Search results for: agree

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  • 14 August 2014
    Business & Finance, Project & Tenders

    Fastnet has entered into an amended exclusive option agreement with PSE Kinsale Energy Limited, a wholly owned subsidiary of PETRONAS, in relation to the “Deep Kinsale Prospect” in Ireland. The Deep Kinsale Prospect extends from 4,000 feet subsea below the producing Kinsale Head gas field and is defined by a sub-area (the “Deep Kinsale Sub-Area”) […]

  • 5 July 2013

    Chrysaor Holdings Limited , an independent exploration and production company focused on developing and commercialising oil and gas discoveries in the UK North Sea and Ireland, has successfully agreed terms for a $175m equity investment. The successful fundraising is from a combination of new and existing shareholders together with a significant investment by senior management. The new funds […]

  • 23 December 2013

    NOVATEK announced the conclusion of an agreement with Rosneft on an asset swap, whereby the Novatek’s 51% stake in Sibneftegas will be swapped for Rosneft’s 40% stake in Artic Russia B.V., which owns 49% of SeverEnergia. The transaction doesn’t involve any cash settlements and will be closed after receipt of the necessary approvals. On 20 […]

  • 16 September 2014

    United Nations’ International Maritime Organization (IMO) has finalized draft consolidated, internationally binding regulations on the use of liquefied natural gas. At the annual session of the IMO Sub-Committee on the Carriage of Cargoes and Containers (CCC 1), the member States have just agreed on the contents of a new international code. The Code of Safety […]

  • 24 December 2013

    Gazprom and Shell reached an agreement  on Sakhalin-2 LNG project expansion, according to reports. Stakeholders in the Russia’s only LNG export project, Gazprom, Shell and Japanese Mitsui and Mitsubishi, have been examining the possibility of adding the third train for a long time. CEO’s of Gazprom and Shell, Alexey Miller and Peter Voser, met in […]

  • 18 November 2014

    Finnish and Estonian Prime Ministers agreed on a roadmap to improve the two countries’ gas infrastructure.

  • 18 June 2014

    BG Group said it had agreed to the sale of its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners for total proceeds up to £562 million (approximately $954 million)  Under the agreement, BG Group will sell its 62.78% interest in CATS […]

  • 2 December 2014
    Business & Finance

    Blank check company Cambridge Capital Acquisition Corporation and privately-held tanker owner Parakou Tankers, Inc. have entered into a merger agreement. The deal stipulates that Parakou will become a publicly listed company through a merger transaction with Cambridge. Once the transactions are completed, Cambridge will be merged with and into a newly formed Marshall Islands company and […]

  • 24 November 2015
    Business & Finance

    Secretary shipping level talks between India and Bangladesh were held in New Delhi last week. The Indian delegation was led by Shri Rajive Kumar from the Ministry of Shipping, and Bangladesh delegation was led by Mr. Shafique Alam Mehdi, Secretary of the Ministry of Shipping. The two parties appreciated close cooperation and achievements made so far, expressing hope that the […]

  • 3 April 2009

    A co-operative hoping to restart the Swansea to Cork ferry has agreed the basis of a deal to buy a new ship. It needs to be ratified by creditors of the Finnish firm that used to own it. The service stopped three years ago. The consortium, which has raised over £2.5m from pledges by small […]

  • 15 July 2014
    Business & Finance

    The biggest cargo shipping company in Israel ZIM and the state of Israel have reached an agreement regarding the terms of the Golden Share, allowing ZIM to execute the restructuring agreement.   ZIM said that it was preparing to complete the restructuring agreement according to the planned schedule. ZIM President & CEO Rafi Danieli said: […]

  • 21 October 2011

    Repsol has agreed to the sale of 100% of its liquefied petroleum gas (LPG) distribution subsidiary, Repsol Gas Brasil, to the Brazilian company Ultragaz, a leading player in the Brazilian market. The sale was completed for a total of 20 million euros, resulting in an estimated net capital gain of 10 million euros for Repsol. […]

  • 21 June 2013

    The Greek Government (the Ministry of Energy, Environment and Climate Change – MEECC) and the Trans Adriatic Pipeline (TAP) project have agreed the Host Government Agreement (HGA) in Athens. The HGA sets out the framework by which the project will be realized and operated on Greek territory. This includes processes related to land easement and […]

  • 12 February 2013

    The Northern Territory Government has agreed to release enough gas to keep the Gove alumina refinery open for the next ten years. Decision is subject to a commitment from Rio Tinto assuring the ongoing operation of the Gove alumina refinery, and from Eni confirming details of their guarantee to supply gas to Power and Water […]

  • 16 November 2012
    Business & Finance

    BP announced that it has reached an agreement with the United States government, subject to court approval, to resolve all federal criminal charges and all claims by the Securities and Exchange Commission (SEC) against the company stemming from the Deepwater Horizon accident, oil spill, and response. “All of us at BP deeply regret the tragic […]

  • 17 October 2012

    Russian consortium AAR has decided to sell its share in TNK-BP to Rosneft for USD 28 billion, Reuters has reported, citing a source close to the matter. TNK-BP is Russia’s third largest oil company and is parity-owned by UK’s BP and AAR (a consortium of Alfa Group, Access Industries, and Renova). The company was formed […]

  • 24 January 2011
    Business & Finance

    Saint Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR). The parties addressed the results of cooperation in 2010. Gazprom and SOCAR agreed that the joint efforts to supply natural gas from Azerbaijan to Russia had […]

  • 6 November 2014
    Business & Finance

    Maersk Line has paid the United States of America USD 8.7 million as the result of a civil settlement regarding Maersk’s failure to fully comply with certain terms of its contract with the United States Transportation Command (USTRANSCOM), according to the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton. “One can clearly […]

  • 29 October 2012
    Business & Finance

    DOF’s subsidiary, Norskan, has agreed a contract renewal for the vessel Skandi Yare with Petrobras. The new contract will start in November and has a duration of two years. Total value is approx NOK 110 million. Skandi Yare is a PSV, UT 755, built in 2001. [mappress] Press Release, October 29, 2012

  • 13 March 2015

    Afren, the struggling London-listed oil and gas company focused on Africa, has reached a deal with its creditors to create a recapitalisation plan. The Participating Noteholders will provide interim funding of US$200 million by way of new private placement notes. The proceeds of such will be used for working capital and general corporate purposes. Additionally, […]

  • 19 May 2014
    Business & Finance

    ZIM Integrated Shipping Ltd. has finalized the terms of its financial restructuring arrangements, a $3 billion restructuring plan including $1.4 billion debt equity conversion with creditors following a protracted and complex series of negotiations. Following the agreement, the refinanced business will be strongly positioned for successful growth. The company has also reached an agreement with […]

  • 18 December 2013

    Eni and GasTerra have agreed on a package solution for outstanding price reviews under a Dutch long-term gas supply contract. As part of the agreement, Eni achieves a significant price reduction and a change in the price indexation, which will include a link to hub prices, according to a press release. This agreement marks an […]