At the World Ocean Council (WOC) Sustainable Ocean Summit (SOS) 2019 (20-22 November, Paris), the “Sustainable Blue Economy Finance Principles” workshop will explore actions for the finance sector to accelerate uptake of finance-related policies, practices, financial instruments, opportunities and initiatives to advance a Sustainable Blue Economy.
MOL has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (“ACG”) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (“BTC”) pipeline that transports the crude to the Mediterranean port of Ceyhan, for total consideration of USD 1.57bn (subject to adjustments at closing).
Fugro has taken notice of a press release from HC2 Holdings, Inc., (HC2) in which it announces the sale by Global Marine Group (GMG) of its stake in Huawei Marine Networks (HMN). Through its ownership of 23.6% in GMG, Fugro will be able to monetize part of its non-core interest in GMG.
Around $90 billion will be spent on construction and conversion of floating production systems over the next five years. This forecast, just completed by World Energy Reports, reflects the strong underlying market drivers supporting future investment activity in the deepwater sector.
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