FSO

VAALCO Energy Announces Successful Drilling of North Tchibala 2H-ST Well and Provides Operational Update on FSO and Field Reconfiguration at Etame

Retrieved on: 
Tuesday, September 27, 2022
Securities Exchange Act of 1934, Workforce, Corporation, COVID-19, NYSE, Porosity, Federal Lands Jobs and Energy Security Act, FSO, Intention, Company, Acquisition, OPEC, Fracture, European Union (Withdrawal) Act 2018, Securities Act of 1933, Gamba, Public expenditure, LSE, MAR, Perception, FPSO, Etam plc v Rowan, Permeability, Retirement, GLOBE, Teli, Petroleum, Natural gas, Renewable energy, Oil, Dental amalgam controversy, EU

HOUSTON, Sept. 27, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced the successful drilling of the North Tchibala 2H-ST well that was drilled from the Southeast Etame North Tchibala (SEENT) platform in the Etame field, offshore Gabon.

Key Points: 
  • HOUSTON, Sept. 27, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced the successful drilling of the North Tchibala 2H-ST well that was drilled from the Southeast Etame North Tchibala (SEENT) platform in the Etame field, offshore Gabon.
  • Additionally, the Company provided an operational update on the Teli Floating Storage and Offloading vessel (FSO) installation and field reconfiguration at Etame.
  • Additionally, the FSO hookup and Etame full field reconfiguration are proceeding as planned and we currently expect to have the project completed in October.
  • The person responsible for arranging the release of this announcement on behalf of VAALCO is Michael Silver, Corporate Secretary of VAALCO.

Decklar Announces New Arrangements for Delivery and Export of Crude Oil From Oza Oil Field

Retrieved on: 
Monday, September 19, 2022
Oza, DKL, Sale, FSE, Millennium, FSO, Government, CEO, Transport, GLOBE, Forçados, Oil, Petroleum

Decklar and its co-venturer Millenium Oil & Gas Company Limited (Millenium) are pleased to announce that the 7,800 barrels of crude oil (bbls) previously delivered to the Umugini Pipeline Infrastructure Limited crude handling facilities has now been delivered to the Forcados crude oil export terminal.

Key Points: 
  • Decklar and its co-venturer Millenium Oil & Gas Company Limited (Millenium) are pleased to announce that the 7,800 barrels of crude oil (bbls) previously delivered to the Umugini Pipeline Infrastructure Limited crude handling facilities has now been delivered to the Forcados crude oil export terminal.
  • Decklar and Millenium are also pleased to announce that an agreement has also been reached to transport and sell Oza Oil Field crude oil to a company that owns and operates a small crude oil refinery in Edo State, Nigeria.
  • Separately, agreements have been executed to truck crude oil from the Oza Oil Field to a 45,000 barrel tank farm located in Akwete.
  • Sanmi Famuyide, CEO of Decklar Resources, said the new crude export arrangements, including the sale of the Oza crude oil in storage, sale of future production to a local refinery, and trucking crude oil from the Oza Oil Field to the Akwete tank farm for barging to an FSO, will allow Decklar to significantly increase deliveries of oil to markets through improved logistics and alternative export facilities.

ABACO Enters Financial Partnership with FranDevCo

Retrieved on: 
Thursday, September 1, 2022
Partnership, Development, CEO, EBITDA, Ownership, Lowy, Education, FSO, Leadership, Ohm, Sung, Dudan, FSO Polonez, Acquisition, Growth, Industry, Real estate, Retail

CHARLOTTE, N.C., Sept. 1, 2022 /PRNewswire/ -- ABACO, a premier lower middle market private equity firm led by Michael Abdy, with backing from Noah Lowy of the Lowy Family Group, announced today its partnership with and the recapitalization of FranDevCo, a leading franchise sales organization (FSO). FranDevCo founder, Nick Neonakis, will exit the company and executives Jeff Dudan and Sung Ohm will remain involved in the business post-close with Dudan serving as chairman and Ohm as CEO.

Key Points: 
  • FranDevCo has the exclusive development rights for 12-plus national franchisors and has successfully awarded hundreds of franchise territories since inception.
  • "I'm proud to see FranDevCo enter into this next phase of growth with ABACO as partners," said Neonakis.
  • "The ABACO recapitalization and restructuring provides expanded resources that allow FranDevCo to reimagine the business and explore new, exciting competitive advantages," Dudan said.
  • "Our partnership with FranDevCo gives us the springboard to support entrepreneurs in the US and abroad," said Lowy.

