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 Sustainable Aquaculture Innovation Centre (SAIC) has secured new funding to continue its support of fish health research and development (R&D), delivered in collaboration between the private and public sectors.
-with-Graeme-McNay,-CEO-of-Valor-Energy_medium.jpg "Jordan Ferguson CEO of Pier Solutions (left) with Graeme McNay, CEO of Valor Energy. (Image credit : Pier Solutions)")
Leading provider of engineering and modular solutions, Pier Solutions (Pier), has announced a significant investment into its portfolio, acquiring electrical engineering businesses, V-TES and V-TES Renewables, in a seven-figure deal.
_medium.jpg "(Image credit: Damen)")
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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