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Offshore marine firm POSH raises $311 mln in Singapore IPO
* POSH prices IPO at S$1.15 per share, near bottom of indicative range * POSH focuses on service to production, maintenance * POSH keen on growing offshore accommodation business (Adds details about the company's outlook, comments from management) HONG KONG/SINGAPORE,April 17 (Reuters) - PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its ...

Offshore wind expansion in UK under threat, says key player
RWE's Paul Coffey says government 'lack of clarity' has taken puff out of industry that is central to UK energy needs A major offshore wind developer has thrown into doubt the huge expansion of sea-based turbines, which the government is relying on to keep the lights on for the rest of the decade. Paul Coffey, chief operating officer at RWE's renewable energy division Innogy, said: "Offshore ...

Offshore marine firm POSH may raise $311 mln in Singapore IPO-sources
PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its initial public offering near the bottom of the pricing range indicated earlier, two sources with knowledge of the matter said. Underwriters have recommended POSH to price the deal at S$1.15 a share against an indicative price range of S$1.13 to S$1.24 a share, the sources said. The deal ...

Offshore Tax Havens Cost You $1,259 a Year
Happy Tax Day! Here’s something to think about when rushing to meet tonight’s tax filing deadline: The federal and state government loses more than $180 billion in revenue every year to corporations and wealthy people who shelter their money in offshore tax havens. To put that in context, every U.S. taxpayer would have to slap an extra $1,259 on their tax bill this year in order to make up for ...

Offshore windfarms 'wild west' of renewable energy, union warns
Regulators aren't keeping up with rapid growth of industry as boat operators 'ignore safety rules and risk lives of workers' The government's push into offshore wind power has created a boom in renegade ship operators that are exploiting workers and putting lives in danger, according to the UK's largest marine workers' union. Nautilus has dubbed the sector that operates boats for the UK's ...

Total strikes oil for second time offshore Ivory Coast
By Michel Rose and Joe Bavier PARIS/ABIDJAN (Reuters) - France's Total said on Thursday it had discovered oil in a deep offshore area in the west of Ivory Coast, the company's second oil find in a year in the West African country. "This well is the first discovery in the San Pedro Basin, a frontier exploration area in Ivory Coast," Total senior vice president for exploration Marc Blaizot said in ...

Offshore marine firm POSH raises $389 mil in Singapore IPO: Update
PACC Offshore Services Holdings (POSH) could raise at least $389 million after pricing its initial public offering near the bottom of the pricing range indicated earlier, the company said on Thursday.   The deal comes as Singapore’s IPO market has struggled in recent years. Most big-ticket listings in Asia opt for Hong Kong where there is more robust demand from Chinese and international ...

BW Offshore: Termination of the LOI for acquiring stake in Polvo oil field
On 13 December 2013, BW Offshore announced the Letter of Intent ("LOI") to acquire 30% of the participating interests in the Polvo oil field in Brazil from HRT O&G Exploração e Produção de Petróleo ...

Three International Wind Power Exhibitions to Take Place in Shanghai in July 2014
SHANGHAI, April 16, 2014 /PRNewswire/ -- The Offshore Wind China Conference & Exhibition, the Wind Farm O&M China Conference & Exhibition and Distributed Generation China will take place concurrently at Shanghai Mart in Shanghai on 2-4 July 2014. As organizers, the Chinese Renewable Energy Industries Association, the Chinese Renewable Energy Industries Committee, the China National Renewable ...

SBM Offshore says agents may have bribed officials in Africa
Dutch oil and gas services company SBM Offshore NV said an internal investigation had found evidence that agents in Angola and Equatorial Guinea may have bribed government officials. But the company said it found no evidence of such practices in Brazil, where it does much of its business, and shares in SBM Offshore jumped more than 5 percent in early trading on Wednesday. ING analysts said the ...

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