Search results for: letter

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  • 1 April 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    BW Offshore has signed a Letter of Award (LOA) with Premier Oil for a FPSO to operate on the Catcher oil field in the UK North Sea. The LOA will be converted into a final contract subject to final partner sanction and Department of Energy and Climate Change (DECC) approval, expected to be completed during Q2 2014. The field […]

  • 1 April 2014
    Business & Finance

    BW Offshore has signed a Letter of Award (LOA) with Premier Oil for a FPSO to operate on the Catcher oil field in the UK North Sea.

  • 25 March 2014
    Business & Finance

    d’Amico International Shipping S.A. said that its operating subsidiary d’Amico Tankers Limited (Ireland) and Hudson Partners LLC (CT, USA) have decided to not implement the agreed Letter of Intent, announced in May last year. The LOI was signed for the novation of the contract related to the construction of a new ‘Eco design’ product/chemical tanker […]

  • 17 March 2014

    Germany’s RWE Aktiengesellschaft and LetterOne Group have today agreed terms for the sale of RWE Dea AG for approximately 5.1 billion Euro (USD 7.1 billion)

  • 14 February 2014
    Business & Finance, Project & Tenders

    Electromagnetic Geoservices ASA’s (EMGS), the marine EM market leader, has received a Letter of Intent to award a contract for 1,000 km sq of 3D EM data acquisition, data processing, imaging and integration. The contract is worth approximately USD 8.3 million, and will be conducted for a client in North-West Africa. “Based on growing demand from […]

  • 27 January 2014
    Business & Finance

    Höegh LNG has received commitments letters from seven international banks for a USD 400 million Senior Secured Credit Facility for the financing of FSRU #3 and FSRU #4. The Facility has a five year post delivery tenor and a fifteen years repayment profile. The Facility is without charter employment requirements and available also for pre-delivery […]

  • 9 December 2013
    Business & Finance

    Northern Offshore, Ltd. announced that the company has executed a letter of intent with CAMAC International Limited, an affiliate of CAMAC Energy Inc., for the drillship Energy Searcher. The letter of intent, which is subject to customary conditions, provides for a subsidiary of Northern Offshore to work towards executing a definitive drilling contract on or […]

  • 20 November 2013

    OSX Brasil S.A. (OSX), a Brazilian publicly held corporation, today announced that it was informed by Banco Votorantim S.A. (Votorantim) that Votorantim honored the guarantee letter from Banco Nacional de Desenvolvimento Econômico e Social (BNDES) related to the execution of the bank guarantee for the bridge loan taken by the subsidiary OSX Construção Naval S.A. […]

  • 1 November 2013
    Business & Finance, Operations & Maintenance

    Reach Subsea AS announced that the company has signed a Letter of Intent with DOF Subsea in Norway for the charter of Normand Reach for a 2 year firm contract with 2 yearly options. Reach Subsea shall provide subsea services including 2 Reach Subsea WorkROV systems and personnel to DOF Subsea from the newbuild MPSV […]

  • 23 October 2013
    Business & Finance

    ERMA FIRST S.A. one of the leading companies for Ballast Water Treatment, is amongst the very few companies that have already received the acceptance letter from USCG. ERMA FIRST BWTS received its AMS Acceptance letter on October 11th. The ERMA FIRST BWTS is a unique and innovative system designed and manufactured using profound technology and […]

  • 13 September 2013
    Business & Finance, Project & Tenders

    Electromagnetic Geoservices (EMGS) has received a Letter of Intent to award a contract for a minimum USD 8 million for 3D EM data acquisition in West Africa. It is expected that the 3D EM survey program will be performed using the vessel EM Leader. The vessel is already mobilizing to the region. “Based on demand […]

  • 22 August 2013
    Business & Finance

    Governor Rick Scott sent the below letter to Brigadier General Donald E. Jackson of the U.S. Army Corps of Engineers, South Atlantic Division regarding the Lake Okeechobee Herbert Hoover Dike System and the lack of federal investment for regional restoration projects. Governor Scott stated: “I am writing regarding the Corps of Engineers’ inaction that led […]

