Global safety solutions leader Survitec has completed a £270 million refinancing with funds managed or advised by the Credit Group of Ares Management Corporation (“Ares”), a leading global alternative investment manager.   

The U.S. Department of the Interior has announced nearly $249 million in Fiscal Year 2020 energy revenues to the four offshore Gulf oil and gas producing states.

Confluence Networks LLC has announced that MasTec Inc. has acquired an equity interest in Confluence, a Florida-based developer of undersea fiber-optic communications systems.

The UK is expected to drive the upcoming projects across oil and gas value chain in Europe, accounting for about 25% of the total projects which are likely to start operations by 2025. Amongst these, new build projects lead with 62% while the remaining are expansion projects mainly in the upstream sector (fields), according to GlobalData, a leading data and analytics company.

Bpifrance is investing USD100 Million in Technip Energies strengthening its current stake to approximately 7% of the company's share capital to become a long-term reference shareholder, supporting its energy transition-focused strategy.

Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines.

Graham Hollis, Office Senior Partner for Deloitte in Aberdeen, comments on Business Outlook 2021, published on March 16, 2021.  

At its annual investor meeting on March 9, Chevron Corporation announced plans to increase return on capital employed and lower carbon intensity to enable superior distributions to shareholders.

Jones Capital (Jones) recently announced the acquisition of Rockport Terminals (Rockport), one of the largest private intermodal terminals on the Texas Gulf Coast. 

For most of 2020, the LNG shipping market was in a depressed state like many other segments of the global gas industry.

Concordia Damen has launched a Capital Fund, the BesteVaer Capital Fund. This fund will facilitate the purchase of new and/or used inland vessels, thereby stimulating movement within the inland marine transportation sector.

Aker ASA (“Aker”) has established Seetee AS (“Seetee”), a new company dedicated to investing in projects and companies throughout the Bitcoin ecosystem and which will keep all its liquid investable assets in bitcoin. Seetee is initially capitalized with NOK 500 million.

Crude Oil:

Westwood Energy has released its latest Drilling & Well Services (DWS) report, with spend forecast to increase year-on-year, reaching $213bn by 2025.

NEO Energy (“NEO”) and HitecVision announces the signing of a transaction that solidifies NEO’s position among the largest oil and gas producers in the UK. Based on current estimates NEO’s production will grow from circa 80,000 barrels of oil equivalent per day (boepd) in 2021 to a stable production base in the period 2022 – 2026 of between 90,000 and 100,000 boepd. A growing and then stable production profile in this period gives NEO a unique position in the UK offshore oil and gas industry. About 55% of NEO’s production growth in this period will be operated by NEO.

As of April 1, 2021, Damen Shipyards Group will start a specialized Financial Services division. This unit supports clients in the financing of new ships by means of both operational and financial lease constructions.