C.A.T oil AG: Board Accepts Joma Industrial Bid but is Still Wary of Their Intentions
The Management Board and Supervisory Board of C.A.T. oil AG today published their Joint Reasoned Statement pursuant to Article 27 WpÜG on the takeover offer made by Joma Industrial Source Corp. (“Joma”) on December 11, 2014. In this statement, Management Board and Supervisory Board indicate that the offer price of …
J D Neuhaus Hoists Facilitate Crane Repairs On An Offshore Platform
When the diesel engine of a deck crane failed, it caused major handling problems for an offshore platform operating in the Dutch sector of the southern North Sea, problems that were solved with the use of J D Neuhaus air operated hoists. The crane was operating at 40 metres above …
NorLense: Oil Trawl Sets New Standards for Oil Spill Response
The newly developed Oil Trawl from NorLense attracts international interest – and sets new standards for efficient oil spill recovery: – The system collects, concentrate and store oil in one operation – Can be operated by one vessel and one person – Deployment-time reduced to formidable 10 minutes – Integrated …
Technip Drops Plans to Acquire CGG
CGG notes the announcement made by Technip today that it no longer intends to file a tender offer for CGG. Since the beginning of this unsolicited approach by Technip on November 10, CGG remained open to dialogue and studied all proposals of Technip taking into account the interests of its …
TGS: Kristian Johansen Appointed COO
The Board of TGS is pleased to announce the appointment of Kristian Johansen to the newly created role of Chief Operating Officer (COO), effective 1 February 2015. Kristian joined TGS in 2010 as Chief Financial Officer. Prior to joining TGS, Kristian was the Executive Vice President and CFO of EDB Business …
Frost & Sullivan: Unconventional Oil and Gas to Play an Important Role in Altering the Global Fuel Mix
A new analysis presents the key trends that will transform the global market over the next decade and beyond While crude oil prices are sliding, many companies and governments are cautiously investing in new as well as existing technologies to obtain oil and gas (O&G) from unconventional sources. Unconventional O&G …
DNV GL Establishes Recommended Practice To Manage Integrity Of Subsea Production Systems
Hot on the heels of a new Recommended Practice (RP) for subsea lifting, DNV GL has now published an RP providing guidance on how to establish, implement and maintain an integrity management system (IMS). The aim is to help operators carry out maintenance activities at the most cost effective intervals, …
C.A.T. oil AG: Points to Errors in Joma Industrial Source Corp Bid
The management board of C.A.T. oil AG (Company) (ISIN: AT0000A00Y78; WKN: A0JKWU) was informed by AB PCO Investment Limited (Cyprus) (AB PCO), an investment vehicle of the member of the management board Anna Brinkmann, on 12 December 2014 that the offer document which was published by Joma Industrial Source Corp. …
Joma Industrial Source Corp: Makes Mandatory Offer for C.A.T. oil AG at 15.2 Eur a Share
Today, JOMA INDUSTRIAL SOURCE CORP., which is a company indirectly owned by the French veteran oil manager Maurice Dijols, has published – after acquiring a controlling interest – its mandatory offer to the shareholders of C.A.T. oil AG headquartered in Vienna. The offer document was approved by by the German Federal Financial Supervisory Authority …
C.A.T. oil AG: To Carefully Consider Joma Industrial Offer
Management Board and Supervisory Board will publish their reasoned opinion on the offer in due course C.A.T. oil AG one of the leading providers of oil and gas field services in Russia and Kazakhstan, notes today’s publication of the offer document for the mandatory public takeover offer announced by Joma Industrial Source Corp. (“Joma Industrial”) …