Search results for: divestment

2333 results

A list of search results

  • 27 June 2018
    Business & Finance

    Ørsted has initiated a structured process to assess the market interest in acquiring its Danish power distribution and residential customer businesses, as well as the City Light business.

  • 21 November 2018
    Business & Finance

    Heerema Fabrication Group (HFG) is planning to divest a part of its activities dedicated to the design and fabrication of steel constructions for the offshore market following a strategic review.

  • 8 December 2017
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Oceanteam, the Dutch – Norwegian offshore service provider, has signed a heads of terms agreement to sell part of its Solutions business. The Oslo-listed company, comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. The so far undisclosed buyer will start a due diligence process and parties have started to document the transaction. Commercial […]

  • 6 May 2020
    Business & Finance, Business developments & projects

    Norwegian oil and gas company Equinor has divested its minority shareholding in Swedish oil and gas company Lundin Energy.

  • 5 October 2015

    Renaissance Services has entered into an agreement to divest Topaz Engineering Limited (TEL) and its subsidiaries which provide marine engineering and shipbuilding services in the Middle East. Chalmers Holdings Limited has acquired the business for US$ 18.5 million. A spokesman for Renaissance Services said: “This divestment marks a milestone in our One Group: Two Companies […]

  • 11 September 2017
    Business & Finance

    Dutch container terminal operator APM Terminals has reached a deal to sell its 76% share in the APM Terminals Zeebrugge container terminal to COSCO SHIPPING Ports. Under the agreement signed between APM Terminals and the Hong Kong-based subsidiary of China COSCO Shipping Corporation, the stake in the Belgian port facility would be sold for a price of EUR […]

  • 12 September 2014

    Canada’s Minister of Transport Lisa Raitt announced the divestiture of the ports of Long Pond, Botwood and Main Brook, NL to local business groups. These divestitures include an investment of over CAD 22 million for the continued operation and maintenance of the ports’ infrastructure, ensuring the long-term sustainability of the port. The Government of Canada has […]

  • 21 November 2018
    Business & Finance

    Heerema Fabrication Group (HFG) is planning to divest a part of its activities dedicated to the design and fabrication of steel constructions for the offshore market following a strategic review.

  • 25 September 2014
    Business & Finance, Project & Tenders

    Cairn will sell a 10% interest in the Catcher development and adjacent acreage in the UK North Sea. With effect from 1 January 2014 Dyas UK Limited (Dyas) will acquire 10% in each of the following UK Continental Shelf licences P1430, P2040, P2070, P2077 and P2086 by funding Cairn’s exploration and development costs in respect of the […]

  • 31 May 2013
    Business & Finance

    The board of directors of Ezra Holdings Limited announced that the Company will divest its holding of 40 million ordinary shares in Ezion Holdings Limited, a publicly – listed company on the SGX Main Board of the Singapore Stock Exchange via a placement that is fully underwritten by DBS Bank Ltd. Ezion is a leading […]

  • 24 January 2017

    Brazilian court has allowed the state-owned oil & gas company Petrobras to continue the sale process of its shallow water fields, located off states of Sergipe and Ceará, Brazil.  Petrobras informed on Monday that a Regional Federal Court issued a decision on January 18, 2017, to grant suspensive effect to Petrobras’ appeal in the divestment […]

  • 12 March 2018
    Infrastructure

    Brazilian oil giant Petrobras has decided to sell its total stake in two deepwater assets offshore Brazil. 

  • 19 May 2014

    Chesapeake Energy Corporation updated its currently anticipated 2014 asset sales and divestitures and the projected impact of such transactions on its 2014 Outlook on May 16. The company also introduced preliminary estimated ranges for its 2015 adjusted production growth and total capital expenditures. Chesapeake continues to divest of noncore assets in order to focus its […]

  • 19 July 2012

    Repsol said it has reached an agreement with a consortium of Chilean investors, led by LarrainVial, for the sale of 100% of its subsidiary Repsol Butano Chile for approximately $540 million. Repsol Butano Chile holds a 45% stake of Lipigas, a company present in the Chilean LPG commercialization market, in addition to other financial assets. […]

  • 11 July 2014
    Business & Finance

    BG Group today announced it had completed the sale of its 62.78% equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners. Total proceeds from the transaction, announced on 17 June 2014, are up to £562 million, or approximately $961 million at […]

  • 14 June 2017
    Business & Finance

    Statkraft is set to commence the formal divestment processes for its 40% share in the Sheringham Shoal and 30% share in the Dudgeon offshore wind farms. The company will commence the sale this month, with an aim to complete the transaction early next year, according to Reuters.

  • 14 June 2017
    Business & Finance

    Statkraft is set to commence the formal divestment processes for its 40% share in the Sheringham Shoal and 30% share in the Dudgeon offshore wind farms. The company will commence the sale this month, with an aim to complete the transaction early next year, according to Reuters.

  • 12 December 2006

    Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), will divest its entire 72% interest in the rig, West Berani, to SeaDrill Asia Limited (SeaDrill Asia) for approximately US$72 million. This divestment follows the completion of the semisubmersible drilling tender (SSDT), which was delivered on time today.

  • 3 June 2020
    Business & Finance, Business developments & projects, Exploration & Production, Market outlooks

    Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.

  • 30 March 2015

    Total informed it has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million.

  • 4 April 2018
    Business & Finance

    Oil company Shell has decided to divest its stake in an offshore block in Palestine. The company, through its affiliate BG Great Britain Limited, has reached an agreement with Palestine Investment Fund (PIF) to divest its entire interest and operatorship in the Gaza Marine license.  Gaza Marine license was Shell’s only project in Palestine. “This […]

  • 6 December 2016

    Australia’s Origin Energy is going to divest its upstream business to focus on its Energy Markets and Integrated gas businesses. The company on Tuesday said it would load off its conventional upstream business, serving Australia and New Zealand, via an Initial Public Offering (IPO). According to Origin, the new company (‘NewCo’) will be a mid-cap upstream […]