5818 results found for 'matuku'

5818 results found for 'matuku'
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  • TGS scores new OBN contracts

    9 February 2023
    Business & Finance, Business Developments & Projects

    Norwegian seismic player TGS has teamed up with CGG, the French geophysical services company, to carry out the acquisition and imaging of a dense ocean bottom node (OBN) multi-client seismic survey in the Balder and Ringhorne areas of the Norwegian Continental Shelf (NCS).

  • Trafigura Secures USD 1.5 Bn of Finance Deals

    7 October 2019
    Business & Finance

    The loans were oversubscribed and upsized, with 27 banks participating in the transaction.

  • Rolls-Royce to deliver LNG engine for Balearia’s ferry

    20 February 2015
    Equipment, Project & Tenders, Vessels

    Rolls-Royce said it has signed a collaboration agreement with Gas Natural Fenosa to develop and install a pure-gas Bergen engine aboard the Baleària-operated ferry Abel Matutes.

  • Santos Executes A$2 Billion Bilateral Bank Facility (Australia)

    19 July 2010

    Santos today announced it has executed a A$2 billion bilateral bank loan facility. This new facility will be used to refinance Santos’ existing A$700 million of undrawn bilateral bank facilities that mature between 2011 and 2013 and to increase liquidity. Santos Executive Vice President and Chief Financial Officer Peter Wasow said the refinancing of these […]

  • Gener8 Maritime Takes USD 60 Million Loan to Fund VLCC Newbuilding

    28 October 2015
    Business & Finance

    New York-headquartered crude oil shipping company Gener8 Maritime has entered into a USD 60.2 million term loan facility with Citibank to fund a portion of the remaining installment payments due under the shipbuilding contract for one very large crude carrier (VLCC) newbuilding. The VLCC in question is the 333-meter Gener8 Strength, currently under construction at Shanghai […]

  • HMM’s Capital Reduction Approved as Creditors Reject Debt Rescheduling

    18 March 2016
    Business & Finance

    Troubled South Korean shipping company Hyundai Merchant Marine (HMM) has been allowed to stay listed on the local stock exchange as the company’s shareholders approved a 7-to-1 capital reduction proposal at a general meeting today, the company said in a stock exchange filing. The proposal adoption comes on the back of Korea Development Bank’s (KDB) decision […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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, […]

  • 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 […]

  • 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 […]

  • 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 […]

  • GasLog Reveals USD 1.05 Bn in Financing

    20 June 2016
    Business & Finance

    Monaco-headquartered owner and operator of liquefied natural gas (LNG) carriers GasLog Ltd. has launched a debt financing of USD 1.05 billion with a number of international banks to re-finance six legacy vessel facilities. The company said that the re-financing covers eight on-the-water vessels, which were delivered between 2010 and 2015. The vessels in question are the GasLog […]

  • Siem Offers Subsea 7 Shares as Option for New Bond

    26 May 2016
    Business & Finance

    Siem Industries has launched an offering of EUR 200 million senior secured exchangeable bonds due 2021, exchangeable for common shares of Subsea 7, exclusively by way of a private placement to international institutional investors. Siem added that the offering amount may be increased by up to EUR 75 million should the increase option be exercised […]