Eurocontrol Technics Group Inc :Eurocontrol technics group inc- commercialization of precision agricultural initiative will commence in 2017 under name croptimal.
Polarcus Ltd : Received a letter of intent for broadband 3D project offshore West Africa .Project is due to commence in Q1 2017 and will run for approximately one month..
Zhejiang Renzhi Co., Ltd.<002629.SZ>:Says it plans to set up trading unit in Zhejiang, with registered capital of 100 million yuan.
Lamprell Plc : Received a new contract award from ScottishPower Renewables for fabrication of multiple jackets and piles for East Anglia One offshore wind farm . Contract is valued at approximately $225 mln .Fabrication work in Lamprell's Jebel Ali and Sharjah yards in UAE is scheduled to start in March 2017, with deliveries to be made between March and Oct 2018.
Electromagnetic Geoservices ASA : Confirms that firm contract has been entered into with oil company in Malaysia . Contract confirms provisional agreement announced in on Nov. 1 [nGNE8Xj7Zc] .BOA Thalassa will perform survey which is estimated to take about 2 months with expected completion date early Jan. 2017.
Suzhou Douson Drilling & Production Equipment Co Ltd <603800.SS>:Says it established new unit Douson (Hong Kong) New Energy Technology Co., Limited on Nov. 7.
GI Technologies Beijing Co Ltd <300309.SZ>: Says it to set up a wholly owned asset management subsidiary in Xinjiang .Says the unit to be capitalzed at 1 billion yuan.
Seabird Exploration Plc : Source work in West Africa . Signed an agreement to provide a source vessel for an upcoming ocean bottom seismic survey in Gulf of Guinea .Project is anticipated to commence in late Q4 2016 and will have a duration of about two to three months.
Ocean Yield ASA : Updates on gas carriers under construction at Sinopacific . Construction of vessel no. 1 is going according to plan and vessel is expected to be delivered towards end of October 2016 . Vessel no. 1 will thereafter enter into its long term charter with Hartmann/Sabic . For vessel no. 2, Sumec Marine Co. Ltd., will finance and finalise construction of vessel at Dayang Shipyard . Expected delivery date for vessel no. 2 will be July 1, 2017 . For vessel no. 3 it has been agreed, in collaboration with Hartmann/Sabic, that this vessel is cancelled . $16.2 million paid in pre-delivery instalments to shipyard for vessel no. 3 shall be repaid with 5 pct interest upon cancellation of shipbuilding contract .Says cancellation is not expected to have any material accounting effect in Q4.
Dof ASA : In Norway Statoil has extended the contract for Skandi Mongstad with one year from Oct. 2016 . In Argentina Total Austral has extended the contract for Skandi Møgster with 6 months from Oct. 2016 . In Canada the contract for Skandi Flora has been extended with one well with estimated duration of 6 months .Assumed average EBITDA/day from the above contracts is about 40,000 - 45,000 Norwegian crowns ($5,000 - $5,600) per vessel.