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SBM Offshore completes $1.5 billion financing of Jaguar FPSO

SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion.
The project financing was fully secured by a consortium of 16 international financial institutions. SBM expects to draw the loan phased over the construction period of the FPSO. The project loan is in line with the duration of the construction phase.

Eni’s revamped FPSO and FSO getting ready to set sail for ‘Africa’s first net-zero emissions’ oil & gas project (Video)

Italy’s energy giant Eni has held a naming ceremony for a floating production, storage, and offloading (FPSO) and floating storage and offloading (FSO), which underwent conversion works for a year. The finishing touches are now underway to prepare these vessels for their move to the Italian heavyweight’s oil and gas development, which is said to be the largest discovery in Cote d’Ivoire and the first net-zero upstream project, in terms of Scope 1 and 2 emissions, on the African continent.