Search results for: deduction

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  • 12 August 2014

    The ten Member States of the European Union that declared having exceeded their fishing quotas in 2013 will face reduced fishing quotas for those stocks in 2014. The European Commission announces these deductions on a yearly basis to immediately address the damage done to the stocks overfished in the previous year and ensure sustainable use by […]

  • 9 October 2015
    Business & Finance

    The recent announcement by the U.S. Department of Justice of a proposed USD 20.8 billion out-of-court settlement with BP to resolve charges related to the 2010 Deepwater Horizon oil spill allows the corporation to write off USD 15.3 billion of the total payment as an ordinary cost of doing business tax deduction, according to the U.S. Public Research Interest […]

  • 9 October 2015
    Business & Finance

    The recent announcement by the U.S. Department of Justice of a proposed USD 20.8 billion out-of-court settlement with BP to resolve charges related to the 2010 Deepwater Horizon oil spill allows the corporation to write off USD 15.3 billion of the total payment as an ordinary cost of doing business tax deduction, according to the U.S. Public Research Interest […]

  • 28 November 2016

    The Australian National Audit Office on Monday issued a report saying that the North West Shelf (NWS) project claimed more than A$5 billion (Approx: US$3.7 billion) worth of deductions against petroleum revenues in the 18 months to December 2015.

  • 12 July 2013

    A new study released on Thursday shows the harmful impacts that would result from repealing the tax deduction for intangible drilling costs (IDCs), API Director of Tax and Accounting Policy Stephen Comstock told reporters this morning. “The effects of repealing the IDC deduction would be significant and immediate,” said Comstock. “The industry would be forced […]

  • 4 April 2014

    The Department of the Interior’s Office of Natural Resources Revenue (ONRR) announced today that it has assessed W&T Offshore, Inc., a $2,333,000 civil penalty for “knowing or willful submission” of false or inaccurate royalty reports. “Accurate reporting is a first line of defense in ensuring that ONRR collects every dollar due to the American taxpayer,” said Paul A. […]

  • 17 January 2012
    Business & Finance

    Hercules Offshore today announced that the Mako, a 175′ class liftboat in Nigeria, was engulfed by a fire that originated on a third-party rig, the KS Endeavor, during the early morning hours on January 16, 2012. The Mako was providing excess storage services adjacent to the KS Endeavor drilling rig at the time of the […]

  • 17 January 2012
    Business & Finance

    Hercules Offshore today announced that the Mako, a 175′ class liftboat in Nigeria, was engulfed by a fire that originated on a third-party rig, the KS Endeavor, during the early morning hours on January 16, 2012. The Mako was providing excess storage services adjacent to the KS Endeavor drilling rig at the time of the […]

  • 3 October 2011
    Business & Finance

    Hercules Offshore today announced that the Starfish, a 140 class liftboat, capsized after being struck by multiple waterspouts late in the evening on September 30, 2011. The five crewmembers aboard evacuated the vessel and were rescued at sea shortly after the incident. The crewmembers were treated for minor injuries and released from a Houma, Louisiana […]

  • 6 June 2019
    Business & Finance

    An LNG carrier owned by Awilco LNG has been struck by another vessel off Singapore.

  • 4 June 2019

    Norwegian LNG transportation provider Awilco said its liquefied natural gas carrier WilForce was struck by another vessel off Singapore. 

  • 1 February 2019
    Business & Finance

    Mercator Ltd. has started the arbitrations for claims arising out of wrongful deductions made by DCI from Invoices and damages arising out of the wrongful termination by DCI. It is clarified that the Tribunal has directed DCI to pay nearly 100% of the amounts they had wrongfully deducted from the Invoices, has held that the […]

  • 6 May 2013

    The Norwegian Government on Friday, May 5, introduced a proposal to reduce the tax deduction called “uplift” in the petroleum tax system from 7.5 per cent to 5.5 per cent. The overall uplift is thereby reduced from 30 per cent to 22 per cent. The government explains that the proposal will lead to more efficient use […]

  • 21 June 2006

    The US oil corp. ENSCO said Monday a jackup rig was damaged while preloading offshore Vietnam and may be out of service for 60 days. No employees were injured and there was no environmental damage, the company added. Preliminary inspection indicates relatively minor damage to the rig, which has been safely jacked down and is […]

  • 22 February 2008

    TOP Ships announced that it has entered into an agreement for the sale of M/T Stainless, a 149,599 Dwt, double-hull Suezmax tanker built in 1992. Under the agreement, the purchaser will bareboat charter the M/T Stainless until the vessel’s final delivery, which is expected to take place by the end of July 31, 2008. The […]

  • 7 June 2011

      A wide majority in the Danish Parliament has just passed Minister for Economic and Business Affairs Brian Mikkelsen’s bill amending a number of maritime acts. The new act strengthens the competitiveness of the shipping companies as well as the Danish seafarers’ employment possibilities on the global maritime labour market. Minister for Economic and Business […]

  • 30 August 2019
    Business & Finance

    Awilco has a substantial claim towards the ship responsible for the collision and expects to collect same in due course.

  • 20 December 2011

    Cheniere Energy, Inc. announced the closing of its previously announced underwritten public offering of 36,300,000 shares of common stock.  The underwriter has exercised the full over-allotment option of 5,445,000 shares.  After giving effect to the exercise of the over-allotment option, the public offering consisted of 41,745,000 shares which were sold to the public at the […]

  • 30 October 2014
    Business & Finance

    New York Exchange-listed DryShips Inc. has closed the previously announced offering of 250 million shares of its common stock. Priced at USD 1.4 dollars per share, the offering brought USD 333.7 million to the company, after deducting offering fees and expenses. DryShips intends to use the net proceeds from the offering to repurchase a portion of its USD 700 […]

  • 25 February 2013

    Cheniere Energy Partners said that it has entered into a purchase agreement with institutional investors to sell approximately 17.6 million common units for net proceeds, after deducting expenses, of approximately $372.2 million, which includes the general partner’s proportionate capital contribution of approximately $7.4 million to maintain its 2% general partner interest. Investors primarily include affiliates […]

  • 19 March 2012

    Cheniere Energy announced today the closing of its previously announced underwritten public offering of 21,000,000 shares of common stock.  The underwriter has exercised the full over-allotment option of 3,150,000 shares.  After giving effect to the exercise of the over-allotment option, the public offering consisted of 24,150,000 shares which were sold to the public at the […]

  • 17 April 2014

    GasLog, an international owner, operator and manager of LNG tankers, said it has closed its offering of 4,887,500 common shares, including 637,500 common shares issued upon the exercise in full by the underwriters of their option to purchase additional shares. The public offering price was $23.75 per share. The net proceeds from the offering, after deducting […]