U.S. Court to Decide Who Will Control Citgo
A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs the eighth-largest U.S. refiner, Citgo Petroleum Corp.A lawsuit filed by Maduro's representatives on Tuesday in Delaware Chancery Court seeks to reassert control over Citgo , along with other U.S.
Maurel & Prom Buys Shell's Stake in Venezuela
Paris-based Maurel & Prom announced that it has acquired Shell Exploration and Production Investments' 40% interest as Shareholder B in Petroregional del Lago Mixed Company, which operates the Urdaneta West field in Lake Maracaibo, Venezuela.Maurel & Prom said further that all condition precedents have been satisfied and that the acquisition has been…
Chevron Concludes Sale of Geothermal Operations in Indonesia
Chevron Corporation said its wholly-owned subsidiaries have completed the sale of Chevron's geothermal business in Indonesia to Star Energy Consortium. Chevron received the cash proceeds upon settlement on March 31, and will reflect the gain in first quarter 2017 results. The conclusion of the sale of Chevron's geothermal business in the Philippines is expected later in 2017.
Subsea 7 offer for Seaway Heavy Lifting
Subsea 7 S.A. announced that one of its wholly owned subsidiaries has made an offer to acquire the 50% shareholding in Seaway Heavy Lifting Holding Limited currently owned by K&S Baltic Offshore (Cyprus) Limited. The terms of the offer are binding on Subsea 7 until 1 July 2017. During this period the Works Council representing the employees of Seaway Heavy Lifting in the Netherlands will be consulted in compliance with Dutch law.
SapuraKencana Bags Contracts of RM 1.34 bln
SapuraKencana Petroleum Berhad’s wholly-owned subsidiaries have been awarded contracts with a combined value of approximately USD 300 million (approximately RM 1.34 billion, based on USD/MYR exchange rate of USD1: RM4.47). Award of Provision of Underwater Services by PETRONAS Carigali Sdn. Bhd. SapuraKencana Subsea Services Sdn. Bhd. (“SKSS”) has…
Chevron Sells Geothermal Operations
Chevron Corporation (NYSE:CVX) announced that its wholly-owned subsidiaries have entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron's Indonesian and Philippines Geothermal assets. "These assets deliver reliable energy to support the needs of Asia-Pacific's growing economies," said Jay Johnson, executive vice president, Upstream, Chevron Corporation.
Bumi Armada Berhad Names Its News FPSO
Bumi Armada Berhad, Malaysia-based international offshore energy facilities and services provider celebrated the naming ceremony of the Armada Olombendo Floating Production Storage and Offloading (FPSO) last weekend. Armada Olombendo FPSO represents Bumi Armada’s largest FPSO and it will operate in Angola on Block 15/06, East Hub, a wide area of 2…
Crowley Wins LNG Supply Deal in Puerto Rico
Crowley Maritime Corp. said its liquefied natural gas (LNG) services group has been awarded a multi-year contract to supply containerized LNG from the U.S. mainland to Molinos de Puerto Rico, the Caribbean arm of Ardent Mills LLC, supplier of flour, wheat, corn and rice-based food ingredients. The contract was executed through Crowley’s subsidiary Carib Energy (USA) LLC, and includes both the supply and transportation of LNG.
Technip Wins Umbilical Supply Order
Technip’s wholly-owned subsidiaries Technip Umbilicals Ltd. awarded a contract by ENI S.p.A. to supply umbilicals to the Block 15/06 East Hub Development offshore Angola. This field is located approximately 350 kilometers north of Luanda, at water depths of 450-600 meters. The contract covers project management and manufacture of about 15 kilometers of dynamic and static steel tube umbilicals.
Frontier International Wins Middle East, Asia Contracts
Frontier International, specialists in international oil and gas resourcing, has announced contract wins across Asia and the Middle East during the first quarter of 2015. Well known for providing personnel and associated services to the global oil and gas industry, the company has secured a significant number of new contracts in this period, appointed by seven major operators and service companies.
