SBM Offshore announces that it has signed a US$1.1 billion unsecured Revolving Credit Facility (RCF) with a group of 13 international banks to refinance its existing US$1.0 billion RCF which was ...

Beijing lowered the yuan’s daily reference rate only slightly on Wednesday, despite the offshore yuan hitting a record low overnight, signalling China’s determination to stabilise its currency ...

Brussels-listed DEME has signed an agreement to acquire Havfram, an international offshore wind contractor based in Oslo. The total transaction value is approximately €900m ($1bn), DEME said in ...

The Trump Administration has revoked licenses for supermajors Shell and BP and their partners to operate natural gas projects offshore Venezuela that plan to send gas to Trinidad and Tobago ...

Until the closing of the transaction, Havfram remains a separate company conducting business as usual. As a leading contractor in the fields of offshore energy, environmental remediation, dredging and ...

Established in 2021 through a strategic partnership between Sandbrook Capital and PSP Investments, Havfram was created to provide critical offshore wind installation capacity to the world's ...

Belgian offshore contracting group DEME has agreed to buy Norway-based Havfram in a major deal for the offshore wind vessels sector. DEME said the deal, which is due to complete by the end of April, ...

SBM Offshore announces it has signed a non-recourse sale and leaseback financing agreement for FPSO Cidade de Paraty for the total amount of US$400 million and with a tenor of 8 years. The ...

Adnoc is expanding the capacity of some of its largest offshore oilfields as part of its P5 programme, which aims to boost oil production capacity by 150,000 barrels per day from current levels to ...

In November, Prime Minister Narendra Modi’s government announced the first-ever auction of offshore land parcels for mining. “We are pioneering offshore mineral auctions for the first time in ...

The Allan Labor Government is developing Australia’s first offshore wind industry right here in Victoria, delivering more renewable energy, lowering power bills and creating new jobs and opportunities ...