Reach thousands of offshore professionals!

More than 285,000 unique readers visited OET just in May, 2019!

CAMAC gets $100M loan for offshore developments in Nigeria

CAMAC Energy Inc. announced today that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a ...

read more →

Petrobras gets $500M loan guarantee for FPSO projects

Petrobras has signed an agreement with Japanese export credit agency Nippon Export and Investment Insurance (NEXI) ...

read more →

BW Offshore gets $800M loan for Catcher FPSO

BW Offshore has signed the facility documentation for the new USD 800 million ten year senior secured credit ...

read more →

Dalgidj to buy ROV using EBRD loan

The EBRD and Unibank are providing a $10 million loan to Dalgidj LLC, an Azerbaijani oil-service company, for the ...

read more →

Det norske gets $3B loan

In relation to Det norske’s acquisition of Marathon Oil’s assets in Norway, Det norske oljeselskap ASA ...

read more →

Songa Offshore secures $1.1B loan to finance ...

Songa Offshore SE has secured loans to finance construction of two semi-sumbersible drilling rigs. The company has ...

read more →

Wagenborg secures loan for Walk to Work vessel

Germany’s KfW IPEX-Bank is financing a so-called Walk to Work vessel which will be used by Nederlandse ...

read more →

Cargotec, NIB enter eight-year loan agreement

Cargotec Corporation and Nordic Investment Bank have signed an eight-year loan agreement totalling EUR 50 million ...

read more →

Tap Oil secures Manora field loan

Tap Oil Limited has executed a borrowing base debt facility with BNP Paribas (BNP) for up to US$90 million.

read more →

Energy Drilling secures Loan Facility for two tender rigs

Energy Drilling has signed a US$175.5 million Senior Secured Term Loan Facility with a group of four lenders on ...

read more →

Ceona secures $290M loan to pay for new build projects

USD$290 million secured debt facility to finance its two new build projects, the Ceona Amazon vessel and the Polar ...

read more →

PGS gets $305M loan to pay for two new seismic vessels

Petroleum Geo-Services ASA has established Export Credit Financing for the two (third and fourth of a series of ...

read more →

Coretrax receives loan from Maven

Maven Capital Partners (Maven), a Private Equity and Alternative Asset Manager, has announced a £3.5 million ...

read more →

Sete Brasil Secures $3.7 B Loan to Finance Construction ...

The Brazilian Development Bank (BNDES)  has approved long-term financing in the amount of USD 3.7 billion (R$8.8 ...

read more →

Boa Offshore to Refinance Debt via Bond Loan

Boa Offshore AS is contemplating to issue a new unsecured bond loan in the Norwegian bond market with maturity in ...

read more →

Dolphin Ups Loan for Seismic Equipment to USD 93 Mln

Dolphin Geophysical AS, a wholly-owned subsidiary of Dolphin Group ASA, has today entered into a term sheet with ...

read more →

PROS Secures Loan for ‘Prospector 1’ Rig ...

Prospector Offshore Drilling S.A. (“PROS”) announced today that, further to the announcement made on 12 ...

read more →

ADIB Boost Gulf Marine Services with $360 Mln Loan (UAE)

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has closed a AED 1.32 billion ...

read more →

Dolphin Gets Loan to Buy Seismic Equipment

Norway’s Dolphin Geophysical, a marine geophysical services provider, has today reached a deal with DNB Bank ...

read more →

Gazprom Neft Gets $1 Bln Loan (Russia)

Gazprom Neft signed a USD 1 billion term and revolving loan agreement with a group of banks. Funds available under ...

read more →

Japanese Banks Provide Cash for Brazilian FPSO Construction

The Japan Bank for International Cooperation has signed a loan agreement in the aggregate amount of up to 702 ...

read more →