But restructuring proposal is almost identical to debt-swap plan rejected by rebel shareholders
offshore
Subsea 7 and Siemens Energy link up for floating wind subsea hubs
Subsea engineering and offshore construction specialist Subsea 7 and German energy equipment supplier Siemens Energy have joined forces to develop a subsea high voltage plug and power hub dedicated to the emerging floating offshore wind sector. The technology is expected to enable the connection of...
https://splash247.com/subsea-7-and-siemens-energy-link-up-for-floating-wind-subsea-hubs/
Keppel Offshore & Marine fully pays $65m in fines to Brazilian authorities to settle corruption case
Singapore’s offshore oil rig builder Keppel Offshore & Marine said on Monday that it has made full payment of the fines and damages worth around $65m to Brazil under a leniency agreement that had been set out in December last year. The fines are penalties for corrupt payments made by a former agent...
Purus Marine’s HST orders CTV quartet at Strategic Marine
Offshore services provider HST Marine, part of Purus Wind, the offshore wind business of Julian Proctor-led Purus Marine has contracted Singapore-based shipbuilder Strategic Marine for the supply of four new battery hybrid crew transfer vessels (CTVs). The inaugural order for parallel hybrid...
https://splash247.com/purus-marines-hst-orders-ctv-quartet-at-strategic-marine/
Norway Finds ‘Substantial’ Mineral Resources on its Seabed
By Nerijus Adomaitis OSLO, Jan 27 (Reuters) – A Norwegian study has found a “substantial” amount metals and minerals ranging from copper to rare earth metals on the seabed of its extended continental…
https://gcaptain.com/norway-finds-substantial-mineral-resources-on-its-seabed/
Moreld Apply awarded significant Aker BP contract
Norwegian oil and gas engineering, procurement, construction and installation (EPCI) player Moreld Apply has won a contract from Aker BP for the Edvard Grieg topside modification, which forms part of the Utsira High tie-backs project. The contract, described as significant by the...
https://splash247.com/moreld-apply-awarded-significant-aker-bp-contract/
DOF’s board proposes new debt restructuring plan
The board of directors of debt-laden offshore vessel owner DOF has decided to submit a new proposal for a restructuring plan to the reconstructor and its financial creditors. The plan, which has already received support from DOF’s largest shareholder, Møgster Offshore, with a 31.6% stake, would see...
https://splash247.com/dofs-board-proposes-new-debt-restructuring-plan/
Borr Drilling issues $400m bonds for debt refinancing
Tor Olav Trøim’s Borr Drilling has placed two bond loans to refinance an older convertible due to mature in May this year. The Norwegian jackup rig owner has raised $250m in senior unsecured convertible bonds and another $150m in senior secured bonds. The convertible has a fixed half-yearly...
https://splash247.com/borr-drilling-issues-400m-bonds-for-debt-refinancing/
Ocyan inks semisub deal with PRIO
Brazilian offshore service provider Ocyan has signed a 730-day operation contract with PRIO, formerly PetroRio, to operate the ultra-deepwater semisubmersible rig . The 2011-built rig is in Trinidad and Tobago and operations in Brazil are expected to start in August 2023. Last October, Ocyan sealed...
Wind shift? Strong rates on new Eneti contracts could check disposal plans
Clarksons Securities was surprised by the strength of fixtures revealed this week