Hashtag: #OilAndEnergy
Teekay Subsidiary Declares Dividend
Teekay GP LLC, the general partner of Teekay LNG Partners LP yesterday [Jan.19] declared a cash distribution of $0.63 per unit for the quarter ended December 31, 2011. The cash distribution is payable on February 14, 2012 to all unitholders of record on February 1, 2012. Teekay LNG Partners LP is a publicly-traded master limited partnership formed... Read more of this article
Seadrill Subsidiary Contract Extension
North Atlantic Drilling — a partially owned subsidiary of Bermuda’s Seadrill — has been awarded an 18 month contract extension for the drillship “West Navigator” [pictured] by A/S Norske Shell. This contract extension will secure employment for “West Navigator” until end of June 2014. The estimated revenue... Read more of this article
Teekay Completes Oslo Bond Issue
Bermuda’s Teekay Offshore Partners L.P. announced yesterday [Jan.18] that it has issued approximately $100 million in senior unsecured bonds that mature in January 2017 in the Norwegian bond market. Issued in Norwegian krone, all interest and principal payments will be swapped into US dollars. The proceeds of the bonds, which will be available... Read more of this article
Nordic American Public Offering
Bermuda-based Nordic American Tankers Limited today [Jan. 19] announced an underwritten public offering of 5,500,000 common shares. The common shares are being offered pursuant to the company’s effective shelf registration statement. The net proceeds of the offering are expected to be used to strengthen the company’s resources, to fund... Read more of this article
Golar Extends Petrobas Contract
Bermuda’s Golar LNG Partners LP announced today [Jan.19] that it has reached agreement with Brazilian energy company Petrobras to make certain modifications to the “Golar Winter” floating storage and regasification unit [FSRU] and to extend the term of the contract by five years to 2024. Petrobras have taken the decision to move the... Read more of this article
Gosling’s Installs Solar Energy System
Local company Alternative Energy Systems [AES] has been awarded by Gosling’s with the contract to engineer, design, supply and install a photovoltaic [PV] solar energy system to generate electricity at its head office in Hamilton. Gosling’s will be the first commercial customer to finance the project in full through The Bank of N.T. Butterfield... Read more of this article
Bermuda Gas/Age Concern Event
Age Concern Bermuda announced today [Jan.16] that it will be working with another local retailer, Bermuda Gas, to provide a special opportunity for its members during these difficult economic times. Claudette Fleming, the executive director of Age Concern is encouraging seniors to attend a special Bermuda Gas/Age Concern Members-Only Open House on Wednesday... Read more of this article
Golar’s $45M LNG Carrier Charter
Bermuda’s Golar LNG Limited announced today [Jan. 13] that it has executed a time charter for one of its modern LNG carriers, the “Golar Arctic”, to a major Japanese trading company for a firm period of three years. The charter is expected to commence in March, 2012 following the end of the vessel’s current charter. The annualised... Read more of this article
‘Significant Progress’ For Brookfield
Bermuda’s Brookfield Renewable Energy Partners L.P. announced today [Jan.12] that it is increasing its unitholder distributions by three cents to $1.38 a year as the company also moved to increase its wind farm assets in California. The increase in unitholder distributions, taking effect with the first quarter distribution payable in April, marginally... Read more of this article
Upgrade For Knightsbridge Tankers
Bermuda’s Knightsbridge Tankers Limited was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors today [Jan. 11]. Knightsbridge Tankers Limited is engaged in the international seaborne transportation of crude oil and dry bulk cargoes. Its fleet consists of four... Read more of this article
Renewed Gulf Keystone Speculation
Shares in Gulf Keystone Petroleum Ltd., the Bermuda-headquartered independent oil and gas explorer in the Kurdistan region of northern Iraq, rose to a record high on renewed speculation that the company will be sold. Shares climbed as much as 12 percent in London this morning [Jan. 10], the highest since Gulf Keystone’s listing in 2004. The stock... Read more of this article
Gulf Keystone’s Kurdistan Update
Gulf Keystone today [Jan.9] provided an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels. An independent oil and gas exploration and production company... Read more of this article
