Coflexip Records Best Results Ever

Thursday, August 24, 2000
Offshore oil equipment and services provider Coflexip set an all-time high on Thursday following a price target upgrade by a major broker and on bright prospects for North Sea contracts. Coflexip was quoted up 6.67 percent at 152 euros, the broad market's best performer. Earlier, it had surged to a record 156 euros after Morgan Stanley Dean Witter lifted its price target to 200 euros from 165 euros and maintained a "strong buy" recommendation.
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Offshore

Gulf Island Fab Sign Bechtel Offshore Cooperation Agreement

Gulf Island Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.

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6 MW Offshore Wind Turbine of Siemens Certified

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Finance

Asia VLCC Rates Could Nudge Higher on Activity

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Star Bulk Takes Delivery of First Capesize from JMU

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Ardmore Shipping Secures Newbuilding Finance

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