Topaz Financial Results Ending June 2017
Topaz Energy and Marine has announced its results for the six months ended June 30, 2017. Overall core fleet utilization at 62%, while we continue to demonstrate resilience in Azerbaijan with utilization at 95%. Robust EBITDA margin of 50%, despite utilization and rate pressure in Africa and MENA. Resolute focus on cost control across the organization has resulted in savings of US$14m for H1 2017 compared to the same period last year.
Project Proposals Show Shrinking Cost of Big Solar - ARENA
The latest step in an ARENA program to support the construction of large-scale solar photovoltaic (PV) plants in Australia has shown how quickly the cost of building new plants is falling as momentum in the sector builds. The Australian Renewable Energy Agency’s (ARENA) large-scale solar PV competitive funding round closed last week, receiving 20 eligible applications. The proposals are seeking $211 million funding towards $1.6 billion worth of projects with 757 MWs of total capacity.
Topaz Energy and Marine Net $ 20.8m Profit
Topaz Energy and Marine, a leading offshore support vessel company, today announces its results for the year ended 31 December 2015. * Net Profit for the period was US$ 20.8m before exceptional items, impairment charge of US$71 million on vessels and a one-off charge of US$8.3 million associated with debt re-financing. * The key Caspian region continued to perform strongly with robust core fleet vessel utilization of 96% (94% in 2014).
Chinese Loan to Petrobras may Clear most Debt
A Chinese loan of up to $10 billion to Brazil's Petrobras could pay nearly all its $12 billion in maturing obligations in 2016, easing pressure on the oil company as it struggles to fix its troubled finances by selling assets and slashing spending. The credit line to Petroleo Brasileiro SA, as state-run Petrobras is formally known, is from China Development Bank and was announced on Friday. It is for $5 billion to $10 billion and can be repaid in cash or oil at China's request…
Dorian LPG Post 3Q 2016 Profit
Dorian LPG Ltd. a leading owner and operator of modern very large gas carriers, today reported its financial results for the three months ended December 31, 2015. John Hadjipateras, Chairman, President and Chief Executive Officer, commented, "The third quarter was an extremely busy period for Dorian as we took the delivery of seven new Eco-design VLGCs. Our cash flow generated from operations has allowed us to repurchase an additional 480…
Dorian LPG Posts 2Q Profit
Dorian LPG Ltd. a leading owner and operator of modern very large gas carriers today reported its financial results for the three months ended September 30, 2015. John Hadjipateras, Chairman, President and Chief Executive Officer, commented, "We took the delivery of five new Eco-design VLGCs this past quarter and are nearing the completion of the build-out of our fleet. We continue to find prompt employment out of the yard for our newbuildings…
Giant Step for Large-scale Solar at Broken Hill
Just off the Barrier Highway, a new “big” Australian landmark is on the cusp of completion with the installation of the final solar panel at the Broken Hill Solar Plant. ARENA, AGL and First Solar today joined NSW Minister for Industry, Resources and Energy, the Hon Anthony Roberts MP and NSW Minister for Environment and Heritage, the Hon Mark Speakman on site to see the last of 677,760 solar panels installed. Acting ARENA CEO Ian Kay congratulated AGL and First Solar on the milestone.
Vallianz 2Q Profits Surpass Expectations
Vallianz Holdings Limited, a fast growing provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has remained firmly in the black despite weaker business conditions in the global offshore oilfield services market. The Group today reported a net profit of US$4.6 million for the three months ended 30 June 2015 (“2Q 2015”). The Group’s revenue continued to grow strongly in 2Q 2015 with a gain of 68.6% to US$65.0 million.
Kenya's KenolKobil H1 2015 Pretax Profit Rises Up
Kenyan oil marketer KenolKobil said on Monday its first half 2015 pretax profit had risen 69 percent to $13.36 million as the cost of servicing its loans fell. It said in a statement total sales fell to 34.9 billion shillings from 43.2 billion shillings, while the cost of sales dropped to 31.9 billion shillings from 40.63 billion shillings. KenolKobil, which also operates in Uganda, Tanzania, Rwanda, Zambia…
Dorian LPG Reports 2Q 2015 Financial Results
Dorian LPG Ltd. today reported its financial results for the three months ended September 30, 2014. Took delivery of the second vessel under our VLGC newbuilding program, the Corsair, from Hyundai Heavy Industries Co. Ltd. ("Hyundai"), on September 26, 2014 - which is trading in the spot market. Captain John NP recorded time charter equivalent ("TCE") rate of $71,355 for the three months ended September 30, 2014.
Ocean Rig 3Q 2014 Results Encouraging
Ocean Rig UDW Inc. today announced its unaudited financial and operating results for the third quarter ended September 30, 2014. For the third quarter of 2014, the Company reported net income of $104.2 million, or $0.79 basic and diluted earnings per share. - Non-cash write offs and breakage costs associated with the full refinancing of the $1.35 billion Senior Secured Credit Facility totaling $22.0 million or $0.17 per share.
Dorian LPG First Quarter 2015 Financial Results
Dorian LPG Ltd. , a leading owner and manager of modern very large gas carriers ("VLGCs"), today reported its financial results for the three months ended June 30, 2014. Took delivery of the first vessel under our VLGC newbuilding program, the Comet, from Hyundai Heavy Industries Co. Ltd., which began a five-year time charter with Shell on July 25, 2014. Chartered the Captain Markos NL to Shell for five years beginning on or about November 1, 2014.
STEALTHGAS 2Q And 1H 2014 Results
STEALTHGAS INC. a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, released today its unaudited financial and operating results for the second quarter and six months ended June 30, 2014. § Revenues for the three months ended June 30, 2014 amounted to $31.9 million, an increase of $1.6 million, or 5.28%, compared to revenues of $30.3 million for the three months ended June 30…
Topaz Revenue up 22%
Topaz Energy and Marine, a offshore support vessel company, announced the results of its subsidiary Nico Middle East Ltd. for the 12 months ended December 31, 2013. The period has seen continued strong and profitable growth across the group’s activities with revenues up 22% and EBITDA up 17%. This growth is primarily attributable to the additional vessels that have joined the fleet and the improved utilization (94.5%) it achieved across its core fleet.