  • 21 June 2013
    Business & Finance

    The St. Joe Company announced that it has signed a Letter of Intent (LOI) with Enova Energy Group (“Enova”), a full service, clean energy development company specializing in development and operations of contracted renewable based assets. The LOI contemplates economic development opportunities for Florida’s Northwest region, including the potential to bolster usage of the AN […]

  • 14 June 2013
    Business & Finance

    The Crowley Maritime Corp. tugboat Explorer has been awarded with a letter of commendation from the Chamber of Shipping of America (CSA) for assisting a stricken vessel 30 miles west of Providenciales, Turks and Caicos Islands, in December. Crowley crew members quickly responded to the 20-foot vessel, which had run out of fuel, providing the […]

  • 21 May 2013
    Business & Finance

    Höegh LNG announced that it has received commitment letters from five international banks for a USD 299 million limited recourse facility for the financing of the Lampung FSRU  project. The facility includes USD 237 million in long term financing for the FSRU, and USD 62 million in construction financing for the Mooring System. The FSRU […]

  • 21 May 2013

    Höegh LNG said it has received commitment letters from five international banks for a USD 299 million limited recourse facility for the financing of the Lampung FSRU  project. The facility includes USD 237 million in long term financing for the FSRU, and USD 62 million in construction financing for the Mooring System. The FSRU loan […]

  • 17 December 2012
    Business & Finance

    TGS announces that it has signed a Letter of Intent with Dolphin Geophysical AS to charter the 16 streamer new build vessel, M/V Sanco Swift, for 3D multi-client projects in Europe during the 2013 summer season. The charter will begin in July and last for approximately three months. The details of the individual projects to […]

  • 12 December 2012
    Business & Finance, Operations & Maintenance

    Electromagnetic Geoservices ASA (EMGS) announces that it has received two Letters of Intent for contracts totalling approximately 10 weeks of 3D EM data acquisition in Asia. The surveys will be performed using the vessel EM Leader following completion of the previously announced contract for Shell in Malaysia. “The backlog we have secured in Asia confirms […]

  • 30 November 2012
    Business & Finance

    Dolphin Geophysical announces that they have received a Letter of Intent (LOI) for 2.5 months 3D project in North West Africa, with an undisclosed client. The survey will be acquired by the Artemis Arctic, in direct continuation of the current project. Dolphin Geophysical operates a fleet of new generation, high capacity seismic vessels and offers […]

  • 13 September 2012

    Boustead Heavy Industries Corporation Berhad  announces that its associate company, Boustead Naval Shipyard Sdn. Bhd., has on 7 September 2012 received a Letter of Award dated 3 September 2012 from the Ministry of Defence Malaysia for the supply and delivery of spare parts, maintenance services and training for the 23rd Frigate Squadron of the Royal […]

  • 17 August 2012
    Business & Finance

    Hoegh LNG has received commitment letters from four banks for a USD 250 million corporate facility for the financing of the floating LNG storage and regasification unit (FSRU), being built at Hyundai Heavy Industries Ltd. shipyard in South Korea. The Facility is subject to credit guarantees by the Norwegian credit agency GIEK and the Korean […]

  • 17 August 2012

    Höegh LNG of Norway said it has received commitment letters from four banks for a USD 250 million corporate facility for the financing of the Lithuania FSRU. The Facility is subject to credit guarantees by the Norwegian credit agency GIEK and the Korean credit agency K-sure, which has been provided through an Offer for Guarantee […]

  • 2 August 2012

    At this time, a second round of public consultation regarding the Atlantic Array offshore wind farm is underway. This has induced an opposition group called the Atlantic Disarray to organize a public meeting on Friday to determine the best way to respond to RWE. According to This is North Devon news site, the group called […]

  • 24 July 2012

    Many environmental groups are urging the Obama administration to continue to push forward for wind development offshore east coast, according to the Associated Press. One of the groups, Environment Virginia, will release a letter today supporting this viewpoint. Besides environmental groups, many business owners, legislators and conservationists are backing this letter. Because the long legal […]

  • 23 July 2012

    Scottish First Minister has received another open letter from Donald Trump regarding offshore wind turbines, which are to be built near the coast. Mr. Trump said in his letter that the SNP’s concept of tax breaks for the golfing industry is a very good idea which will have a great impact. Nevertheless, he argued against […]