Seatrium has disappointed shareholders for more than 5 years. But the offshore, marine and energy firm is now turning around, says its CEO Chris Ong. #Singapore #Seatrium #marine #offshore #energy
The Straits Times’ Post
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🌊⚡️🇩🇰🇵🇱⚖️ This is a major investment of B2RLaw's longstanding client in the offshore wind space in #Szczecin, Poland. It demonstrates Poland's renewed willingness to turn to sustainable #greenenergy, as well as our firm's capabilities in successfully advising on the most complex of projects. Kudos to Andrzej Zając, Bogdan Duda, Konrad Czernecki and many others. #vestas #offshore #energy #b2rlaw
🌪🌊 B2RLaw advises Vestas on the acquisition of the ST3 Offshore for over PLN 170 million. The B2RLaw team was led by Andrzej Zając (Advocate, Partner, Head of the Energy and Real Estate), with the support of Bogdan Duda (Attorney-at-law, Partner) and Konrad Czernecki (Attorney at Law Trainee, Associate). Andrzej Zając states: "Vestas is a leading supplier to the Polish onshore wind energy market and has been present in Poland for many years. When Poland is particularly turning its attention to offshore wind energy and offshore is seen as a key solution to current national and global energy challenges, it is great to see our client as a leader once again, playing a key role in the Polish energy market. We would like to thank the Vestas team for entrusting us to advise on this key and challenging project and we look forward to its completion." Learn more ⤵ https://lnkd.in/d2JbPSHV *** 🌪🌊 B2RLaw doradza Vestas w zakupie przedsiębiorstwa ST3 Offshore za ponad 170 mln PLN. Zespół B2RLaw pracował pod kierownictwem Andrzej Zając (Adwokat, Partner, Szef Praktyki Energetyki i Nieruchomości), przy wsparciu Bogdan Duda (Radca Prawny, Partner) oraz Konrad Czernecki (Aplikant Radcowski, Prawnik). Więcej o transakcji ⤵ https://lnkd.in/dBXk34Ex
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Seatrium (formerly Sembcorp Marine) tapped its shareholders for S$2.1 billion in 2020, and a further S$1.5 billion in 2021; and then issued shares worth S$4.68 billion to acquire Keppel’s offshore and marine arm. The result: Seatrium now has a market capitalisation of only S$6.82 bil and falling. What’s next? Sembmarine will report a substantial loss for 2023 from the write-down of some assets. Talk about adding insult to injury. Here’s the latest #MarkToMarket column, which ran in today’s edition of #TheBusinessTimes: https://lnkd.in/g3aYWheX
Seatrium’s profit warning has a silver lining
businesstimes.com.sg
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What is the Mega Backdoor Roth strategy? It's your key to maximizing tax advantages and building long-term wealth. Discover the challenges Chevron employees face with implementing the Mega Backdoor Roth. #MegaBackdoorRoth #401k #RothIRA #FinancialFreedom #WealthBuilding
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Foreign investment now makes up nearly half of all M&A deals in Norway. With its innovative tech industry, access to green energy resources, and government initiatives to support small and medium-sized enterprises (SMEs), Norway is proving a prime target for international investors looking to capitalise on new growth and diversification opportunities. “In the past year, all my transactions have been with foreign buyers,” says Kent M. E. Kvalvik, partner at Norwegian M&A advisory firm Weibull AS. #mergersandacquisitions #dealsourcing #nordics Read the article here: https://lnkd.in/gXW7WXtp
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🚀 Exciting developments in the UK North Sea as 2024 unfolds! Analysts predict a flurry of activity amidst a shifting landscape of acquisitions and strategic reshuffling. Here are some key "deals to watch": 🔍 Shell and ExxonMobil SNS Portfolio Sale: Keep an eye on the conclusion of this sale, which could reshape the southern North Sea assets in the UK and Dutch sectors. 💼 TotalEnergies Portfolio Rationalization: With TotalEnergies looking to streamline its UK portfolio, the sale of Laggan Tormore could mark a significant move in this direction. 🌊 Rosebank and Cambo Farm-Out Processes: The fate of these two major projects hangs in the balance, with potential partners sought for development in the UK sector. 🛢️ Equinor's Stake in Greater Laggan Area: Following a strategic offload in 2022, Equinor's further divestment could signal shifts in investment priorities in the West of Shetland. 💡 Harbour Energy's Expansion: Harbour Energy's ambitious deal to acquire assets from Wintershall DEA underscores growth ambitions in the UK and Norwegian sectors. As the energy industry continues to evolve, these developments highlight the dynamic nature of the North Sea market and the strategic maneuvers of key players. Stay tuned for further updates on these intriguing developments! #UKNorthSea #EnergyIndustry #MergersAndAcquisitions #StrategicInvestments 🌊🔍
‘Buyer’s market’: Several North Sea 'deals to watch' as general election looms
https://www.energyvoice.com
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CCO Dealsuite | Inspirational Commercial Leader | Business Development | SaaS | Helps bringing M&A supply & demand together
The Nordics are a region that is of great interest to us, as it offers a lot of potential: An open, transparent and international market, a good adoption of technology, a lot of investors but also a lot of interesting ventures and enterprises.. We started reaching out to M&A Advisors and investors some time ago and I am glad to see this starts paying off, as Kent M. E. Kvalvik, partner at the Norwegian M&A advisory firm Weibull AS mentions in the article below: “Dealsuite helps us reach out to potential investors and buyers that we don't have in our target group list,“ says Kvalvik. “It also expands our network in general as we get in touch with a lot of other M&A firms across Europe and new industrial investors that we didn't know previously.” Read the full article below #mergersandacquisitions #dealsourcing #Nordics
