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  • 3 November 2014

    Dominion submitted a request to begin pre-filing process with FERC.

  • 6 February 2015
    Business & Finance

    Subsea services company Reef Subsea has announced bankruptcy, Norwegian media writes. Because of this, several hundred employees will lose their jobs. Stavanger-based Hitecvision is a full owner of Reef Subsea, in which it invested around NOK 400 million (approximately EUR 47 million) by the end of 2013 and another NOK 100 million (EUR 12 million) last year. Reef Subsea is […]

  • 30 August 2012
    Business & Finance

    In past few days P+S WERFTEN has been involved in intensive discussions with the representatives of the German Federal State of Mecklenburg-Western Pomerania and the German Federal Government, and with its customers, suppliers, employees, the trade union IG Metall Küste and with banks to find a way towards an economic future for P+S WERFTEN. Rüdiger […]

  • 4 June 2014
    Business & Finance

    Buccaneer Energy Limited and its U.S. subsidiaries filed voluntary petitions for reorganisation under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Victoria Division. The Company’s filing was made on the eve of a 1 June 2014 deadline established by the Alaska Oil and Gas Conservation […]

  • 18 February 2019
    Business & Finance

    German manufacturer of wind turbine towers and foundations Ambau has filed for bankruptcy at the Cuxhaven district court. The main reason for the bankruptcy filing is reportedly insolvency due to the lack of orders. Ambau currently employs around 350 people at two locations in Cuxhaven and Gräfenhainichen. The Cuxhaven district court has appointed provisional bankruptcy […]

  • 25 September 2014
    Business & Finance

    EXMAR NV has filed for a registration statement with the United States Securities and Exchange Commission (SEC) to raise up to USD 125 million in an initial public offering of shares in the master limited partnership (MLP). The number of common units to be offered and the price range for the offering that will be traded under the […]

  • 14 December 2015

    Dolphin Group, a Norway-based seismic acquisition specialist, will today file for bankruptcy after an attempt to restructure the company failed. Simultaneously with the company filing for bankruptcy, its subsidiary Dolphin Geophysical AS will file a petition for bankruptcy with its relevant court. Tim Wells, Dolphin Chairman and Atle Jacobsen, CEO, said that the company had to […]

  • 28 December 2017
    Business & Finance

    Houston-based oil company Hyperdynamics on December 22 filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. 

  • 30 April 2020
    Business & Finance

    Cash strapped German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for the opening of insolvency proceedings at the local court in Flensburg. The court has approved the application and ordered a provisional self-administration, according to the documents seen by Offshore Energy. The process allows the company’s management to remain in control while the company restructures financially. […]

  • 15 November 2012

    A lawsuit was filed in Miami-Dade County Circuit Court on behalf of Plaintiff Ferguson Enterprises, Inc. against Grupo Unidos Por El Canal, S.A., a consortium of leading construction companies. The group includes Spain’s Sacyr Vallehermoso, Italy’s Impregilo, Belgium’s Jan de Nul and Panama’s Constructora Urbana (Cusa). GUPC is based in Panama City, Panama. The consortium […]

  • 16 December 2015
    Business & Finance

    Brazilian shipbuilder Estaleiro Ilha S.A. (Eisa) has filed for bankruptcy having struggled for months with order cancellations and industry downturn. The announcement comes one day after the shipyard closed its doors due to money shortage that saw the shipbuilder lay off 3,000 of employees. The bankruptcy proceedings include the business headquarters located in the Governador Island […]

  • 1 June 2015
    Business & Finance

    Nordseewerke from Emden, Germany, has filed for bankruptcy due to the upcoming imminent insolvency, CEO Thierry Putters told German media. This affects 188 employees, of whom 80 percent have been working short-time since September 2014. The shipyard was founded in 1903 and was taken over by the steel company Siag Stahl in 2010. Following the bankruptcy of […]

  • 4 November 2014
    Business & Finance

    Debt-stricken French ferry operator Société Nationale Maritime Corse Méditerranée (SNCM) plans to file for bankruptcy, which might enable the company to avoid paying back the EU aid. According to a court ruling from September, SNCM was ordered to pay USD USD 550 million of French state aid. According to the ruling,  the European Commission had been wrong to […]

  • 14 December 2015
    Business & Finance, Operations & Maintenance

    Norwegian seismic player Dolphin is filing for bankruptcy after failing to secure financial support to keep the business afloat. The oil price drop has been particularly tough for the offshore seismic market, forcing all service providers to restructure and try to adapt to challenging times. The Oslo-listed company has, over the past few months, looked for […]

  • 30 January 2015
    Business & Finance

    German steel construction company, Weserwind, filed for bankruptcy yesterday, that will affect 370 employees. According to Nordsee-Zeitung , Weserwind parent company, Georgsmarienhütte, stoped payments for high loss making subsidiary which led to this outcome. It is “no longer economically feasible and justifiable to support WeserWind with additional capital,” the company said. In addition, Bremerhaven-based company is […]

  • 30 January 2015
    Business & Finance

    German steel construction company, Weserwind, filed for bankruptcy yesterday, that will affect 370 employees. According to Nordsee-Zeitung , Weserwind parent company, Georgsmarienhütte, stoped payments for high loss making subsidiary which led to this outcome. It is “no longer economically feasible and justifiable to support WeserWind with additional capital,” the company said. In addition, Bremerhaven-based company is […]

  • 15 November 2012

    Overseas Shipholding Group, a market leader providing global energy transportation services, filed voluntary Chapter 11 petitions for itself and certain operating subsidiaries in the U.S. Bankruptcy Court for the District of Delaware. The company intends to use the Chapter 11 process to significantly reduce its debt profile, reorganize other financial obligations and create a strong […]

  • 12 December 2012
    Business & Finance

    DHT Holdings, Inc. announced that Overseas Shipholding Group, Inc. and certain of its subsidiaries filed rejection motions on December 6, 2012 with the U.S. Bankruptcy Court for the District of Delaware, which motions seek the Court’s approval to reject the bareboat charters for the Overseas Newcastle and the Overseas London. Pursuant to these two bareboat […]

  • 29 April 2014

    The Government of Ukraine and NJSC Naftogaz decided to submit a lawsuit against the Russian company Gazprom. Prearbitral note has been sent to Gazprom, Ukrainian PM Arseniy Yatsenyuk informed at a press conference on Monday, April 28. He said that the issue on further bilateral relations with Russian Gazprom was discussed at a meeting of […]

  • 30 April 2012
    Authorities & Government, Business & Finance

    PowerWind GmbH has filed for the opening of insolvency proceedings under debtor’s self-administration on 24 April 2012. New German insolvency law offers excellent options for sustainable restructuring. PowerWind GmbH has filed for the opening of insolvency proceedings under debtor´s self-administration [“Insolvenzverfahren in Eigenverwaltung”] with the local court of Hamburg on Tuesday, 24 April 2012. Important […]

  • 5 February 2015
    Business & Finance

    Losses in the dry bulk sector triggered by low freight rates have forced Danish shipping company Copenship A/S to file for bankruptcy, Reuters reports. Copenship A/S, a privately owned company incorporating Copenship Bulkers A/S, Copenship MPP A/S and Copenship Singapore, had managed a fleet of more than fifty chartered small-sized bulkers. Copenship CEO Michael Fenger told Reuters […]

  • 10 September 2013
    Business & Finance

    German wind energy developer, Windreich AG, filed for insolvency last week while the company’s CEO Willi Balz submitted his resignation yesterday. Werner Heer has assumed the role of the new CEO. With this step, Windreich tightened the course for the rehabilitation of the company. In cooperation with the previous management, Heer will focus in particular […]