sao Tomé. The project’s scope covers: the international shipment and clearance of SHELL’S and its subcontractors’ […]

Global integrated logistics and materials management company, ASCO, will play a major role in the development of Senegal’s offshore energy industry following a contract award by Senegal Supply Base (SSB). SSB, which is owned by a consortium of national businesses known as COSENI, has contracted ASCO as sole provider of quayside management for all offshore […]

VAALCO Energy a Houston, USA based, independent energy company with production, development and exploration with assets base in the West African region has announced that, in conjunction with its 2021/2022 drilling program planned to begin later this year, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to […]

Valaris Limited said that it has been awarded a four-well contract with BP offshore Mauritania and Senegal for drillship, VALARIS DS-12. The contract is expected to commence in the first quarter of 2022 with an estimated duration of 285 days. The above contract is coming barely weeks of ARO Drilling’s contract with Aramco has been […]

Equinor has awarded around NOK2.19bn ($255m) in contracts divided between Aker Solutions, TechnipFMC and Aibel following the decision to develop the Lavrans and Kristin Q discoveries in the Norwegian Sea. The contracts are subject to government approval of the plan for development and operation the Norwegian energy giant filed together with its partners Petoro, Vår […]

Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands B.V. which will employ the harsh-environment jack-up rig Maersk Resolute to perform well maintenance and drill a side-track of the A9 well at the P9 Horizon field in the Dutch North Sea. The contract is expected to commence in April 2021, with an […]

Lamprell has announced that it has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract (the “Contract”) by Saudi Aramco as part of their Long-Term Agreement Programme (LTA) with Lamprell. Works on this large* Contract consists of two offshore production deck modules and associated pipeline and subsea cables in Saudi Aramco’s Marjan Field. The […]

Sapura Energy Berhad (Sapura Energy), a leading global integrated oil and gas services and solutions provider, has announced recent contract wins in its Engineering and Construction (E&C) and Drilling divisions, with a combined value of approximately RM1.85 billion. The awards include the Purchase Order 59 (CRPO 59) contract from the Saudi Arabian Oil Company (Saudi […]