Foreign investment now makes up nearly half of all M&A deals in Norway. With its innovative tech industry, access to green energy resources, and government initiatives to support small and medium-sized enterprises (SMEs), Norway is proving a prime target for international investors looking to capitalise on new growth and diversification opportunities. “In the past year, all my transactions have been with foreign buyers,” says Kent M. E. Kvalvik, partner at Norwegian M&A advisory firm Weibull AS. #mergersandacquisitions #dealsourcing #nordics Read the article here: https://lnkd.in/gXW7WXtp
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DOF Group to acquire Maersk Supply Service DOF Group has announced that it has entered into an agreement to acquire Maersk Supply Service, further enhancing its position as an offshore services provider. Through a newly incorporated subsidiary DOF Offshore Holding Denmark ApS, DOF will acquire all of the shares in Maersk Supply Service from Maersk Supply Service Holding, a subsidiary of AP Møller Holding. The acquisition will be paid partly in cash and partly in new shares to be issued by DOF, representing a consideration of approximately US$1.112 billion as of close on 28 June 2024. After the consideration shares are issued, Maersk Supply Service Holding will hold 25% of the share capital in DOF. Maersk Supply Service will at the time of completion of the transaction own 22 subsea and AHTS vessels, following a carve-out of certain entities, vessels, assets and liabilities. The combined company, operating under the DOF Group name and brand, will provide a comprehensive range of services across all continents in the offshore energy industries. The combined company will be one of the largest oil services companies listed on the Oslo Stock Exchange. In a statement, AP Moller Holding said it would 'combine' Maersk Supply Service with DOF Group, but Maersk Supply Service’s offshore wind installation concept will remain owned by AP Moller Holding. It will be named Maersk Offshore Wind, and focus on the growing global offshore wind installation market. #DOF #DOFGroup #MaerskSupplyService #OSV #offshore #Maersk #APMoller
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Shipping & Offshore Investment in Strong Markets 24th Norway Ship & Offshore Finance Forum – 23 May 2024 On behalf of our Partner, NorthCape, and all of our sponsors and supporters, it is our pleasure to share with you the Agenda for our 24th Marine Money Norway Ship & Offshore Finance Forum that will take place Thursday, May 23rd at the Hotel Continental, Oslo. To view the agenda and to register visit our website at – https://lnkd.in/g9HbgRc9 Shipping balance sheets are robust and banks, with shrinking books, are eager to do deals, especially with top names. The offshore oil and gas market continues to excel, but its support has come more in the form of direct lending and the bond market, with equity playing a role, and while offshore wind news flow has turned to the positive, 2023 was a record year of investment, and the sector is of keen interest to capital providers, it continues to be complicated due to the lack of sufficient contracts in most cases. Covering shipping, offshore oil and gas and offshore wind, it will be an exceptional transaction development, networking and market intelligence gathering opportunity. #MM #MMOslo2024
24th Annual Norway Ship & Offshore Finance Forum
marinemoney.com
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Repsol's Norwegian Subsidiary Divestment Sparks Industry Interest 1. Repsol, a Spanish oil company, is initiating the sale of its Norwegian subsidiary, Repsol Norge AS, as per a document obtained by Reuters. 2. Rothschild, an investment bank, is managing the sale of 10 assets situated in the Norwegian Continental Shelf. 3. The assets include: - Seven producing fields with net reserves of 53 mmboe, with 36% gas. - Projected 2024 net production of 29 mboedp. 4. The project, named Hemera, encompasses: - All employees. - Asset tax and tax histories. - Lease liabilities. - Decommissioning commitments. 5. Repsol declined to comment, and Rothschild did not respond outside of business hours. 6. The total value of the assets, covering both operated and non-operated fields, is reportedly below $500 million, according to a source close to the deal. #RepsolNorgeDivestment #EnergyIndustryNew #NorwegianOilSale #InvestmentOpportunity #RothschildAdvisory #StrategicPortfolioOptimization #OilAndGasMarket #AssetManagement #BusinessDeal #CorporateStrategy
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Public Investment Fund (PIF) has completed the acquisition of a 40% stake in Zamil Offshore Services Company, a prominent player in Saudi Arabia's offshore support vessel and construction sector. This investment is poised to strengthen Zamil Offshore's financial position, empowering it to meet the rising demand for offshore support services, potentially including ventures in wind power generation. With over 90 vessels operating in the Arabian Gulf and strategic joint ventures such as Zamil Mermaid and SBS Oceanics, Zamil Offshore is well-positioned in the market. Public Investment Fund (PIF) has been driving the Kingdom’s economic diversification journey over the past several years. In January, the wealth fund increased its stake in Japan-based video game firm TECMO KOEI GAMES Co., Ltd. to 6.60% from 5.56%. In February 2023, the fund raised its stake in Nintendo to 8.26% from 7.08%, making it the largest outside investor in the Japanese gaming company. Last month, the fund also acquired a 23.8% stake in Middle East Paper Company (MEPCO), one of the leading manufacturers specializing in producing and recycling paper products in the MENA region. Arshad Gadit - FCA, ACCA Yasir Gadit Khushboo Mushtaq ACA Muhammad Osman Babar Usman Alam Rehan Zulqadar Ammad Z. #OffshoreSupport #EnergyInvestment #SaudiArabia #PIF #ZamilOffshore #StrategicPartnership #RenewableEnergy #GulfIndustry #ExpansionOpportunities #mergersandacquisitions #athgadlang #wathiq
PIF acquires 40% stake in Zamil Offshore Co.
arabnews.pk
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