Industry Sectors:Finance & Insurance
Finance & Insurance
COSL Offshore Management, subsidiary of COSL Drilling Europe, has filed a statement of claim to Oslo’s district court against Statoil demanding payment of around $15.24m over an altered drilling contract.
China’s bankrupt Nantong Mingde Heavy Industry has been bought over by conglomerate Xiamen Xiangyu Group Corporation in a RMB576m ($84.2m) deal.
Cosco Shipping Ports has announced a plan to acquire shares in Qingdao Port International Co by way of both equity interest transfer and cash.
Singapore’s ASL Marine has received strong support from nearly all its bondholders over extending the maturity of a series of notes by another three years.
Scorpio Tankers has lined-up $172m in loans to partially fund eight newbuildings.
Malaysian conglomerate UMW Holdings, has ended its foray into the oil and gas (O&G) business, exiting through a series of corporate exercises, while creating a bigger group out of three, all…
China Huarong Energy Company has entered into subscription agreements with a private investor for the issuance of convertible bonds for an amount of HKD751m ($96.8m).