5780 results found for 'matuku'

5780 results found for 'matuku'
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  • Penang Port needs north channel dredged too

    26 November 2009

    The Edge Malaysia reports that an investment of more than RM1.1 billion to upgrade Penang Port “will come to naught” if the port’s north channel is not deepened. So said Penang Port Sdn Bhd’s managing director Datuk Ahmad ibni Hajar recently, noting that the federal government in Malaysia had shelved the RM355 million channel dredging […]

  • Joint Malaysia-Philippines operation enhances maritime security

    18 May 2005

    The presence of maritime security forces of both Malaysia and the Philippines has curbed undesirable activities in the east coast in particular, the Sulu Sea region. Director of Malaysia Maritime Enforcement Agency, First Admiral Datuk Abdul Hadi Abdul Rashid said he noted that the presence of both maritime security forces in the area has deterred […]

  • Moody’s Lowers Teekay’s Rating Again

    18 April 2016
    Business & Finance

    Bermuda-headquartered shipping company Teekay Corporation has seen its corporate family rating downgraded for the second time this year from B2 to B3 due to financial concerns, according to Moody’s rating agency. Furthermore, Moody’s said that it downgraded Teekay’s senior unsecured debt rating from B3 to Caa1, adding that the ratings are under review for further downgrade. “The rating downgrades reflect […]

  • BP Restructuring to Secure Long Term North Sea Future

    23 October 2007

    BP is today announcing proposed plans for important changes to its North Sea organisation, headquartered in Aberdeen, designed to secure a long-term future for the company’s oil and gas business in the UK. The changes are intended to simplify the organisation and improve the efficiency of work processes in response to the challenges of the […]

  • Pacific Drilling Closes Three Transactions Totaling $2 Bln

    4 June 2013

    Pacific Drilling S.A. announced today the closing of three financing transactions totaling $2 billion. The transactions included an offering of $750 million in 5.375% senior secured notes due 2020, a $750 million senior secured term loan with 2018 maturity, and a $500 million senior secured revolving credit facility also maturing in 2018. Net proceeds from […]

  • France: GDF SUEZ Launches First Euro ‘Century Bond’

    10 March 2011

      The GDF SUEZ Group has successfully launched a €300 million bond issue with 100-year maturity and 5.95% coupon. This is the first 100-year issue denominated in euros ever floated in the market. This issue once again illustrates investors confidence in GDF SUEZ long-term outlook and the permanent financial innovations of the Group. It provides […]

  • Norwegian Government Approves Martin Linge Development Plan

    3 April 2012
    Business & Finance, Operations & Maintenance, Research & Development

    The Norwegian Government approved the development plan for the Martin Linge gas field. Until now the licensees have referred to the field as Hild. Located in the northern part of the North Sea, the field is about 150 kilometres west of Kollsnes. Total investments in the development amount to about NOK 26 billion, with recoverable […]

  • Rough waters ahead for UK’s oil industry

    2 February 2015

    Oil & Gas UK’s Business Sentiment Index published today reveals that in the fourth quarter of 2014 optimism in the oil and gas industry fell dramatically, dropping 16 points to -23 points on a -50/+50 scale.   According to the Oil&Gas UK, the downfall continues the downward trend seen over the last seven quarters and […]

  • DMS Confident Of Winning Govt Contracts To Build Boats Under 9MP

    4 April 2005

    Local boat builders, Destination Marine Services Sdn Bhd (DMS) is hoping to win contracts worth RM100 million from the government to build boats under the Ninth Malaysia Plan (9MP). The company’s managing director, Datuk Abdul Aziz Sheikh Fadzir, said that the company’s confidence in winning the contracts was based on its years of experience and […]

  • STIDC To Seek Extra Land In Tanjung Manis For Shipbuilding

    14 March 2007

    The Sarawak Timber Industry Development Corporation (STIDC) hopes to obtain another 49 hectares of land to facilitate the shipbuilding industry in the new township of Tanjung Manis in Sarikei near here. Minister of Urban Development and Tourism Datuk Sri Wong soon Koh said an earlier allocation of 81 hectares for the industry had been fully […]

  • Wentworth Granted USD 10 Mln Long-Term Debt Facility (Tanzania)

    21 June 2013
    Business & Finance

    Wentworth, the Oslo Børs and AIM listed oil and gas exploration and production company, announced the completion of a US$10 million long-term debt facility, further to their Q1 2013 results announcement of 23 May 2013. On 20 June 2013, the Company executed a US$10 million term loan facility that matures on 31 December 2017. The […]

  • Fugro Secures USD 909 Million Long Term Funds (UK)

    8 August 2011
    Business & Finance, Operations & Maintenance

    Fugro has reached agreement with 27 US and UK investors with respect to new US Private Placement loans to a total amount of USD 909 million equivalent. The loans are denominated in US Dollars (750 million), British Pounds (67.5 million) and Euros (35 million) and have an average coupon of 4.5%. The maturity of the […]

  • Petrobras inks $4.35bn credit facility with bank syndicate

    8 March 2018

    Brazilian oil company Petrobras has signed a revolving credit facility in the amount of $4.35 billion, with maturity in March 2023.

