BP today announced it has agreed to sell its interests in a number of oil and gas fields in the deepwater US Gulf of Mexico to Plains Exploration and Production Company (‘Plains’) for a total of $5.55 billion, as part of a previously-announced plan to divest the assets and position its Gulf portfolio for long-term [...]
On August 21, the ODS Petrodata daily newswire reported that Grup Servicii Petroliere (GSP) in in negotiations to sell its pipelay vessel GSP Falcon. Contrary to this report, GSP advises there are no negotiations underway for its pipelay vessel GSP Falcon to be sold. GSP Falcon is currently operating in the North Sea, under a pipelay [...]
August 22, 2012 | Posted in
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According to BusinessWeek, Temasek Holdings Pte and China Investment Corp. agreed to invest in Global Telecommunications Infrastructure Trust’s initial public offering in Singapore. The undersea cable unit of Reliance Communications Ltd., GTI Trust (GTI), is selling $250 million to $300 million of stock to four sovereign wealth funds. The offer is a part of the [...]
Greatship Global Offshore Services Pte. Ltd., a Singapore incorporated subsidiary of Greatship (India) Limited (GIL), a subsidiary of The Great Eastern Shipping Company Limited, has contracted to sell its 2010 built Multipurpose Platform Supply and Support Vessel “Greatship Mamta”. The vessel is expected to be delivered to the buyers in Q2FY13. “Greatship Mamta” is a [...]
June 11, 2012 | Posted in
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Further to the announcement dated September 20, 2011, the Boards of NKT Holding A/S and Subsea 7 S.A. have completed their review of strategic alternatives for the future development of NKT Flexibles which has been operated as a joint venture between NKT Holding A/S (51%) and Subsea 7 S.A. (49%) since 1999. Since the announcement [...]
February 3, 2012 | Posted in
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BP announced that it has agreed to sell its interests in the Pompano and Mica fields in the deepwater Gulf of Mexico to Stone Energy Offshore, LLC, a subsidiary of Stone Energy Corp . Under the agreement, Stone Energy will pay BP $204 million in cash. The agreement includes the sale of BP’s 75 per [...]
From 2007 to 2009, the Norwegian Petroleum Directorate (NPD) has acquired 2D and 3D seismic data off Lofoten, Vesterålen and Senja (Nordland VII and Troms II). This data will now be prepared to be sold as one data package towards the end of 2011. The NPD will release more detailed information at a later [...]
Neptune Marine Services Limited announces it has entered into an agreement to sell the Company’s Australian fabrication division to privately owned engineering group Kempe Engineering. Kempe Engineering will purchase the business for approximately $0.4 million while Neptune will retain the existing lease commitments through to their expiration in September 2012. Neptune expects that completion [...]
Trico Marine Services, Inc.announced that it intends to conduct an auction to sell certain additional Towing and Supply vessels, in continuation of the Company’s exit from the Towing and Supply business. The United States Bankruptcy Court for the District of Delaware recently issued an Order approving the auction process for the sale of these [...]
March 1, 2011 | Posted in
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