US Closes $861 Million Loan Guarantee for Solar, Energy Storage in Puerto Rico
The U.S. Energy Department announced on Tuesday that it had closed a $861 million loan to finance the construction in Puerto Rico of two photovoltaic solar farms and two batteries storage systems. Puerto Rico, an American territory, was hit by hurricanes over the past few years. People in remote mountain communities were left without electricity for almost a year following Hurricane Maria in 2017.
Yinson, First E&P in $902 Mln FPSO Deal
Malaysia’s floating production storage and offloading (FPSO) operator Yinson and Nigerian oil company First Exploration & Petroleum Development Company Ltd (First E&P) have executed a contract for an FPSO to be deployed offshore Nigeria.The contracts worth $901.79 million were entered into via its wholly-owned subsidiary Yinson Nepeta Production…
Investment in Vard Tulcea SA
The Board of Directors of Vard Holdings Limited would like to announce that the Company has invested a total of NOK 0.027 million in its indirectly held subsidiary, Vard Tulcea SA (“Tulcea”), thereby increasing the shareholding in Tulcea to 100%. 99.996% of the shares in Tulcea are held by the Company’s indirect subsidiary, Vard RO Holding SRL, and 0.004% are held by its direct subsidiary, Vard Group AS.
Rex IH Gives Norway Drilling, License Updates
Rex International Holding Limited, one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, shared its latest developments in its Norway portfolio, held through its 65 percent owned indirect subsidiary, Lime Petroleum Norway AS and investee company, North Energy ASA. Måns Lidgren, Chief Executive Officer of Rex International Holding…
PrimeServ Lands Significant London Service Contract
MAN PrimeServ, MAN Diesel & Turbo’s after-sales arm, has signed an EMC (Engine Management Contract) service agreement with Beckton Energy Limited (BEL), an indirect subsidiary of iCON Infrastructure Partners II. The agreement covers an MAN B&W 7K60MC-S engine built by Cegielski, MAN Diesel & Turbo’s Polish licensee, and one MAN AUG Power Turbine TCS-PTG18 at a new combined heat and intelligent power (CHiP) plant.