HSA Group pledges US$1.2 million to support the UN's emergency FSO SAFER appeal

Retrieved on: 
Thursday, August 25, 2022
Biodiversity, Philosophy, First Nations in Ontario, Starvation, Insurance, Time, Society, HSA, United Nations, Building material, UN, FSO, FMCG, Reward, History, Failure, Industry, Growth, Private sector, Petroleum, Renewable energy

Carrying over one million barrels of crude oil, FSO SAFER has been moored off Yemen's Red Sea coast for over 30 years.

Key Points: 
  • Carrying over one million barrels of crude oil, FSO SAFER has been moored off Yemen's Red Sea coast for over 30 years.
  • HSA Group's contribution will go towards the UN's US$ 80 million target to fund an emergency operation to remove the tanker's oil cargo and safely transfer it to another vessel.
  • To date, the UN has received US$ 64 million in pledges from over a dozen governments.
  • "HSA Group is gravely concerned by the impending threat of an oil spill from FSO SAFER.

HSA Group pledges US$1.2 million to support the UN's emergency FSO SAFER appeal

Retrieved on: 
Thursday, August 25, 2022
Biodiversity, Philosophy, First Nations in Ontario, Starvation, Insurance, Time, Society, HSA, United Nations, Building material, UN, FSO, FMCG, Reward, History, Failure, Industry, Growth, Private sector, Petroleum, Renewable energy

Carrying over one million barrels of crude oil, FSO SAFER has been moored off Yemen's Red Sea coast for over 30 years.

Key Points: 
  • Carrying over one million barrels of crude oil, FSO SAFER has been moored off Yemen's Red Sea coast for over 30 years.
  • HSA Group's contribution will go towards the UN's US$ 80 million target to fund an emergency operation to remove the tanker's oil cargo and safely transfer it to another vessel.
  • To date, the UN has received US$ 64 million in pledges from over a dozen governments.
  • "HSA Group is gravely concerned by the impending threat of an oil spill from FSO SAFER.

Altera Infrastructure Plans to announce Second Quarter 2022 Earnings Results

Retrieved on: 
Wednesday, August 3, 2022
UMS, NYSE, Infrastructure, FPSO, Safety, Maintenance, New, GLOBE, BBU, TSX, FSO, Partnership, Partner, Ownership

ABERDEEN, United Kingdom, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Altera Infrastructure L.P. (NYSE: ALIN PRA, ALIN PRB and ALIN PRE) plans to release its financial results for the Second Quarter of 2022 after market close on Thursday, August 4, 2022.

Key Points: 
  • ABERDEEN, United Kingdom, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Altera Infrastructure L.P. (NYSE: ALIN PRA, ALIN PRB and ALIN PRE) plans to release its financial results for the Second Quarter of 2022 after market close on Thursday, August 4, 2022.
  • Altera Infrastructure L.P. is a leading global energy infrastructure services partnership primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.
  • Affiliates of global asset manager Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) own 100 percent of Altera Infrastructures general partner.
  • Altera Infrastructures preferred units trade on the New York Stock Exchange under the symbols ALIN PRA, ALIN PRB and ALIN PRE, respectively.

FRO - Fronline Ltd. and Euronav NV sign definitive combination agreement to create a leading global independent oil tanker operator

Retrieved on: 
Monday, July 11, 2022
Combination, Environment, Frontline Ltd., Euronext, Tender offer, Mergers and acquisitions, Chair, Environmental, social and corporate governance, NYSE, KPMG, Carbon, FRO, Supervisory board, Decree, CEO, Royal Decree of Graces of 1815, EBITDA, ESG, Tender, Intention, ABG Sundal Collier, Lazard, Director, VLCC, Industry, OSE, FSO, Listing, DNB ASA, Leadership, Treasury, New, USD, Group, Board, Hemen, Efficiency, MJM, Organization, Board of directors, Risk management, Management, Oil, Renewable energy, Security (finance), Holding company, Cryptocurrency, Audit, Euronav, Front line (disambiguation)

The agreement memorialises the principal aspects of the previously announced term sheet that was signed on 7 April 2022.