Bear Head LNG Files for DOE Export License
Bear Head LNG Corporation and Bear Head LNG (USA), LLC (together Bear Head), both wholly-owned subsidiaries of Liquefied Natural Gas Limited (LNGL), filed an application today with the U.S. Department of Energy (DOE) requesting authorization to export up to 440 billion cubic feet (Bcf) per year of U.S.
ASL Marine Announces Shipbuilding Contracts Cancellation
The Board of Directors of ASL Marine Holdings Ltd informed that its wholly-owned subsidiaries have reached a mutual agreement with customer on the rescission of shipbuilding contracts for two offshore support vessels. One of the vessels will be ready for operation by the end of the 1Q2015 and the other in 3Q2015. The Board is confident that there…
Petrobras to Merge Subsidiaries
In a meeting held last Friday, November 14, Petrobras’ board of directors have approved the merger proposals of Arembepe Energia S.A. and Energética Camaçari Muricy I S.A., the company’s wholly-owned subsidiaries. The mergers will thus be submitted to a Petrobras’ extraordinary shareholders meeting to be convened in due course, the company said, adding…
Frontier Announces 70% Turnover Increase
Frontier International, specialists in international oil and gas resourcing, has ended the first half of 2014 with an annualized turnover of £21.5million – a 70% increase in comparison with 2013 figures. This significant increase in turnover can be attributed to activity on both a local and international level. As well as holding a substantial number of global contacts with the major operators…
St Engineering's Land Systems Arm Inject Capital in Brazil
Singapore Technologies Engineering Ltd (ST Engineering) announced today that SDG Kinetics Pte. Ltd. (SDGK) and Autonomous Technology Pte Ltd (ATPL), wholly owned subsidiaries of its land systems arm, Singapore Technologies Kinetics Ltd (ST Kinetics), have injected BRL5,499,450 (approximately S$3.2m) and BRL550 (approximately S$318) respectively into the capital of LeeBoy Brazil Equipamentos De Construção Ltda.
$ 1.3 bln Term Loan Facility for Subsidiaries of Ocean Rig UDW Inc.
DryShips Inc. a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore deepwater drilling services, today announced that due to favorable loan market conditions, Ocean Rig’s wholly owned subsidiaries, Drillships Ocean Ventures Inc. and Drillships Ventures Projects Inc.…
Sinwa Establishes First Subsidiary in Thailand
Listed on the SGX Mainboard and Asia Pacific’s leading marine, offshore supply and logistics player, Sinwa Limited (“Sinwa” or “the Group”), announced that the Group received confirmation yesterday that its wholly-owned subsidiary, Sinwa Offshore Pte. Ltd. (“SOPL”) has incorporated Sinwa (Thailand) Ltd. (“STL”) in Thailand on 18 June 2014. Commenting on the Group’s successful venture into Thailand, Mr.
Rolls-Royce Merges 2 Subsidiaries for Better Engine Life Management
Rolls-Royce today announced the merger of two wholly owned subsidiaries, Aero Engine Controls (AEC) and Optimized Systems and Solutions (OSyS), to form a new business, Controls and Data Services (CDS), which will continue to operate as part of the Rolls-Royce Group. The new business will bring together equipment sensors, controls and monitoring systems with performance analysis and health management services…
ES Group, Heatec to Develop Heating/Cooling System
ES Group Holdings Limited and Heatec Jietong Holdings Ltd – both listed on the SGX Catalist– announced that they will team up with a heat transfer expert to develop a new heating and cooling system for marine and other industries. ES Energy Pte Ltd and Heatec Jietong Pte Ltd – wholly-owned subsidiaries of ES Group and Heatec, respectively – have teamed up with Stuart Edmund Cox with respect to Karnot Technology Pte Ltd (KTPL)…
Crowley to Ship LNG to Coco Cola Puerto Rico Plant Long Term
Crowley’s Carib Energy has been awarded a multi-year contract to supply containerized, U.S.-sourced Liquefied Natural Gas (LNG) to its first industrial customer, Coca-Cola Puerto Rico Bottlers in Cayey and Club Caribe in Cidra, both wholly owned subsidiaries of CC1 Companies, LLC. The contract, executed through Crowley’s Carib Energy subsidiary, includes…
