The proposed dates for the 2017 Final Dividend and the Annual General Meeting 2017 are shown in the linked document.
Beach Energy: Appointment of Non-Executive Director
Beach Energy Ltd (ASX: BPT) is pleased to announce the appointment of Dr Peter Moore as an independent non-executive director, with effect from 1 July 2017.
Dr Moore is a geologist with over 35 years of oil and gas industry experience, including executive exploration appointments with ExxonMobil and Woodside.
The Board welcomes Dr Moore and looks forward to his contribution to the company.
PGS: Disclosure of Shares and Voting Rights
Following an acquisition of 291,852 shares on 04th July
2017, M&G Investment Management Limited, a wholly owned
subsidiary of the Prudential plc, now holds shares and
voting rights in 17,199,155 NOK 3 shares of Petroleum Geo-
Services ASA, which estimates to a 5.08% indirect holding as
of 04th July 2017.
OGA: Asset Stewardship Implementation Guides now available
The Oil and Gas Authority (OGA) has published all nine Asset Stewardship Implementation Guides. These documents provide further detail to assist operators and licensees in achieving the Asset Stewardship Expectations, published in 2016. Each includes the rationale, expected outcomes and a description of key elements or behaviours required to meet the expectations.
The Asset Stewardship Expectations are one element of the OGA’s Asset Stewardship Strategy, which in turn supports the Maximising Economic Recovery (MER) Strategy for the UK. These expectations are intended to provide further clarity on the MER UK Strategy obligations with the aim of encouraging enhanced stewardship and improved performance across the oil and gas lifecycle.
SovComFlot: SCF Group receives 2017 Seatrade Award for Deal of the Year
Seatrade, an international maritime industry publication, has awarded SCF Group one of its 2017 annual industry awards. SCF’s 2016, USD 750 million 7-year bond offering has been named as ‘Deal of the Year.’
This award recognises a significant business deal within the international maritime industry, supporting its growth and sustainability.
Nikolay Kolesnikov, Executive Vice President and CFO of SCF Group, commented during the award ceremony:
“We are very honoured to have received the Deal of the Year Award from Seatrade, a true authority in the industry. The fact that we raised a large amount of unsecured debt on very competitive terms demonstrates the confidence that investors have in SCF and reflects the strength of our business model and performance. We were especially honoured to receive this award on the eve of the Russian Merchant Seafarers’ Day. This award goes to the whole SCF team, and first and foremost to its seafarers out at sea standing watch on SCF vessels around the globe.”
This is the second time SCF Group has received a Seatrade Award, following the Seatrade Global Performer 2010 award granted in recognition of its pioneering work with Arctic icebreaking tanker operations.
Fugro: Continues inspection, repair & maintenance services for Petrobras
Fugro has been awarded a further 2-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.
The new award follows Fugro’s successful completion of an initial 12-month contract for the oil major, after taking delivery of the new-build vessel Fugro Aquarius.
Built specifically for the Brazilian market by Wilson Sons shipyard in São Paulo, with local content of more than 60%, Fugro Aquarius is an 83-metre, DP-2 ROV support vessel. With a deck area of 520 square metres, the vessel is permanently equipped with two Fugro-built 150HP 3,000-metre work class ROVs.
Commenting on the latest award, Andrew Seymour, Fugro’s manager for marine business in Brazil said, “As industry leader in ROV IRM, Fugro provides worldwide subsea inspection services in water depths up to 4,000 metres. This new contract strengthens our position in the Brazilian market, despite the challenging market conditions, and reinforces our ability to provide these services to clients such as Petrobras.”
ION Geo: Royce & Associates LP Continues to Hold Stake in Ion
Royce & Associates LP held its position in Ion Geophysical Corporation (NYSE:IO) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 71,880 shares of the oil and gas company’s stock at the end of the first quarter. Royce & Associates LP’s holdings in Ion Geophysical Corporation were worth $349,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in IO. California Public Employees Retirement System increased its position in Ion Geophysical Corporation by 203.9% in the first quarter. California Public Employees Retirement System now owns 43,966 shares of the oil and gas company’s stock valued at $213,000 after buying an additional 29,500 shares in the last quarter. Neuberger Berman Group LLC increased its position in Ion Geophysical Corporation by 4.0% in the first quarter. Neuberger Berman Group LLC now owns 186,140 shares of the oil and gas company’s stock valued at $903,000 after buying an additional 7,090 shares in the last quarter.
WGP Group: Thalassa Holdings update
Recent update with regards to sharing holding in Thalassa Holdings the parent group of WGP Group who are in ongoing disposal discussions.
OYO Corporation: Annual Report 2016 and Corporate Guide 2017 published
OYO Corporation has recently published their Annual Report 2016 and their forward looking Corporate Guide for 2017. OYO Corporation appear in many guises throughout the geophysical industry providing safety and assurance throughout the industry.
OYO Corporation say that ‘What the Society of the 21st Century requires us is diversity and flexibility to meet with constant change. However, such virtues must be tailored to the objec- tive of “Sustainable Social Development”, and to the consideration for the natural environment of our irreplaceable Earth.’
We, at OYO, will continue to provide technology and consultation, meeting these challenges of the times. Through this process, we will also create and offer new values for the safety and assurance of mankind. Because, we believe this to be the social responsibil- ity as well as the mission of OYO Corporation.
OYO’s business started from the investigation of ground structures for public authorities. Now, it has sprung out to four major business domains, namely, Construction, Environment, Disaster Management, and Future Energy/Natural Resources. OYO has three methods to work on these domains, namely, Engineering, Con- sultation, and very uniquely, Manufacturing of Measurement Instruments.
EMGS: Trading period for the subscription rights will end today at 16:30 CET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SINGAPORE OR THE UNITED STATES
Reference is made to the stock exchange announcement by Electromagnetic Geoservices ASA (“EMGS” or the “Company”) on 21 June 2017 regarding the approved prospectus and commencement of the subscription period in the rights issue of 58,634,735 new shares at a subscription price of NOK 2.45 (the “Rights Issue”).
The trading period for the subscription rights expires today, 4 July 2017, at 16:30 CET.