  • MOL Signs Deal for USD 988 Mn Loan

    30 September 2016
    Business & Finance

    Japanese shipping company Mitsui O.S.K. Lines (MOL) has entered into an agreement for a JPY 100 billion (USD 988.6 million) loan as it is looking to expand into the liquefied natural gas (LNG) carrier and offshore businesses. MOL said it will use the hybrid loan, which has a maturity date of September 2076, to invest in its growth […]

  • MHI Vestas Gets New Co-CEO

    3 November 2016
    Business & Finance

    Mitsubishi Heavy Industries’ Tetsushi Mizuno has been appointed a new Co-CEO of MHI Vestas Offshore Wind, a joint venture between MHI and Vestas. Mizuno will replace Jin Kato, who will stay on as a senior advisor to the company for the next six months before reassuming a senior role at MHI in Japan. Mizuno comes from a position […]

  • Mediterranean Oil & Gas Reviews Area 4 Offshore Malta

    12 October 2012
    Business & Finance, Operations & Maintenance, Research & Development

    Mediterranean Oil & Gas Plc announces the results of an independent evaluation of Malta Offshore Area 4 (“Area 4”) currently owned 100% by MOG through its wholly owned subsidiary, Phoenicia Energy Company Limited (“PECL”). PECL entered into a farm-out agreement with Genel Energy Plc in August 2012 to sell 75% of PECL’s interest in Area […]

  • Invests $150 million in Core Energy

    29 November 2010

    Norwegian private equity investor HitecVision has invested $150 million in an independent oil and gas company Core Energy. Energy is a newly established company which aims to take part in the value creation potential of mature fields on the Norwegian Continental Shelf. The company aims to acquire interests in producing fields on the NCS and […]

  • Shell Technology Webcast

    21 September 2006

    As the easy oil becomes more difficult to find and produce, how do oil and gas companies squeeze more barrels out of existing resources? How can technology unlock more oil in each reservoir, extending the life of mature fields? How can Enhanced Oil Recovery (EOR) techniques contribute to energy security? On Thursday 28th September at […]

  • Asset trio stake sale to Inpex fueling Pandion’s growth ambitions

    22 July 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Norway’s oil and gas company Pandion Energy has signed an agreement to sell its stakes in three assets offshore Norway to Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex.

  • Oil & Gas UK welcomes Budget 2016 boost

    17 March 2016

    Oil & Gas UK, a body representing the oil and gas players in the UK, has welcomed the Chancellor of the Exchequer’s “acknowledgment of the challenges facing the industry.” To remind, George Osborne, the Chancellor on Wednesday presented his Budget 2016 to the UK parliament, in which it has been revealed that the oil and […]

  • Collaboration and innovation are keys to maximizing recovery from North Sea

    1 October 2014

    The North Sea is becoming a mature basin. Production is in decline and investments in exploration are decreasing, while infrastructure ages.  Instead of a few big players, many smaller operators, including independents, are trying to squeeze the last reserves out of the subsurface. Recently, Sir Ian Wood released a report on the future of the […]

  • Havila in refinancing attempt. Loses contract in Brazil

    5 January 2016

    Norway’s offshore shipowner Havila Shipping doesn’t see any improvements in the offshore supply vessel sector any time soon, and expects “severe” financial challenges for the period of 2016-2018.  The company on Tuesday said the downturn in the offshore market and expected continuing fall in market values and activity going forward has, as for other players […]

  • Norway: Statoil Focuses on Improved Recovery

    17 January 2012
    Business & Finance

    Norwegian energy company Statoil has matured more reserves through improved recovery than the Skrugard and Havis discoveries combined in 2011. The company is now strengthening its focus on improved recovery. “2011 will always be remembered for the major finds on the Norwegian continental shelf (NCS), while at the same time we have completed a great […]

  • Moody’s: Navios Maritime Partners’ Outlook Negative

    19 May 2016
    Business & Finance

    Greek owner and operator of container and dry bulk vessels Navios Maritime Partners has seen its corporate family rating (CFR) downgraded to B3 from B2, its probability of default rating (PDR) to B3-PD from B2-PD and the rating on Navios Partners’ USD 408.3 million senior secured term loan to B3 from B2, Moody’s rating agency said. Furthermore, […]

  • Malaysia orders probe on port scandal

    5 November 2009

    Malaysia has ordered that the former President of the International Association of Ports and Harbours (IAPH) and ex-Port Klang General Manager Datin Paduka O C Phang and the country’s former Transport Minister Datuk Chan Kong Chye, be investigated for impropriety and criminal breach of trust. The recommendation for the probe came from the Public Accounts […]