Technip-Coflexip Sells Construction Yard in the UK

Tuesday, July 30, 2002
Technip-Coflexip has announced the signature of a Sales and Purchase Agreement related to the sale of its affiliates McNulty Offshore Ltd and Captain Frank McNulty & Sons Ltd., to the Managing Director of McNulty Offshore Ltd. Technip-Coflexip had a 90 percent stake in both companies following the purchase of Aker Deepwater Company in January 2001. According to the terms of this agreement, Technip-Coflexip has sold the Newcastle-based yard, together with all activities and resources dedicated to it, to McNulty's Managing Director. The transaction, the amount of which is undisclosed, is in line with Technip-Coflexip's previously announced program to dispose of non-strategic assets. It will have no significant impact on Technip-Coflexip's results for 2002. This should allow the continuation of the yard's traditional business activities.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

New Standard gets Revised Program for Cooper Basin Approved

New Standard Energy Limited (New Standard) advises that it has received approval for amendments to its five year work program in PEL570 in the Cooper Basin. As part of the revised program,

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Longer than four football fields, as big as six Nimitz-class aircraft carriers and almost as tall as the Taipei 101 skyscraper, Royal Dutch Shell PLC is hoping that its record-setting,

Casualties

Pumps Reach Sinking Shrimper Just in Time

A commercial fishing vessel from Brownsville is slowly making its way back to port, thanks to some quick actions by its crew and Coast Guard units, informs the US Coastguard,

Company Fined for Oil Spill Near Anacortes

Ecology issues $112,500 penalty for sunken vessel.   American Gold Seafoods faces a $112,500 penalty for an oil spill caused by the accidental sinking of its vessel,

Grounded Freighter Refloated in Lake St. Clair

The Federal Rideau, a 656-foot freighter that had been hard aground in the downbound shipping channel of Lake St. Clair since early Sunday morning, was refloated

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0755 sec (13 req/sec)