TGS Boosted by Seismic Market Recovery
Reuters. "The first quarter is also part of a new budget cycle for our clients. They are working on a different budget than in the fourth quarter," Larsen pointed out. He said the first quarter started on a cautious note, and that March sales were very strong. ABG Sundal Collier analyst John Olaisen said the sales numbers were extremely good, and supported the TGS share as one of ABG's top recommendations. Competitor PGS meanwhile declined to comment on the market outlook, adding it was in a silent period ahead of first-quarter results on April 26.
Seadrill Names Dibowitz CEO
tycoon John Fredriksen's empire, is now in "advanced discussions" with lenders and investors on how to restructure its debt ahead of a July 31 deadline, it added. "Reading between the lines, it looks like most of the work could be completed in the course of June," ABG Sundal Collier analyst Lukas Daul said. "The fact that they'll get a new chief executive from July 1 suggests they could hand him a restructured company," he added. Fredriksen, who holds 24 percent of Seadrill's shares, is also a significant investor in the company's bonds and
DONG Energy Shares Jump after European IPO
. Private Danish investors were assigned about 10 percent of the 72.8 million shares sold, with the rest bought by Danish and international institutional investors. JP Morgan, Morgan Stanley and Nordea were global coordinators for the listing. Citigroup, Danske Bank, UBS, RBC, Rabobank and ABG Sundal Collier and Lazard were also involved.| ($1 = 6.5311 Danish crowns) (By Jacob Gronholt-Pedersen, Ole Mikkelsen and Nikolaj Skydsgaard; Additional reporting by Ole Mikkelsen; Editing by Jane Merriman and Mark Potter
Polarcus Halts Repayments as it Seeks Restructuring
with the Company's finance providers are on the basis that all trade creditors of the Company and its subsidiaries will continue to be paid in full, and that the arrangement will not have negative impact on any of the trade or non-finance creditors of the Polarcus group. Polarcus has retained ABG Sundal Collier as financial advisor and Wiersholm as legal advisor to assist the Company in its process to address the contemplated restructuring of the Company's balance sheet.
Norway's PGS Plans Share Issue to Boost Equity
industry," PGS said in a statement. "Ferd AS and certain other existing shareholders have pre-subscribed for shares in the Private Placement. Ferd AS' pre-subscription is significantly larger than its pro rata portion of the new shares," it added. PGS has hired ABG Sundal Collier and Nordea Markets as joint global coordinators and bookrunners. ($1 = 8.6111 Norwegian crowns) (Reporting by Terje Solsvik
Kongsberg EVOTEC: All about A-Frames
Sea, a vast area but one made potentially less endless by sanctions on Russian offshore oil and gas. The economic measures appear to have left their mark on a global business. “Exploration is under more scrutiny right now,” said Lukas Daul, an offshore analyst for the financiers ABG Sundal Collier in Oslo. “Oil companies are in cost-cutting mode, and exploration is the low-hanging fruit,” he adds. Daul specializes in a rig market that depends on seismic success. Survey vessels, like rigs, are a key bellwether for offshore drilling fortunes. Daul said exploration, as opposed
Demerger Proposed at Aker Solutions
about September 26, 2014 First day of trading in Akastor shares exclusive of the right to consideration shares in New Aker Solutions: on or about September 29, 2014 First day of trading in New Aker Solutions shares on the Oslo Stock Exchange: on or about September 29, 2014 ABG Sundal Collier, Barclays and Carnegie will act as joint lead managers for the listing process.
February 2024
