Barclays Rejects Arctic Drilling
U.K.-based international bank Barclays announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy rules out funding for companies seeking to drill in the Arctic Refuge as well as other climate change threats.According to the British multinational investment bank and financial services company headquartered in London, arctic oil and gas refers to new exploration and extraction of oil and gas in the area within the Arctic Circle which is subject to sea ice, and includes the Arctic National
Glencore's Rosneft Investment
. Russia said on Wednesday it had sold a 19.5 percent stake in Rosneft to Qatar and Glencore for a total of 10.5 billion euros ($11 billion). Glencore is financing part of the deal with 300 million euros of its own equity, with the rest financed by the Qatar Investment Authority and non-recourse bank financing. "Looking at the preliminary terms of the Rosneft transaction, we consider Glencore's intended commitments to be limited," Elena Nadtotchi, vice president and analyst for Glencore at Moody's, said in an emailed response to a question from Reuters. She added they were in line with
DSCV SBM Installer Sold to OS Installer
bareboat charter for a fixed period of 12 years. The Company will have certain options to acquire the vessel during the bareboat charter period, with the first option exercisable after five years. The transaction is expected to close before the end of 2014 and is subject to final agreement on bank financing. The DSCV SBM Installer is a state of the art multi-purpose Diving Support and Construction Vessel (DSCV), based on the MT-6024 design from Marin Teknikk in Norway and built to DNV rules and international regulations. Built by Keppel Singmarine in Singapore in 2013, the vessel features
Dolphin Reports Improved Operating Margins
3D Multi-Client surveys Successfully completed 2013 season of 4D production seismic contracts The new high-capacity 3D vessel, Sanco Swift, came swiftly into production Q3 2013 subsequent events Order backlog at historical high level of $140 million Secured additional bank financing for planned seismic equipment purchase in 2014 Atle Jacobsen, Dolphin Group CEO commented, "Dolphin delivered solid operating margins for third quarter with EBIT of 25%, driven by improved contract prices and high vessel efficiency. As for the entire seismic industry, Dolphin also experienced
February 2024
