Finance News

On the occasion of the 2024 Suriname Energy Oil and Gas Summit, Javier Rielo, Senior Vice President Americas, Exploration & Production for TotalEnergies, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V, the Suriname National Oil Company, announced several significant steps towards the Final Investment Decision (FID) of the development of offshore Block 58. This decision is expected in the fourth quarter of 2024, for a production start-up in 2028.

Seadrill Limited (NYSE & OSE: SDRL) has entered into a definitive agreement to sell three jack-up rigs—the West Castor, the West Telesto and the West Tucana (the “Qatar Jack-Up Fleet”)—and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner Gulf Drilling International (“GDI”) for cash proceeds of $338 million (the “Transaction”).

The Ras al-Khair Special Economic Zone (SEZ) aims to host the largest shipyard in the Middle East and North Africa (MENA), leveraging partnerships with major maritime players and backing by the Saudi government to attract investment. The SEZ is based in the city of Ras al-Khair on the eastern Arabian Gulf coast of the Kingdom, just north of al-Jubail Industrial City—home to the world’s fourth largest petrochemical company: Saudi Basic Industries Corporation (SABIC).

TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustments. Closing is expected in the second half of 2024.

Solstad Offshore announces contract awards from Clients in the offshore energy markets with a combined duration of approx. 600 days (inclusive of mobilization and demobilization) and a gross value of approx. NOK 800 million. 

In a landmark partnership, Damen Financial Services (DFS) and Siemens Financial Services (SFS) have joined forces to establish a new facility for vessel financing solutions: Damen Ship Lease (DSL). The DSL facility is now one of the funds of Damen Ship Lease Cooperation which is managed by DFS. It is designed to provide current and prospective ship owners with the ability to expand their fleets by enabling them to acquire state-of-the-art vessels using flexible financing options.

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