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Valaris lands $760 million gigs for rig duo in US Gulf

Bermuda-headquartered offshore drilling contractor Valaris Limited has won a contract extension for one drillship and a new contract for another with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the Gulf of America.  The post Valaris lands $760 million gigs for rig duo in US Gulf appeared first on Offshore Energy.

25-year PSC chapter paving the way for gas development offshore Vietnam

Perenco has pinpointed a new production sharing contract (PSC) for an offshore block as a stepping stone toward a final investment decision (FID) for the development of a gas and condensate field off the coast of Vietnam, Southeast Asia. The post 25-year PSC chapter paving the way for gas development offshore Vietnam appeared first on Offshore Energy.

Helsinki, Lübeck-Travemünde ports get €22M EU boost

The European Commission has granted a total of €22 million in co-funding for the Hansalink 3 project between the Finnish Port of Helsinki and the German port of Lübeck-Travemünde. The post Helsinki, Lübeck-Travemünde ports get €22M EU boost appeared first on Offshore Energy.

Borr Drilling sets the stage for liquidity boost and CEO succession

Borr Drilling, an offshore drilling player, has taken steps to strengthen its balance sheet for continued growth, with a financing package, and revealed its Chief Executive Officer (CEO) succession plan. The post Borr Drilling sets the stage for liquidity boost and CEO succession appeared first on Offshore Energy.

WSS to accelerate electrification as newest member of Maritime Battery Forum

Norwegian maritime solutions provider Wilhelmsen Ships Service (WSS) has joined the Maritime Battery Forum (MBF), a global community of maritime battery enablers, to drive adoption of clean energy and accelerate electrification in the maritime sector. The post WSS to accelerate electrification as newest member of Maritime Battery Forum appeared first on Offshore Energy.