CorPower Extends Equity Funding for Commercial Scale Demo
a private placement of 9 million Euros, CorPower has extended its equity funding to 20.3 million Euros, for the commercial scale demonstration of its wave energy technology. The investment round was led by Midroc New Technology and included SEB Greentech VC, family offices and private investors. Pareto Securities acted as Sole Manager and Bookrunner in the transaction.The 9 million Euro investment combined with previous tranches of 9 million Euros in July 2020 and 2.3 million Euros in December 2018 brings total equity funding to support the demonstration of CorPower’s first commercial scale WEC
TGS Remains Upbeat as Shares Drop
took impairments of $10 million in the period as some projects in Brazil, Canada and the U.S. part of the Gulf of Mexico were delayed.Its shares were trading 10.9 percent down by 1021 GMT."TGS shares fell on missed consensus expectations, which might have been too high," Fredrik Stene at Pareto Securities said. "A 10 percent fall is a way too heavy reaction for a singular quarterly result." He added that the outlook for seismic firms is improving.The share price drop at TGS, the largest seismic company by market capitalization listed in Oslo, dragged down other firms in the industry
Shearwater to Buy Schlumberger’s Seismic Business
$28 million (of the total of $325 million) before closing. The debt financing will be provided by DNB Bank ASA and Sparebank 1 SR-Bank ASA.Carnegie and DNB Markets has acted as financial advisor to Shearwater in connection with the transaction and Arntzen de Besche acted as legal advisor. Pareto Securities has acted as financial advisor and Advokat firmaet Schjødt AS as legal advisors for Schlumberger
Offshore Rig Firms See End to Historic Downturn
as 2018, and other categories may follow in 2019 or 2020, companies and analysts say. Transocean Chief Executive Jeremy Thighpen told UBS analysts he would not be surprised to see next fixtures for such rigs to rise to $300,000 from current levels of around $200,000. Oslo-based Pareto Securities also said it expected day rates for modern harsh-environment rigs to rise to $250,000-$300,000 in contracts awarded in 2018, with other segments rising later. Nordea bank said it saw the rig market in the North Sea tightening in 2018, particularly for high-end rigs, with Odfjell Drilling
Ensco to Present at Barclays & Pareto Securities Conferences
at least 15 minutes before the presentation to register, download and install any necessary audio software. A replay of the presentation will be available on Ensco’s website within twenty-four hours of the live presentation and remain available for 30 days. Ensco will present at the Pareto Securities 21st Annual Oil & Offshore Conference in Oslo on Wednesday, 10 September 2014 at 11:05 a.m. CEST (5:05 a.m. EDT). A presentation will be available at the link noted above. There will be no webcast. Ensco plc (NYSE: ESV) brings energy to the world as a global provider of offshore drilling
Law Firm Ince & Co Advise on Huge Jack-Up Rig Deal
this successful transaction.” The Bonds are registered and issued in the Norwegian Central Securities Depository (Verdipapirsentralen or VPS) and an application will be made for the Bonds to be listed either on the Irish Stock Exchange or Luxembourg Stock Exchange. The sole arranger was Pareto Securities AS and Pareto Securities Pte. Ltd., an independent investment bank headquartered in Oslo, Norway. About Oro Negro Oro Negro is a Mexican limited liability company created with the purpose of integrating diversified oil and gas services companies and assets.
February 2024