Key Points: 
  • The agreement memorialises the principal aspects of the previously announced term sheet that was signed on 7 April 2022.
  • The combined group will create a leading global independent oil tanker owner and operator with the management, capabilities, resources and scale to successfully capitalise on the opportunities presented by the new era in the sustainable shipping industry.
  • The combination of the two organizations will create a single best-in-class, highly competent and experienced team.
  • The enlarged fleet will enable the combined group to provide better service to customers on a global basis.

VAALCO Energy Announces Successful Completion of South Tchibala 1HB-ST Well and Provides Operational Update

Retrieved on: 
Thursday, July 7, 2022
Well, Acquisition, Sand, Securities Act of 1933, Securities Exchange Act of 1934, D1, MAR, Workforce, GLOBE, COVID-19, Exercise, OPEC, Public expenditure, Company, Skandi Neptune, OOIP, LSE, European Union (Withdrawal) Act 2018, Floating production storage and offloading, Risk, Hydrocarbon, Contract, FSO, Perception, Environment, FPSO, NYSE, Federal Lands Jobs and Energy Security Act, NRI, Dürr Dental, BOPD, Program, Intention, Natural gas, Wood drying, Oil, Renewable energy, EU

"We achieved record high quarterly liftings during the second quarter of 2022, which equates to sales volumes of approximately 10,500 BOPD net to VAALCO.

Key Points: 
  • "We achieved record high quarterly liftings during the second quarter of 2022, which equates to sales volumes of approximately 10,500 BOPD net to VAALCO.
  • The South Tchibala 1HB-ST was successfully completed after performing a frac pack on the Dentale D1 sand, the first operation of this kind in the Etame field.
  • The second sand identified during the drilling, the Dentale D9, was not appraised during this completion, although it also showed hydrocarbon potential.
  • VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SecZetta Featured in Aite-Novarica Group Inaugural Risk Insights and Advisory Fintech Spotlight

Retrieved on: 
Wednesday, June 8, 2022
Mobile, Wireless, Technology, Finance, Security, Other Technology, Professional Services, Software, Networks, Internet, Other Professional Services, Â, Bank, CEO, FSO, AML, Organization, Solution, Risk, Technology, CISO, Risk management, Computer security, Fraud

SecZetta , the leading provider of third-party identity risk solutions, is pleased to share it is featured in a new financial services technology spotlight report by the Aite-Novarica Group , an advisory firm providing mission-critical insights on technology, regulations, markets, and operations to banks, payments providers, insurers, and securities firms.

Key Points: 
  • SecZetta , the leading provider of third-party identity risk solutions, is pleased to share it is featured in a new financial services technology spotlight report by the Aite-Novarica Group , an advisory firm providing mission-critical insights on technology, regulations, markets, and operations to banks, payments providers, insurers, and securities firms.
  • By providing organizations the ability to extend controls beyond third-party workers to an Nth-party approach, risk associated with third-party vendors and their supporting subcontractors can be managed in an entirely new way.
  • SecZetta enables better transparency and transformational risk mitigation for the institution.
  • SecZetta uniquely offers capabilities to extend risk controls beyond the third-party organization to their associated nth-party identities.

International Seaways Monetizes FSO Joint Venture With Sale to Euronav and Increases Quarterly Cash Dividend

Retrieved on: 
Tuesday, June 7, 2022
Maritime, Energy, Transport, Oil, Gas, Diamond, LNG, North Oil Company, Al Shaheen Oil Field, Company, Board of directors, INSW, Annual report, Contract, Forward-looking statement, CEO, Partnership, FSO, Homeless International Flag, Investment, U.S. Securities and Exchange Commission, Sale, Euronav, NYSE, Diamond S Shipping Group Inc., Risk, Total, SEC, Board, Compte rendu, Oil, Security (finance)

Net of adjustments for working capital and expenses, International Seaways received approximately $140 million in cash from the sale.

Key Points: 
  • Net of adjustments for working capital and expenses, International Seaways received approximately $140 million in cash from the sale.
  • The two FSO vessels have been serving the Al Shaheen field without interruption since 2010.
  • We thank Euronav for their partnership, and we are confident that they will continue to operate these vessels with the highest standards.
  • International Seaways has been a strong and reliable partner since 2008 and we are grateful for their support.