Singapore Embarks on Massive Coral Restoration Project
Marine Laboratory (SJINML) to roll out the 100k Corals Initiative, which has received over S$2 million in support to date through the Garden City Fund, NParks’ registered charity, from donors:• Delta Electronics (approximately S$1.7 million)• GSK-EDB Trust Fund (S$1 million)• Deutsche Bank (S$100,000)• Takashimaya Singapore• KPI OceanConnect.The coral species cultivated include several that are under NParks’ Species Recovery Programme, including staghorn coral (Acropora digitifera) and plate ccropora coral (Acropora millepora).Serving as an ex-situ coral nursery
Ithaca Energy Completes RBL Redetermination
on conventional oil and gas industry borrowing base financing terms, neither of which have historic financial covenant tests. In addition to the bank debt facilities, the Company has $300 million senior unsecured notes due July 2019. The banks in the debt syndicate are: BNP Paribas, Scotiabank, Deutsche Bank AG, Lloyds Bank, Royal Bank of Scotland, Barclays Bank PLC, Commonwealth Bank of Australia, Skandinaviska Enskilda Banken AB (publ), Société Générale, NIBC and Wells Fargo.
Shell Withdraws from Arctic Exploration
reflected the results from the exploratory well, the project's high costs and the unpredictable federal regulatory environment in the area off the U.S. state of Alaska. "The entire episode has been a very costly error for the company both financially and reputationally," said analysts at Deutsche Bank, who estimate the Shell's Arctic exploration project could cost the company about $9 billion. Bone of Contention Shell's abandonment of Arctic drilling came just six weeks after the U.S. government granted the company final clearance for its campaign. "They had a budget of billions
Ensco Announces Cash Tender Offer
of notes validly tendered and accepted for payment pursuant to the tender offer will be determined in the manner described in the Offer to Purchase by reference to a fixed spread of 20 bps over the yield based on the bid side price of the 0.375% U.S. Treasury due March 15, 2016, as calculated by Deutsche Bank Securities Inc. at 2:00 p.m., New York City time, on March 10, 2015. Holders whose notes are purchased will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, the settlement date. The tender offer will expire at 5:00 p.m. New York
February 2025
