Golar Lng Ltd : Golar and Schlumberger have 51/49 ownership of joint venture. . Co, Schlumberger will on a project-by-project basis discuss additional debt capital as required . Golar and Schlumberger form OneLNG joint venture: OneLNG targets development of low cost gas reserves to LNG . Golar and Schlumberger have agreed an initial investment commitment to cover estimated equity needed to develop first project .Future financing to take into account Golar's flng intellectual property through equitable contribution mechanism to be agreed between parties.
TH Heavy Engineering Bhd : Bursa Malaysia Securities on 25 July issued unusual market activity query on recent sharp rise in price and volume of co's shares . Source (http://bit.ly/2apwBe7) ((For more news, please click here [THHE.KL])) ((Bengaluru Newsroom; +91 80 6749 1130)).
Xinjiang Zhundong Petroleum Technology Co Ltd <002207.SZ> : Says it signs a suspension agreement on 35 percent stake sale in Netherlands Sinian Energy Coöperatief U.A. for 250 million yuan .Previous announcement disclosed on Feb. 23.
Sichuan Renzhi Oilfield Technology Services <002629.SZ>: Says Chen Qiang resigned from financial director on July 20 .Says it appoints Jin Hong as new financial director on July 21.
LWP Technologies Ltd : LWP secures $6 million cornerstone investment . Placement of 1.2 billion shares to lanstead at $0.005 per share . Has agreed to make a value payment of 60 million shares as consideration for the sharing agreement . Company intends to strategically deploy these funds to advance the commercialisation of its unique energy technologies .
Wah Seong Corporation Bhd : Says business unit has been awarded contract valued at USD18.23 million . Contract is expected to contribute positively to earnings of wsc group . Contract for provision of pipe shipping and related services for johan sverdrup export pipeline project .Further to announcement on award of contract by statoil petroleum to pipe coating business unit for total scope of coating work.
Polarcus Ltd : Q2 total revenue $67.9 million (Reuters poll $68.4 million) . Q2 EBITDA $23.0 million (Reuters poll $17.3 million) . Says expects difficult market conditions to continue into 2017 . Says there is reduced prefunding available from prospective clients for multi-client projects and competition for proprietary contracts remains high . Will continue to focus on its business fundamentals of efficient and safe project execution, high fleet utilization and continued backlog .Estimated value of backlog measured at the end of the quarter is $150 million, including contracts awarded post-quarter end.
Bumi Armada Bhd : Established JV company known as Shapoorji Pallonji Bumi Armada Godavari Private Ltd along with unit of Shapoorji Pallonji And Co Private Ltd . Establishment of JV will not have any material effects on EPS, net assets per share and gearing of group for year ending 31 December 2016 .
Petra Energy Bhd : Unit entered into a Memorandum Of Understanding on 20th July with MMC Oil & Gas Engineering Sdn Bhd .