Search results for: transaction

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A list of search results

  • 3 January 2017
    Business & Finance

    Triton, a private equity investment company, is now the largest shareholder of DeepOcean, after the investment announced at the end of November 2016 was completed on 31 December 2016. “Through the substantial equity raise and the future support of Triton, DeepOcean is well positioned to weather the downturn in oil & gas markets and also to take advantage […]

  • 25 June 2009

    Specialty chemicals giant Ashland has signed an agreement to sell its global marine services business, Drew Marine, to private equity firm JF Lehman in a transaction valued around $120m (£74m). Based in Boonton, New Jersey, with regional offices in other locations such as Singapore and Rotterdam, Drew Marine has approximately 325 employees and 98 stocking […]

  • 23 January 2015
    Business & Finance

    Dry bulk shipping company Knightsbridge Shipping Limited has filed a registration statement to issue USD 506.9 million-worth of shares in connection with the proposed merger with Golden Ocean Group Ltd. Dry bulk shipping companies Golden Ocean Group Limited and Knightsbridge Shipping Limited agreed to merge, with Knightsbridge as the surviving legal entity in early October last year. […]

  • 30 August 2013

    Harkand, the international subsea inspection, repair, maintenance and light construction group, has confirmed the acquisition of the main assets and business of Veolia Marine Services (“VMS”). The transaction is in line with the announcement of 21 May 2013. The acquisition adds 150 onshore and offshore staff, three dynamically-positioned multi-purpose vessels (MSV) and six work-class remotely operated […]

  • 9 January 2020
    Business & Finance

    Shearwater GeoServices has completed the strategic vessel transaction with CGG. The transaction includes the takeover of five high-end seismic vessels, and the five-year capacity agreement for marine seismic acquisition services between Shearwater and CGG became effective. Preparations for the joint creation of a new streamer technology company continues with expected completion in the first half […]

  • 31 October 2013
    Business & Finance, Operations & Maintenance

    Statoil has now completed the agreement with the Austrian oil and gas company OMV to divest shares in Gullfaks and Gudrun on the NCS and exit Schiehallion and Rosebank fields West of Shetlands. The transaction will enable Statoil to redeploy around USD 7 billion of capital expenditure, around USD 5.5 billion of which is pre-2020. […]

  • 29 May 2014
    Business & Finance

    Norway’s Bergen Group ASA and Calexco S.a.r.l. have finalised the transaction regarding Bergen Group ASA’s sale of the majority interest in NorYards AS to Calexco S.a.r.l. The transaction is pursuant to the terms in the revised SPA announced on March 21st 2014. NorYards AS is now owned 70 % by Calexco S.a.r.l, and 30 % […]

  • 25 May 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) announced yesterday that it had completed previously-announced private offering of $325 million of 8.000% Senior Notes due 2022. The company also announced that it used a portion of the net proceeds from its sale of the 2022 Notes to purchase approximately $186.1 million of its $275.0 million aggregate principal […]

  • 31 July 2008

    Oslo, 29 July 2008: Aker Yards and FLC West have completed the previously announced transaction in which FLC West comes in as a 70 percent shareholder in three shipyards in Germany and Ukraine. The agreement has been approved by all relevant regulatory authorities. The transaction strengthens Aker Yards’ financial capacity and liquidity, and it improves […]

  • 7 July 2016

    Golar LNG on Wednesday completed the transaction receiving proceeds of a US$100 million preferred note from Stonepeak and $116 million for the sale of 50 percent of the share in Golar Power.

  • 23 December 2013

    Kvaerner has today completed the sale of its onshore construction business in North America to Matrix Service Company. The transaction with an enterprise value of USD 80.3 million was settled in cash at closing and the financial effects will be recognised in Kvaerner’s fourth quarter 2013 accounts. The divestment enables Kvaerner to focus its efforts […]

  • 30 July 2008

    Oslo, 29 July 2008: Aker Yards and FLC West have completed the previously announced transaction in which FLC West comes in as a 70 percent shareholder in three shipyards in Germany and Ukraine. The agreement has been approved by all relevant regulatory authorities. The transaction strengthens Aker Yards’ financial capacity and liquidity, and it improves […]

  • 18 December 2013
    Business & Finance

    Navios Europe Inc. (Navios Europe) today announced the closing of the transaction for the acquisition of ten vessels from debtors of HSH Nordbank AG (HSH). The ten vessels are five tankers and five container vessels with an average age of 6.0 years and a current fair market value of approximately $218 million. Five vessels have […]

  • 23 January 2014
    Business & Finance

    Talis Capital, a London based Investment Advisor, completed 2013 with a shipping transaction: the acquisition of a 12,200dwt general cargo vessel, built in 2011. The vessel will operate in the Black, Mediterranean and Azov sea region, alongside the existing fleet. Full ship management services will be provided by INTRESCO LTD; a ship management company based in […]

  • 11 April 2008

    Oceanteam ASA announced today that it has received approval from the Mexican Foreign Investments Commission to complete the purchase of 90% of the shares within Compania Naviera de Transporte Maritimo, SA de CV (‘CONAT’) based in Cuidad del Carmen, Mexico.

  • 19 March 2018
    Business & Finance

    300cubits has completed the first trial shipment in its smart contract deployed on the Ethereum blockchain.

  • 22 May 2006

    Aker Yards and Alstom announced on 4 January 2006 their intention to join forces in shipbuilding and create one of the world leaders in the industry, focused on high value added ships, including world class cruise ships. The transaction is expected to be final on May 31 2006. A new company has been established to […]

  • 24 September 2007

    Shell Development (Australia) Pty Ltd (SDA) today announced that it has signed a strategic agreement with Malaysia’s national oil corporation PETRONAS that will strengthen Shell’s and PETRONAS’ gas asset positions in Malaysia and Australia, respectively.

  • 9 April 2014
    Business & Finance

    Sevan Marine has announced that the previously agreed transaction of 49% of the shareholding in Kanfa to Technip was completed today.   Sevan Marine ASA is specializing in design, engineering and project execution of floating units for offshore applications, based on its patented cylindrical floater technology. Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN. […]

  • 24 February 2011
    Business & Finance, Equipment, Research & Development

      Endeavour International Corporation announces that its wholly owned subsidiary, Endeavour Energy U.K. Ltd., has received all the approvals necessary to finalize the acquisition of an additional 20% working interest in the Bacchus field in the North Sea from Shell U.K. Limited. As a result of the transaction, Endeavour has a total working interest of […]

  • 31 December 2013
    Business & Finance

    Scorpio Tankers Inc. yesterday announced that it will recognize a net gain from sales and write downs of approximately $14.0 million due to the gain on the previously announced VLGC transaction and the write down of some of the older vessels in the fleet as the Company has designated these vessels as “Held for sale”. […]

  • 23 February 2015

    Canadian oil company Talisman Energy Inc. has said today that the Court of Queen’s Bench of Alberta granted a final order approving the proposed arrangement under Spain’s Repsol S.A. will take over Talisman. The arrangement was approved by Talisman shareholders at a special meeting of shareholders held on February 18, 2015. Talisman has also confirmed that the holders of […]