Oil - Related Services / Equipment
Scomi Group Bhd Announces Voluntary Liquidation Of Scomi Oiltools de Mexico S de RL de CV And Oilfield Services de Mexico S de RL de CV
Scomi Group Bhd announced that Scomi Oiltools de Mexico S de RL de CV (SOM) and Oilfield Services de Mexico S de RL de CV (OSM), both being 99.97% owned subsidiary of Scomi Oiltools Bermuda Limited, a wholly-owned subsidiary of SCOMI, and which are in turn subsidiaries of SCOMI, have been placed under members’ voluntary liquidation on June 25, 2013 and has held its Final Meeting on June 25, 2013. SOM and OSM have ceased their operations since November 11, 2011 and it is therefore not cost effective to continue to maintain SOM and OSM. The liquidation of SOM and OSM will not have any material financial and operational impact effect on the net assets and earnings of SCOMI for the financial year ending 31 March 2014 other than the liquidation expenses. The liquidation is not subject to the approval of the shareholders of SCOMI and any relevant authorities. None of the directors and/or major shareholders of SCOMI and/or persons connected with them have any interest, direct or indirect, in the liquidation. The Board of Directors of SCOMI, having taken into consideration all aspects of the liquidation, is of the opinion that the liquidation is in the best interest of SCOMI.
Wah Seong Corporation Bhd Announces Deregistration Of Delco Papua New Guinea Limited
Wah Seong Corporation Bhd announced that Delco Papua New Guinea Limited (DelcoPNG), a dormant indirect wholly-owned subsidiary of the Company, has been deregistered on May 21, 2013 pursuant to Section 366(1)(d) of the Companies Act, 1997 in Papua New Guinea. The Letter of approval for deregistration was received on June 13, 2013 from the Registrar of Companies of Papua New Guinea. DelcoPNG was incorporated in Papua New Guinea on October 22, 2001 with a paid-up capital of PNG KINA 2.00 and is wholly-owned by WSIPL Australia Pty Ltd, a wholly-owned sub-subsidiary of the Company via Wah Seong International Pte Limited. The deregistration of DelcoPNG will not have any effect on the share capital and shareholdings of the substantial shareholders of WSC and will not have any financial impact on the gearing, earnings and net assets of WSC Group for the financial year ending December 31, 2013.
Stroytransgaz OAO to Close Branch in Udomlya-SKRIN
SKRIN reported that Stroytransgaz OAO has decided to close the Company's branch in Udomlya.
Swiber Holdings Ltd Announces Dissolution Of Subsidiaries
Swiber Holdings Ltd announced that the following indirect wholly-owned subsidiaries (Subsidiaries) have been de-registered: Kreuz Offshore Contractors Limited, a company incorporated in Labuan, Malaysia and Equatoriale Offshore Pte. Ltd., a company incorporated in Republic of Singapore The Subsidiaries have been dormant since the date of incorporation. The deregistration of the Subsidiaries are not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company and its Group for the current financial year ending December 31, 2013.
AusGroup Ltd Announces Closure Of Dormant Subsidiary
AusGroup Ltd announced that the Company’s wholly-owned subsidiary in Singapore, AGL (Asia) Pte. Ltd. (the Subsidiary) was placed under member’s voluntary liquidation on May 14, 2013. Mr Goh Boon Kok, c/o 1 Claymore Drive #08-11 Orchard Towers (Rear Block) Singapore 229594 was appointed the Liquidator of the Subsidiary.
Sevan Marine ASA Completes Restructuring and Transfers FPSO Voyageur Spirit and Shares in Sevan Production UK Limited to Teekay Corp's Voyageur LLC through Sevan 300 Pte Ltd
Sevan Marine ASA announced that the restructuring, which commenced in 2011 and has been implemented under a step plan through 2011 and 2012, has been effected according to plan as the final element was completed with the delivery of FPSO Voyageur Spirit (the Unit) to Voyageur LLC, a subsidiary of Teekay Corp on May 2, 2013. Title to the Unit, together with all of the shares in the Company's subsidiary Sevan Production UK Limited (SPUKL), was transferred by Sevan 300 Pte Ltd to Voyageur LLC on May 2, 2013, in connection with which Sevan and relevant subsidiaries were released from all obligations and liabilities under (i) the USD 230 million loan facility pertaining to the Unit pursuant to finance documents with the bank syndicate led by ING Bank N.V as agent, (ii) the bridge loan provided to Sevan by Voyageur LLC for completion of the upgrade of the Unit, and (ii) the chartering and service agreements (with ancillary documents) entered into with the Huntington licence holders, represented by E.ON E&P UK Limited (E.ON). SPUKL, under the ownership of Voyageur LLC, will make the Unit available to the E.ON consortium for use on the Huntington field that production has commenced.
AusGroup Ltd's AusGroup Corporation Co Ltd Announces Notification Of Dissolution Of Subsidiaries
AusGroup Ltd announced that the two Thailand subsidiaries of its wholly-owned subsidiary, AusGroup Corporation Co Ltd, were dissolved pursuant to Section 1236 of Chapter IV Limited Companies on April 23, 2013: Modern Access Services (Thailand) Co Ltd; Modern Industries (Thailand) Co Ltd. Based on the financial statements for the period ended April 23, 2013 of Modern Access Services (Thailand) Co Ltd and Modern Industries (Thailand) Co Ltd, the issued and paid-up capital, book value and net tangible assets value of both companies were SGD0.00.
Ezra Holdings Ltd Announces Completion Of Members Voluntary Liquidation
Ezra Holdings Ltd announced that the liquidation is complete and accordingly, Casadilla Group Pte Ltd has ceased to be a joint venture company of Ezra.
Bumi Armada Berhad Announces Cessation Of Subsidiary
Bumi Armada Berhad announced that in relation to the cessation of a subsidiary pursuant to the Conditional Sale and Purchase Agreement (SPA) entered into by subsidiary, Bumi Armada Automation International Sdn Bhd (Bumi Armada Automation) with Dyna-Mac Holdings Ltd on November 20, 2012 for the disposal of Bumi Armada Automation's entire 100% equity interest in Haven Automation Industries (S) Pte Ltd (Haven) (the Disposal). Bumi Armada announced that the Disposal has been completed on March 26, 2013 and accordingly, Haven has ceased as a wholly owned subsidiary of Bumi Armada.
SAAG Consolidated (M) Berhad Updates On Winding-Up Of SAAG Infrastructure (M) Sdn. Bhd
SAAG Consolidated (M) Berhad announced that further to the announcement made earlier, the Company now announced that SAAG Infrastructure (M) Sdn. Bhd. (SISB), a subsidiary of the Company, has on even date received a signed and sealed copy of the Order dated February 25, 2013 from Syarikat K.L. Rekhraj, Advocates and Solicitors acting for Sprecom Engineering Sdn. Bhd wherein the High Court of Malaya at Shah Alam has ordered the following : that SISB be wound up by the Court under the provisions of the Companies Act, 1965; that the Official Receiver be appointed liquidator of SISB; that the costs of this Petition be paid out of the assets of SISB.
Markets
- Sectors
- U.S.
- Europe
- Asia
Sector Summary
| Energy |  -0.28% |
| Basic Materials | -0.35% |
| Industrials |  +0.02% |
| Cyclical Goods & Services | +0.10% |
| Non-Cyclical Goods & Services | -0.28% |
| Financials | -0.19% |
| Healthcare | -0.11% |
| Technology | -0.01% |
| Telecoms | -0.34% |
| Utilities | -0.38% |
| 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 |
|---|---|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Edison Investment Research
|
$10.00
|
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
