Finance News

SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the purchase of FPSO Prosperity, ahead of the maximum lease term, which would have expired in November 2025.

Vår Energi ASA reports resilient operational and financial results in line with guidance. The Company is poised for significant production growth over the next three quarters.

The 2023 edition of Dredging in Figures, an annual review of the global open dredging market by the International Association of Dredging Companies (IADC) is now available. The report serves as a resource to entities interested in the financial development of the dredging industry and its geopolitical drivers.

Evoy has been awarded €16 million as part of a substantial funding initiative from the EU's innovation fund. This funding will support the establishment of its new headquarters and production facility in Florø, Norway, marking a significant milestone in its commitment to advancing electric marine technology.

Ørsted has signed a partnership agreement with Brookfield, its institutional partners and its listed affiliate Brookfield Renewable, who will acquire 12.45% minority stakes in four of Ørsted’s operational UK offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW.

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