Category: Australia
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Australia’s TCorp invests in Cyan Renewables
Australia’s TCorp invests in Cyan Renewables Fast-expanding offshore wind vessels pureplay Cyan Renewables has secured backing from Australia’s TCorp. The funding arm of Australia’s most populous state, New South Wales, said it had acquired an interest in Cyan with an initial investment of over $100m, with plans for further cash injections to support the Singapore-based…
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McDermott awarded decommissioning contract offshore Australia
McDermott awarded decommissioning contract offshore Australia Houston-based offshore contractor McDermott has secured decommissioning work for Santos offshore Western Australia. The contract worth between $50m and $250m covers engineering, procurement, removal and disposal of the Harriet Alpha platform and associated infrastructure. The Harriet Alpha platform is one of the largest facilities slated for decommissioning and will…
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DP World buys Australia’s Silk Logistics
DP World buys Australia’s Silk Logistics Dubai-based ports and logistics player DP World has reached an agreement to acquire Australian port-to-door logistics services provider Silk Logistics. The transaction, subject to shareholder approval of Silk Logistics and standard closing conditions, values the company at about A$174.5m ($115.6m) or A$2.14 per share. Silk Logistics operates 21 logistics…