Cronus Resources Ltd. Announces Reverse Take-Over
Cronus Resources Ltd. announce that it has entered into an amended and restated letter of intent dated October 9, 2009 with Continental Gold Limited (“Continental”), an arm’s length Bermuda based gold exploration company with a portfolio of properties in Colombia, pursuant to which Cronus (or a subsidiary thereof) will amalgamate with Continental to further develop the properties...
Katanga Announces Termination of Remaining Relationship Agreements
Katanga Mining Limited a company operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt announced that the remaining relationship agreements that certain of Katanga’s major shareholders, including Glencore Finance (Bermuda) Limited, RP Explorer Master Fund, Cosaf Limited and Ruwenzori Limited, separately entered into with Katanga on January 21, 2008...
Northern Offshore Announces New Contract Award for Drillship Energy Searcher
Northern Offshore, Ltd. announced that its Singapore-based subsidiary, Jet Holding Ltd. was awarded a contract with the Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom, for the drillship Energy Searcher. The drilling contract of five wells duration is expected to begin between June and September, 2009 and run approximately 365 days, inclusive of a mobilization...
Chevron Sells Fuels Marketing Business in Nigeria
Chevron Corporation announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell Chevron Nigeria Holdings Limited to Corlay Global S.A, a Panamanian company owned by an African-based consortium composed of MRS Holdings Limited and Petroci Holdings. Chevron Nigeria Holdings Ltd. is a Bermudan company that holds 60 percent of the issued shares of Chevron Oil Nigeria PLC, a publicly...
Northern Offshore Announces New Contract Award for Jackup Energy Enhancer
Northern Offshore, Ltd. announced that the jackup Energy Enhancer was awarded a contract with SPD Limited to drill a well in the U.K. North Sea. The contract award is for an estimated 45-60 days with a contract value of approximately US$9-12 million. The drilling contract, which will follow in direct continuation to the rig’s current contract with Star Energy, is expected to commence in mid-October...
Northern Offshore Announces Drilling Contract
Northern Offshore, Ltd. announced that it has entered into a drilling contract with AGR Peak Well Management Limited, a subsidiary of AGR Group ASA (Oslo Bors: AGR.OL) for the use of the semisubmersible GSF Arctic II in the North Sea. As previously announced, Northern Offshore has entered into an agreement with an affiliate of Transocean, Inc. to acquire the rig and expects to close on the rig purchase...
Northern Offshore Files Information Memorandum With Oslo Stock Exchange
As announced on July 28, 2008, Northern Offshore, Ltd. has entered into agreements with affiliates of Transocean Inc. to acquire the semisubmersible drilling rigs GSF Arctic II and GSF Arctic IV. The Company prepared an Information Memorandum in connection with the acquisition of the Rigs, as required by Section 3-5 of the Oslo Stock Exchange’s rules on the continuing obligations of listed companies....
Foster Wheeler USA Wins Coker Contract for BP Whiting Refinery in U.S.
Foster Wheeler Ltd. announced that its subsidiary Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded contracts by BP Products North America for the engineering, procurement and fabrication of a 102,000 barrels per stream day (bpsd) six-drum delayed coking unit and gas plant facilities at BP’s Whiting refinery in Indiana, U.S. This is an integral...
General Maritime Corporation and Arlington Tankers Ltd. to Merge in a Stock-for-Stock Combination, to Create a $2.0 Billion Enterprise Value Company
General Maritime Corporation jointly announced today that they have entered into a definitive agreement whereby the two companies will combine in a stock- for-stock combination. Under the terms of the definitive agreement, approved unanimously by the Boards of Directors of both General Maritime and Arlington Tankers, shareholders of General Maritime will receive 1.340 shares of the combined company...
Northern Offshore, Ltd to Acquire Two North Sea Semisubmersible Drilling Rigs
Northern Offshore, Ltd told the press that the company has entered into agreements with affiliates of Transocean, Inc. (NYSE: RIG ) to acquire the semisubmersible drilling rigs GSF Arctic II and GSF Arctic IV currently operating in the U.K. North Sea (collectively the “Rigs”). The total acquisition price for the two rigs is approximately US$750 million. The purchase of the GSF Arctic IV...
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