5737 results found for 'matuku'

5737 results found for 'matuku'
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  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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, […]

  • Perenco to build LNG production unit in Gabon

    20 February 2023
    Business & Finance, Business Developments & Projects, Infrastructure

    Anglo-French oil and gas player Perenco has taken a final investment decision (FID) for the construction of a liquefied natural gas (LNG) production unit in Gabon. The LNG plant will be built at the Cap Lopez oil terminal that Perenco acquired from TotalEnergies in 2021. The planned LNG production unit will involve an investment of […]

  • Norway launches fresh offshore licensing round

    29 May 2019

    The Norwegian Ministry of Petroleum and Energy on Wednesday announced the APA 2019 licensing round, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea, and the Barents Sea.

  • 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 […]

  • Statoil extends suspensions for rig trio

    5 December 2014

    Norwegian oil company Statoil has extended the suspension times for three offshore drilling rigs. The company said that the reason for the extended suspension for COSL Pioneer, Scarabeo 5 and Songa Trym semi-submersibles was overcapacity in the rig portfolio. Statoil has also said that the suspensions are also a result of the failed attempts to mature […]

  • DNV Supports Development of New Offshore Rig Concepts (USA)

    6 March 2013

    DNV in North America is awarded a USD 3 million US Department of Energy funded RPSEA project to evaluate and support the development of two cost competitive dry tree semi-submersible rig concepts, suitable for the Gulf Of Mexico in a minimum of 8,000 foot water depth with drilling and production capabilities. The Research Partnership for […]

  • Hornbeck Offshore signs up for new $300 million credit

    16 June 2017
    Business & Finance

    U.S. offshore supply vessel operator Hornbeck Offshore has refinanced its existing $200 million credit facility with a new delayed-draw facility providing for up to $300 million of term loans.  The six-year term of the new credit facility extends the maturity of the old credit facility from February 2020 to June 2023. According to the company’s […]

  • ETIP Ocean reviews grant support for early TRL tech

    12 February 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    The European Technology and Innovation Platform for Ocean Energy (ETIP Ocean) has organized a webinar dedicated to exploring grant funding support mechanisms for energy technologies at early stages of development.

  • PIC Invests GBP 115 Million in Walney Extension

    15 November 2017
    Business & Finance

    The UK-based specialist insurer of pension funds Pension Insurance Corporation (PIC) has invested GBP 115 million to provide debt-financing for the acquisition of a 50% share in the 659MW Walney Extension offshore wind farm. 

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]