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Shipping Finance

Stay up to date with the latest in Shipping Finance— covering market updates, regulatory changes, vessel activity, and expert commentary from top maritime sources.

Billion-dollar rig jobs raise Valaris’ backlog to $4.7B

25 Jul, 2025
Bermuda-incorporated offshore drilling contractor Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies. The company also confirmed a rig suspensi...
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PTTEP enlarges gas portfolio in Southeast Asia with new acquisition

25 Jul, 2025
PTT Exploration and Production Public Company Limited (PTTEP), Thailand’s national oil and gas player, has made a play for a stake, which Hess Corporation, now part of Chevron, holds in a block that is part of a natural gas and condensate p...
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UK chooses winners of Clean Maritime Demonstration Competition 6

25 Jul, 2025
The UK government has selected winners that will receive a total of £30 million (about €34.4 million) in funding to decarbonize shipping and power up local economies. Courtesy of GT Wings Announced during Maritime Minister Mike Kane’s visit...
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As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next

25 Jul, 2025
U.S.-headquartered energy giant Chevron has cleared all the hurdles in its path to bring Hess Corporation, a fellow oil and gas player, into its fold. As a result, the companies are taking steps to blend their operations, enabling Chevron t...
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Valeura Energy strikes a deal with PTTEP to expand its Thai oil & gas footprint

25 Jul, 2025
Canada-based Valeura Energy, an oil and gas company, has made a move to acquire partial stakes from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP), in two offshore blocks off the coast ...
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‘Double-edged sword for marine energy sector’: UK releases Allocation Round 7 notices

25 Jul, 2025
The UK’s Department for Energy Security and Net Zero has issued the statutory notices for Allocation Round 7 (AR7) and Allocation Round 7a (AR7a) on July 23, 2025, confirming changes to pricing and contract structure under the Contracts for...
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Malaysia’s Sapura Energy nets $118M in contracts with long-term Thai clients

25 Jul, 2025
Malaysian oil & gas services provider Sapura Energy has secured new contracts with Chevron’s Thailand subsidiaries, as well as with Thai national oil & gas company PTT Exploration and Production (PTTEP), that together have a value o...
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Air Liquide reaches FID on 200 MW electrolyzer project at Port of Rotterdam

25 Jul, 2025
French industrial gas supplier Air Liquide has taken the final investment decision (FID) to launch the construction of ELYgator, a 200 MW electrolyzer project in Maasvlakte, at the Port of Rotterdam, the Netherlands. The decision follows su...
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