Oil Related Services and Equipment

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Dialog Group Bhd announced dissolution of Dialog Services (vietnam) Company Ltd

Monday, 22 Dec 2014 07:00pm EST

Dialog Group Bhd:Says voluntary dissolution of its dormant indirect wholly owned subsidiary, Dialog Services (Vietnam) Company Ltd (DSVCL) has been completed on Dec. 18.Says notice of dissolution was received ob Dec. 23 and DSVCL is no longer on list of Foreign Investment Enterprises with head office in Ho Chi Minh City, Vietnam.

Frank's International NV announces D. Keith Mosing will serve as executive chairman; Gary Luquette intends to succeed as President and CEO

Monday, 22 Dec 2014 04:30pm EST

Frank's International NV:Says its Board of Supervisory Directors intends to appoint Gary Luquette, currently a member of the Board, to succeed D. Keith Mosing as President and Chief Executive Officer.Luquette will continue to serve on Board.D. Keith Mosing will remain actively involved on a day-to-day basis with the Company and will serve as Executive Chairman of the Board.

CAT oil says CEO, CFO to leave as of March 31, 2015; COO Anna Brinkmann resgins with immediate effect

Monday, 22 Dec 2014 11:22am EST

CAT oil AG:Anna Brinkmann, member of Management Board and Chief Operating Officer (COO) of C.A.T. oil has resigned from the company's management board with immediate effect.Management board members Manfred Kastner (CEO), Ronald Harder (CFO) and Leonid Mirzoyan (Chief Corporate Finance Officer) have terminated their management board employment contracts with effect from March 31, 2015.Anna Brinkmann decided to resign in order to be able to exercise her rights as significant shareholder without concern for any potential conflict of interest with regard to Joma Industrial Source Corp. offer for C.A.T. oil shares.

Tesco Corp appoints Fernando Assing as president and chief executive officer

Friday, 19 Dec 2014 07:00am EST

Tesco Corp:Julio M. Quintana has resigned from the positions of President and Chief Executive Officer.Quintana will remain an employee of the company until his Jan. 1, 2015 retirement date and will remain on the board of directors through his current term.The Board correspondingly appointed Assing as president and chief executive officer and appointed him to a vacant seat on the board of directors.

Petra Energy Bhd proposes disposal of the entire 70 pct equity interest in Jurutera Perunding Akal Sdn Bhd

Wednesday, 17 Dec 2014 07:00pm EST

Petra Energy Bhd:Enters into a Shares Sales Agreement (SSA) with Chiew Chung Lee (Purchaser), the existing shareholder of JURUTERA PERUNDING AKAL SDN BHD (JPA).Shares Sales Agreement to dispose its entire 70 pct equity interest amounting to 70,000 ordinary shares of 1.00 ringgit each in JPA to Purchaser for a cash consideration of 141,189.03 ringgit.

Advanced Holdings Ltd announces proposed disposal of existing water treatment business

Wednesday, 17 Dec 2014 06:30am EST

Advanced Holdings Ltd:Entered conditional share purchase agreement with Sound Global Ltd (the Purchaser).Says pursuant to which it has agreed to sell and the purchaser has agreed to purchase Advanced Resources Holdings Pte. Ltd together with ARH’s subsidiaries Advanced Water (Pengxi) Co., Ltd and Advanced Water Reclamation (Chengdu) Co., Ltd.And also Advanced Water Engineering Pte. Ltd together with its subsidiary Advanced Water Technologies Chengdu Co. Ltd.Says the aggregate consideration for the proposed disposal is an amount in cash equal to the sum of 72,500,000 yuan and S$1,954,116.28.

Altor buys 23.3 pct in Spectrum

Wednesday, 17 Dec 2014 02:15am EST

Spectrum ASA:Altor Fund IV (via Altor Invest 1 AS and Altor Invest 2 AS) has on Dec. 17 acquired 10 million shares in Spectrum, corresponding to 23.3 pct of Spectrum shares outstanding.Following the acquisition, Altor holds 10 million shares in Spectrum.Solan Capital AS, a company controlled by Spectrum board member Gunnar Hvammen, sold 1.5 million Spectrum shares at 29 Norwegian crowns per share.Following sale, Hvammen and associated companies have holding of 1,653,695 Spectrum shares, corresponding to about 3.87 pct.Ferncliff Listed DAI 1 AS, company controlled by Spectrum board member Oystein Stray Spetalen, sold 6.1 million Spectrum shares at 29 Norwegian crowns per share.Says after transaction Oystein Stray Spetalen and associated companies have a total holding of 4,181,183 Spectrum shares corresponding to 9.76 pct.

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