OFFSHORE TECHNOLOGY — Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) plans to raise ¥10bn ($93.3m) in a public offering by issuing green bonds due 2023. The transaction is expected to be completed by May.
The underwriters for the offering are Mitsubishi UFJ Morgan Stanley Securities and Nomura Securities.
The funds raised from the offering will be used by NYK Line to fund its new and existing projects.
Proserv has been awarded a $5.5m contract by Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea, with the aim of extending the equipment life.
Repsol is a Spanish integrated global energy company, while Proserv is an energy services company providing life-of-field solutions to the global oil and gas industry.
Estimated to contain recoverable reserves of 65 million barrels, the field is expected to produce its first oil in 2020 and continue production for ten years.
The contractual scope includes refurbishment of and upgrade of the existing subsea control system at the field, following which high-speed data management and transmission capability will be integrated into the system.
TechnipFMC has been contracted by BP for the front-end engineering design (FEED) of the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim offshore liquefied natural gas (LNG) field located on the maritime border of Mauritiana and Senegal.
TechnipFMC is engaged in oil and gas projects, technologies, and systems and services businesses, while BP is engaged in energy business. Both companies involved in the deal are based in the UK.
Danish drilling rig operator Maersk Drilling is set to establish a 50:50 joint venture with Maersk Supply Service to provide decommissioning services for oil and gas fields.
Based in Denmark, Maersk Supply Service provides offshore marine services to the oil and gas industry.
The new JV will provide end-to-end decommissioning services, including project management, and will initially cover up to 80% of the decommissioning process.
Under the deal, Maersk Drilling and Maersk Supply Service will invest equally in the JV company. The initial investment in the JV is approximately $20m.
Rex International Holding (Rex), together with its subsidiaries, has disposed its 30.29% stake represented by 13,858,871 shares in Norwegian oil and gas company FRAM Exploration.
The sale was made to Makli Invest for a nominal price of $1.
Based in Singapore, Rex is an exploration and production company, while Makli Invest is an investment company based in Norway.
