Glencore's Rosneft Investment
top performers on the FTSE bluechip index. News of the Rosneft deal drove it up a further 2 percent on Thursday, compared with a 1.3 percent rise in the broader sector. As part of the Rosneft deal, Glencore will get an additional 200,000 barrels per day for its marketing business, prompting Bank of America Merrill Lynch to comment "lots of oil for little dollars". (Reporting by Barbara Lewis
Hybrid-Powered Research Vessel Christened
, squid and a wide variety of salt-water fish are brought up out of Long Island Sound for examination. Major contributors toward the new boat include: George and Carol Bauer of Wilton; The TK Foundation of Nassau, Bahamas; and the Per and Astrid Heidenreich Family Foundation of Greenwich. Bank of America is official sponsor of the boat’s inaugural season. Designed by Incat Crowther of Australia, Spirit of the Sound is being built in Mamaroneck, New York, at the Robert E. Derecktor Inc. shipyard, with construction managed and integrated by Alternative Marine Technologies (Amtech). Her
‘Green’ Hybrid-powered Research Vessel Christened
R/V Spirit of the Sound, when docked, gives the Aquarium an additional classroom space for on-site programs. Major contributors toward the new boat include: George and Carol Bauer of Wilton; The TK Foundation of Nassau, Bahamas; and the Per and Astrid Heidenreich Family Foundation of Greenwich. Bank of America is official sponsor of the boat’s inaugural season. Designed by Incat Crowther of Australia, Spirit of the Sound is being built in Mamaroneck, New York, at the Robert E. Derecktor Inc. shipyard, with construction managed and integrated by Alternative Marine Technologies (Amtech). Her
POSH seeks up to $334M in IPO
richest man, Robert Kuok, operates a fleet serving offshore oilfields in Asia, Africa and Latin America. The company is also reserving the right to issue additional shares worth up to $46 million under a greenshoe option, meaning the total amount raised could be as much as $380 million. Bank of America Merrill Lynch, DBS Group Holdings Ltd and Oversea-Chinese Banking Corp Ltd are the joint issue managers, bookrunners and underwriters. Hwang Investment Management Berhad and Fortress Capital Asset Management are cornerstone investors in the deal. (Reporting by Saeed Azhar; Writing by Rachel
Malaysia's Petronas Looking to Sell Vietnam Offshore Fields
sale comes as Petronas taps into North America's shale boom and further develops Malaysian oil and gas fields. The two sources did not give further details of the fields. They declined to be identified as they are not authorised to speak to the media. Another source familiar with the deal said Bank of America Merrill Lynch had been appointed to find buyers for the stakes the company holds in the Vietnam oilfields. Petronas, which reports fourth quarter earnings next week, could not be immediately reached, for comment while a Bank of America Merrill Lynch spokesman declined to comment. Earlier
February 2025
