Hashtag: #OilAndEnergy
Seadrill Aquires Major Asia Offshore Stake
Bermuda’s Seadrill Limited yesterday [Apr. 10] acquired additional 14,153 shares of Asia Offshore Drilling Limited. The shares were acquired at price 28.70 Norwegian krone per share. Following this acquisition, Seadrill will be the owner of 39,739,547 shares in the company, corresponding to 66.23 percent of the total number of outstanding shares... Read more of this article
Nabors Subsidiary Launches New Note
Bermuda-based Nabors Industries Ltd. today [Apr. 10] announced that its wholly owned subsidiary, Nabors Industries, Inc. [NII] has established an unsecured commercial paper programme, on a private placement basis, under which NII may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of... Read more of this article
Teekay Tankers Orders Four LR2 Tankers
Bermuda-based Teekay Tankers Ltd. announced today [Apr.8] that it has entered into an agreement with STX Offshore & Shipbuilding Co., Ltd., of South Korea for the construction of four, fuel-efficient 113,000 dead-weight tonne [dwt] Long Range 2 [LR2] product tanker newbuildings for a fully built-up cost of approximately $47 million each. The agreement... Read more of this article
Golden Ocean Group Orders Two Carriers
Bermuda-registered Golden Ocean Group Limited announced that it had concluded two newbuilding contracts for 60,000 dwt Supramax bulk carriers with Japan Marine United Corporation in Japan. The design provided by JMU represents the future design Supramax bulk carriers with the latest technology available in order to secure fuel efficiency. The vessels... Read more of this article
ExxonMobil, COPLB Oil Deal Is Completed
Canadian Overseas Petroleum Limited [COPL] today [Apr.5] announced the closing and completion of the previously announced announced transactions between the company’s wholly owned Bermuda subsidiary Canadian Overseas Petroleum Bermuda Limited [COPLB], first with Peppercoast Petroleum plc, and second with ExxonMobil Exploration and Production... Read more of this article
Seadrill Repurchases Common Stock Holding
Bermuda’s Seadrill Limited has, through market purchases executed on Wednesday [Apr. 3], repurchased 150,000 of the company’s own common stocks at an average price of 212.919 Norwegian Krone [NOK] per share. In connection with the company’s Employee Share Ownership Plan [ESOP], eligible option holders have exercised options to acquire... Read more of this article
Polo Resources Ltd. Now Listed On The BSX
Polo Resources Limited, the Canadian natural resources investment company with interests in gold, oil and gas, coal and iron ore, today [Apr. 5] announced that it has received approval for the listing of its ordinary shares on the Bermuda Stock Exchange [BSX]. The company’s ordinary shares commenced trading on the BSX on 4 April 2013 under the symbol... Read more of this article
NYSE Sends Deficiency Letter To TransAtlantic
Bermuda-based TransAtlantic Petroleum Ltd. announced today [Apr. 5] that, as expected, on April 2 the company received a deficiency letter from the New York Stock Exchange indicating that it had determined that the company was not in compliance with Sections 134 and 1101 of the Exchange’s Company Guide due to the oil and energy firm’s failure... Read more of this article
Teekay Corp. Directors Declare Dividend
Bermuda’s Teekay Corporation announced today [Apr.5] that its board of directors has declared a cash dividend on its common stock of $0.31625 per share, payable on April 30 to all shareholders of record as of April 16, 2013. Teekay Corporation is an operational leader and project developer in the marine midstream space. Through its general partnership... Read more of this article
Marine Contractor Dockwise Holds AGM
The annual general meeting [AGM] of Bermuda-incorporated marine contractor Dockwise was held today [Apr.5] in Amsterdam, the Netherlands, and all items on the agenda were unanimously resolved. An application for delisting from the Oslo Stock Exchange was filed today. The AGM has, among others things, resolved to adopt the audited financial statements... Read more of this article
Brookfield To Release First Quarter Results
Bermuda-based Brookfield Renewable Energy Partners’ will hold a first quarter conference call and webcast on Wednesday, May 8 at 9:00 a.m. [Eastern Time] to discuss results and current business initiatives with members of senior management. These results will be released on Wednesday, May 8 at approximately 8:00 a.m. [Eastern Time] and will be... Read more of this article
Nabors Appoints Howard Wolf As Director
Bermuda-based Nabors Industries Ltd. yesterday [Apr.4] announced that it has expanded the board to eight members from the current seven and subsequently appointed Howard Wolf to fill the newly created vacancy. Nabors Industries Ltd., founded in 1968 as Anglo Energy, Ltd. and currently headquartered, Bermuda, is an S&P 500 oil, natural gas and geothermal... Read more of this article
