Transocean Acquires ConocoPhillips Interest in Joint Venture

Monday, June 02, 2003
A subsidiary has purchased ConocoPhillips’ 40 percent interest in the Deepwater Frontier joint venture, Deepwater Drilling II L.L.C. The company, which already owns the other 60 percent interest in the joint venture is a party to a lease-financing arrangement for the drillship.

The Deepwater Frontier joint venture will now be consolidated with Transocean’s financial statements and related lease obligation will be reflected on Transocean’s balance sheet.


Finance

Singapore's SembMarine to Take Full Control of PPL Shipyard

Singaporean rig builder Sembcorp Marine Ltd said it had agreed to buy the 15 percent of PPL Shipyard Pte Ltd it did not already own for about $115 million from

Pressure Mounting on VLGCs Rates - Drewry

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

Investors to Acquire $1.5 bln Shipping Portfolio from NORD/LB

NORD/LB Norddeutsche Landesbank and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.0678 sec (15 req/sec)