Hashtag: #OilAndEnergy
Energy XXI To Issue First Quarter Results
Bermuda-domiciled Energy XXI announced it will host a conference call on Monday, May 6 Central Daylight Time to discuss fiscal 2013 third-quarter financial and operating results for the period ended Mar. 31, 2013. Results will be released through global newswire services prior to the call and will be available at www.EnergyXXI.com. To actively participate... Read more of this article
Golar LNG Partners Announces Dividend
Golar LNG Partners LP announced on Monday [Apr. 29] that its board of directors has declared a quarterly cash distribution with respect to the quarter ended March 31, 2013 of per unit. This represents an increase of $0.015 per unit from the fourth quarter of 2012 cash distribution and reflects accretion as a result of the acquisition of “Golar... Read more of this article
DHT Q/1 Financial Results Due Next Week
Bermuda-based DHT Holdings, Inc. will release its first quarter 2013 earnings after market close on Monday [Apr. 29] and will host a conference call at 8:00 a.m. Eastern Daylight Time on Tuesday April 30 to discuss the results for the quarter. All shareholders and other interested parties are invited to join the conference call, which may be accessed... Read more of this article
Frontline Announces Two Board Resignations
The board of Bermuda-based Frontline Ltd. announced on Thursday [Apr. 25] that Cecile Fredriksen and Tony Curry have today resigned from their positions as directors of the company. Both Miss Fredriksen and Mr. Curry will continue to be Board members in other related group companies. The company further announces the appointment of Georgina Sousa as... Read more of this article
Seadrill Increases Stake In Asia Offshore
Bermuda-domiciled Seadrill Limited this week [Apr. 23] acquired additional 100 shares of Asia Offshore Drilling Limited. The shares were acquired at price 28.70 Norwegian kroners per share. Following this acquisition, Seadrill will be the owner of 39,739,647 shares in the company, corresponding to 66.23 percent of the total number of outstanding shares... Read more of this article
AES Unveils Proposal: Solar Above Bulls Head
Alternative Energy Systems [Bermuda] Ltd. [AES] released its proposed plans for a 1.12MW solar array above the top level of Bulls Head Car Park, which would incorporate the island’s first electric car charging stations for motorists who purchase electric cars and would like to re-charge at the car park. AES said, “The system would feed directly... Read more of this article
Frontline Announces Special General Meeting
Bermuda’s Frontline Ltd. has announced that it will hold a special general meeting for shareholders at its Par-la-Ville Place offices on Monday, May 8 at 9.30 a.m. A copy of the official notice can be found on the company’s website at www.frontline.bm Frontline Ltd. is a major Bermuda-based tanker company. As a result of the acquisitions... Read more of this article
Teekay Offshore To Acquire Four New Tankers
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. and a subsidiary of Bermuda’s Teekay Corporation, announced yesterday [Apr. 16] that it intends to issue approximately 2.06 million common units in a private placement to an institutional investor for proceeds of approximately $60 million excluding its general partner’s... Read more of this article
Seadrill Ship Contracted By Bluewater Holdings
Bermuda-based Seadrill has signed a contract with LLOG Bluewater Holdings, LLC, for employment of the new-build drill-ship, “West Neptune”, offshore in the Gulf of Mexico. The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates. The potential revenue for the primary contract term... Read more of this article
Nordic American Tankers Declares Dividend
Bermuda-based Nordic American Tankers Ltd. today [Apr. 16] announced that its board of directors has declared a dividend of $0.16 for the first quarter of 2013, the same as for the 4th quarter of 2012. The level of the declared dividend should be seen in the context of planned fleet expansion. Expansion is essentially the same as investing in the future.... Read more of this article
Tanker Operators Encounter Rough Fiscal Seas
Bermuda-based Frontline was cited in a “Wall Street Journal” report yesterday [Apr. 14] on the turbulent financial seas the world’s largest tanker operators are now operating in. Headlined “Oil-Tanker Operators Struggle to Stay Afloat”, the “Wall Street Journal” said after several years of losses, some oil-tanker... Read more of this article
Energy XXI CEO To Address NYC Symposium
Bermuda-incorporated Energy XXI yesterday [Apr. 10] announced chairman and CEO John Schiller will present at the Independent Petroleum Association of America’s Oil and Gas Investment Symposium held in New York City on Tuesday [ Apr. 16] at 8:35 a.m. Eastern Daylight Time. Information regarding webcasting will be available on the Energy XXI homepage... Read more of this article
