Oil - Related Services / Equipment
John Wood Group PLC Acquires Pyeroy Group Limited
John Wood Group PLC announced the acquisition of Pyeroy Group Limited (Pyeroy), a provider of specialist coatings, access and fabric maintenance services to the oil & gas, marine and rail industries.
Badger Explorer ASA Sells Calidus Engineering Ltd to Severn Glocon Group Plc
Badger Explorer ASA (BXPL) announced that on June 28, 2013 the Company and Severn Glocon Group PLC (Severn Glocon) signed a share purchase agreement, whereby BXPL sells 70% of its shares in its subsidiary Calidus Engineering Ltd. (Calidus) for a consideration of GBP 936,335. Under the agreement Severn Glocon will acquire another 15% of the shares in Calidus in 2015 and the remaining 15% in 2016 on an earn-out model. The purchase price for the two future transactions is linked to Calidus' financial performance during 2014 and 2015 respectively. Calidus will remain a vital supplier of technology to the Badger project and BXPL has committed to place orders with Calidus worth a minimum of GBP 1.75 million over the next 2.5 years.
Aker ASA Announces Results of Ocean Yield ASA's IPO
Aker ASA announced that Ocean Yield ASA, a former wholly owned subsidiary of the company reported that the initial public offering (IPO) of shares in Ocean Yield has been over-subscribed and priced at NOK 27 per Offer Share.
SAExploration Holdings Inc Announces Management Change-Form 8-K
SAExploration Holdings Inc reported in its Form 8-K that upon the closing, Eric S. Rosenfeld and David D. Sgro resigned as Officers of the Company. Jeff Hastings was appointed as the Registrant’s Executive Chairman, Brian Beatty was appointed as the Registrant’s Chief Executive Officer (CEO) and Brent Whiteley was appointed as the Registrant’s Chief Financial Officer (CFO), general counsel and secretary.
Universal Resource and Services Ltd Announces Completion Of Proposed Disposal Of Equity Interest
Universal Resource and Services Ltd announced that completion of the Proposed Disposals has taken place on June 28, 2013 when 49%, being the entire equity interest held by Dagang, in the registered capital of Xinghai has been transferred to Mr Zhang He pursuant to the terms and conditions of the Agreement. Following the completion of the Proposed Disposals, Xinghai has ceased to be one of the subsidiaries of the Group.
Ocean Yield ASA Announces Results of Subscription Regarding Company's IPO
Ocean Yield ASA announced that the Company's IPO was fully covered. The Joint Bookrunners in the initial public offering of Ocean Yield ASA have registered orders such that the offering is fully subscribed within the indicative price range of NOK 26 to NOK 27 per offer share. More than 3,500 investors have applied for offer shares in the retail offering.
EOC Ltd Announces Deadline Extension for FPSO Sale and Acquisition of 50% in SJR Marine (L) Ltd
EOC Ltd announced that the Company has entered into an agreement with Perisai Petroleum Technologi BHD (Perisai) in relation to the sale (the FPSO Sale) of 51% equity interest in the entities owning and operating the FPSO Perisai Kamelia (formerly known as Lewek Arunothai) to Perisai and for the acquisition (the E3 Acquisition) from Perisai of 50% of the equity interest in SJR Marine (L) Ltd (SJR Marine), the owner of the offshore construction barge, the Enterprise 3 (the FPSO Sale and the E3 Acquisition collectively, the Transaction). On March 28, 2013, the Company released a related announcement, in respect of amendments to the terms of the Transaction, including a reduction of the percentage of equity interest to be acquired by EOC in SJR Marine from 50% to 49%. The latter announcement also referred to the extension of the completion deadline of the FPSO Sale to June 30, 2013. EOC and Perisai have hereby agreed to further extend the completion deadline of the FPSO Sale to August 15, 2013. This is because certain conditions precedent to the FPSO Sale (such as the shareholders' approval of Perisai) were fulfilled less than a week prior to the completion deadline of June 30, 2013 and certain conditions for completion have also taken longer than first foreseen. Consequently, both parties have agreed that more time would be required to complete the Transaction.
Aker ASA's Subsidiary Extends Book-Building and Application Period for IPO
Aker ASA announced that Ocean Yield ASA (Ocean Yield), a wholly owned subsidiary of Aker ASA, has decided to extend the book-building and application period for its initial public offering to June 28, 2013.
TGS NOPEC Geophysical Co ASA Confirms Implementation of Sponsored ADR
TGS NOPEC Geophysical Co ASA (TGS) announced that the Company's sponsored American Depositary Receipt (ADR) program has been successfully implemented. BNY Mellon has been appointed as depositary bank for this program. Each TGS ADR represents one ordinary share and trades on the over-the-counter market under the symbol TGSGY. TGS' ordinary shares trade on the Oslo Bors under the symbol TGS. The TGS ADR program will offer investors from the United States (US) the convenience of stock quotes and dividend payments in US dollars with transactions cleared and settled according to normal US standards. TGS ADRs can be purchased and sold in the same way as other US stocks via a US broker and can provide investors with a cost-effective means of international portfolio diversification.
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Sector Summary
| Energy |  -0.26% |
| Basic Materials | -0.32% |
| Industrials |  +0.01% |
| Cyclical Goods & Services | +0.10% |
| Non-Cyclical Goods & Services | -0.26% |
| Financials | -0.19% |
| Healthcare | -0.08% |
| Technology | -0.01% |
| Telecoms | -0.30% |
| Utilities | -0.34% |
| DOW | 14,932.41 | -42.55 |
-0.28% |
| S&P 500 | 1,614.08 | -0.88 |
-0.05% |
| NASDAQ | 3,433.40 | -1.09 |
-0.03% |
| TR US Index | 146.52 | -0.13 |
-0.09% |
Analyst Research
| Report Title | Price |
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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