Search results for: payments

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A list of search results

  • 27 December 2019
    Business & Finance

    Electromagnetic Geoservices (EMGS) has seen progress in experiencing delays in payment and approval of invoices for an acquisition contract in the Americas. The delays in payment and approval of these invoices continues. However, the company is experiencing progress both with regards to payment of approved invoices and approval of invoices ready for final submission to […]

  • 21 December 2005

    WASHINGTON – A Navy plan to pay Gulf Coast shipbuilders about $1.7 billion for losses related to damages and construction delays from Hurricane Katrina may overstate the actual costs and could dampen efforts to collect insurance payments

  • 20 August 2008

    Operator Dong E&P Norge has hit pay in its Ipswich exploration well near the Oselvar discovery in the Norwegian sector of the North Sea, the Norwegian Petroleum Directorate (NPD) said. Wildcat well 1/3-11 and sidetrack 1/3-11 T2 were drilled around 10km south of the 1/3-6 Oselvar find, with the aim of proving up petroleum in […]

  • 23 April 2018
    Business & Finance

    French vessel owner and offshore services provider Bourbon has received approval from bondholders to postpone its next interest payment of €3.9 million by one year. The company has earlier initiated discussions with its main financial partners, both in France and abroad, in order to balance the servicing of its debt with the expected gradual market […]

  • 2 January 2015

    Afren plc has announced that it has secured, from its former CEO, Osman Shahenshah, and former COO, Shahid Ullah, a cash payment of US$17.1 million in relation to payments made to them that were not authorized by the Board, and as first announced by the company on 31 July 2014. In addition, the company has secured […]

  • 25 January 2016
    Business & Finance

    Horrendous market conditions especially in the dry bulk shipping industry continue to exert the limitations of dry bulk owners the latest victim being Goldenport Holdings Inc. Namely, the Athens-based owner and operator of a fleet of dry bulk and container vessels, announced suspension of debt servicing as of 22 January 2016. “The economics of the […]

  • 12 November 2013
    Business & Finance

    Wave energy developer Carnegie Wave Energy Limited announces the receipt of $334,882 from the Australian Government for the completion of the CETO Unit Milestone 7a of the Perth Wave Energy Project. This is in addition to $324,439 received from the Western Australian State Government. Carnegie received $334,882 for completion of the CETO Unit milestone 7a […]

  • 24 November 2015
    Business & Finance

    Greek dry bulk shipping company Navios Maritime Holdings reported decreased revenue of USD 131 million for third quarter, ended September 30, 2015, compared to USD 152.5 million for the same period last year. Revenue from drybulk vessel operations for the quarter was USD 63.6 million as compared to USD 73.5 million for the same period in 2014. The decrease in […]

  • 4 March 2015

    Afren, a cash-strapped, London-listed independent oil and gas company, with assets in Africa, has decided at the expiration of the 30 day grace period, not to pay US$15m of interest which was due on February 1, 2015 under its 2016 Notes. Afren has said it has opted for this move in light of the Company’s current liquidity position […]

  • 24 October 2016
    Business & Finance, Operations & Maintenance

    Oceanteam informed that it will not meet its interest payments on the senior unsecured bond due on Monday, October 24, 2016. As part of the financial restructuring that was announced October 20th 2016, Oceanteam has already entered into dialogues with its banks and largest bondholders. The company said it will continue this process with all its […]

  • 24 October 2016
    Business & Finance

    Norwegian-Dutch offshore service provider Oceanteam informed on Sunday it will not meet its interest payments on the senior unsecured bond due on Monday, October 24, 2016.  This information was preceded by Oceanteam’s initial talks with banks last week kicking off the company’s planned capital restructuring. As part of the financial restructuring that was announced on October […]

  • 13 July 2017
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Carnegie Clean Energy has over the past weeks received around $655,000 of government grant funding for its microgrid and wave energy projects.

  • 27 October 2010
    Business & Finance

    Skykon has today filed for a suspension of payments. The creditors will shortly receive additional information from the supervisor on the further course of events. “The wind turbine industry is project based and very cyclical, and it is currently being affected by a number of negative factors in the wake of the financial crisis. These […]

  • 21 February 2017

    Boa Shipping , a wholly owned subsidiary of Norwegian shipowner Boa Offshore, has received approximately USD 16 million as dividend on its claim against Gulmar Offshore Middle East. Namely, the claim relates back to 2009 when the charter contract for the vessel Boa Rover was cancelled and disputed by Boa Shipping. The accounting effect is […]

  • 7 May 2018
    Business & Finance

    The payment process in container shipping ready for digital disruption.

  • 21 June 2019
    Business & Finance

    The Hornsea Project One offshore wind farm has begun receiving Contract for Difference (CfD) payments. The Low Carbon Contracts Company (LCCC) began allocating the payments for the first phase of the 1.2GW offshore wind project as it passed the required tests for its Operational Conditions Precedent (OCP). The first project phase, with a capacity of 400MW, achieved a […]

  • 24 June 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Australian oil and gas company FAR Limited is in default of its payments for the Woodside-operated Sangomar development located offshore Senegal

  • 8 March 2016

    Egyptian Natural Gas Holding Company (EGAS) began with payments to LNG suppliers under the extended 90-day payment terms.

  • 25 July 2014
    Business & Finance

    The Supreme People’s Court of China has blacklisted Jiangsu Eastern Heavy Industry (JEHI), a subsidiary of Singapore-listed JES International for failing to settle its debt obligations.   JEHI has yet to pay up RMB15m (USD 2.4m) stemming from 5 separate lawsuits filed between January and April 2014 by various equipment suppliers, Seatrade Global reports. The Supreme Court has put JEHI on […]

  • 8 May 2005

    For the shipbuilding industry, changes approved by Congress for the way the Navy pays for warships may have been the equivalent of the industry’s ship coming in. Next fiscal year’s $2.6 trillion federal budget allows the Navy to buy a ship over several years, instead of setting aside full funding in a single year.

  • 21 June 2019
    Business & Finance

    The Hornsea Project One offshore wind farm has begun receiving Contract for Difference (CfD) payments. The Low Carbon Contracts Company (LCCC) began allocating the payments for the first phase of the 1.2GW offshore wind project as it passed the required tests for its Operational Conditions Precedent (OCP). The first project phase, with a capacity of 400MW, achieved a […]

  • 22 January 2016
    Vessels

    Egyptian Natural Gas Holding Company (EGAS) said it has postponed BP’s LNG delivery for the later part of the year, denying having problems with payments for the LNG cargo.