Perenco

Bloom Energy, Perenco to Deploy Solid Oxide Fuel Cells in the United Kingdom

Retrieved on: 
Wednesday, June 7, 2023
Oil, Gas, Alternative Energy, Energy, Environment, Sustainability, Partnership, Senior, International business development, Bloom Energy Server, Ferrari, Multimedia, Perenco, NYSE, Wytch Farm, Télam, International business, United Kingdom, BOE, Bloom Energy, Renewable energy, Bloom

Bloom Energy (NYSE:BE) has signed an agreement with Perenco to install 2.5 megawatts (MW) of Bloom’s solid oxide fuel cells at a site in England.

Key Points: 
  • Bloom Energy (NYSE:BE) has signed an agreement with Perenco to install 2.5 megawatts (MW) of Bloom’s solid oxide fuel cells at a site in England.
  • Perenco is a leading independent hydrocarbon company, producing 500,000 BOE of oil and gas per day from its operations in 14 partner countries.
  • The agreement marks the first deployment of Bloom fuel cell technology in the United Kingdom.
  • “Perenco has always been a pioneer in innovation and long-term investment in the countries where we operate,” said Benoit de la Fouchardiere, Perenco CEO.

New Fortress Energy Sells Stake in Hilli for Cash and Return of Remaining NFE Shares Held by Golar

Retrieved on: 
Monday, February 6, 2023
Oil, Gas, Energy, FLNG, Perenco, Acquisition, Wes Edens, SNH, LNG, Sale, GLNG, Cryptocurrency, Hilli, Golar LNG, NFE

New Fortress Energy Inc. (“NFE” or the “Company”) (NASDAQ: NFE) announced that it has reached an agreement with Golar LNG Limited (“Golar”) (Nasdaq: GLNG) for the sale of NFE’s ownership stake in the Hilli in exchange for the return of 4.1 million NFE shares and $100 million in cash.

Key Points: 
  • New Fortress Energy Inc. (“NFE” or the “Company”) (NASDAQ: NFE) announced that it has reached an agreement with Golar LNG Limited (“Golar”) (Nasdaq: GLNG) for the sale of NFE’s ownership stake in the Hilli in exchange for the return of 4.1 million NFE shares and $100 million in cash.
  • The acquisition by NFE of all NFE shares held by Golar reduces the number of NFE shares outstanding to approximately 204.7 million shares.
  • As part of the agreement, NFE will also extinguish $323 million in debt obligations associated with its interest in the Hilli.
  • “With this transaction we will sell our minority interest in the Hilli in exchange for 4.1 million shares of NFE and $100 million in cash,” said Wes Edens, Chairman and CEO of New Fortress Energy.

Valaris Announces Contract Awards and Fleet Status Updates

Retrieved on: 
Thursday, December 15, 2022
Energy, Other Energy, Oil, Gas, Annual report, Perenco, Result, Weather, NYSE, FID, Terrorism, Economy of Bermuda, Security (finance), NOx, Safety, Social, Maintenance, Bankruptcy, ARO, BP, Energy Independence and Security Act of 2007, Part Two, Financial condition report, Analysis, Public expenditure, Public health, Bermuda, Limited, Social Security Government Pension Offset, COVID-19, SCR, Shell, Petroleum, Construction, Risk management, Biophysical environment

Valaris Limited (NYSE: VAL) (Valaris or the Company) announced today new contracts and contract extensions, with expected associated contract backlog to Valaris of approximately $275 million, awarded subsequent to issuing the Companys most recent fleet status report on October 31, 2022.

Key Points: 
  • Valaris Limited (NYSE: VAL) (Valaris or the Company) announced today new contracts and contract extensions, with expected associated contract backlog to Valaris of approximately $275 million, awarded subsequent to issuing the Companys most recent fleet status report on October 31, 2022.
  • 90-day contract with Kistos in the Dutch North Sea for heavy duty harsh environment jackup VALARIS 123.
  • VALARIS 123 will utilize its selective catalytic reduction (SCR) system during the contract with Kistos to significantly reduce NOx emissions from the rig.
  • 195-day contract with ONE-Dyas in the Dutch North Sea for heavy duty harsh environment jackup VALARIS 123.

Perenco registers Award debt owed by Ecuador in Singapore and UK

Retrieved on: 
Friday, August 26, 2022
ICSID, High Court of Justice, Republic, International Centre, Government, Award, Settlement, International Centre for Settlement of Investment Disputes, State, Justice, LONDON, Committee, Freezing, High Court, Security (finance), Bank, Pharmaceutical industry, Perenco

LONDON, Aug. 26, 2022 /PRNewswire/ -- Perenco confirms that it has registered the Award owed to Perenco by the Republic of Ecuador in The General Division of The High Court of The Republic of Singapore.  The Award is also registered in The High Court of Justice in the UK.  This action, which is in keeping with Perenco's stated strategy of enforcing its payment rights in multiple jurisdictions, would allow for Ecuadorean accounts in these jurisdictions to be frozen and trading payments and receivables to be seized, in order to satisfy the outstanding Award debt. 

Key Points: 
  • Further step taken to enforce payment rights against Ecuador, which remains in full default on its US$412m debt to Perenco
    LONDON, Aug. 26, 2022 /PRNewswire/ -- Perenco confirms that it has registered the Award owed to Perenco by the Republic of Ecuador in The General Division of The High Court of The Republic of Singapore.
  • The Award is also registered in The High Court of Justice in the UK.
  • Perenco's further action arises from the continuing non-payment by Ecuador of a US$412m debt, the revised amount awarded to Perenco in May 2021 by the International Centre for Settlement of Investment Disputes ("ICSID") Committee.
  • By enhancing and developing local resources, Perenco supports the economic growth and human development in each of the 15 partner countries where it operates.

Perenco registers Award debt owed by Ecuador in Singapore and UK

Retrieved on: 
Friday, August 26, 2022
ICSID, High Court of Justice, Republic, International Centre, Government, Award, Settlement, International Centre for Settlement of Investment Disputes, State, Justice, LONDON, Committee, Freezing, High Court, Security (finance), Bank, Pharmaceutical industry, Perenco

LONDON, Aug. 26, 2022 /PRNewswire/ -- Perenco confirms that it has registered the Award owed to Perenco by the Republic of Ecuador in The General Division of The High Court of The Republic of Singapore.  The Award is also registered in The High Court of Justice in the UK.  This action, which is in keeping with Perenco's stated strategy of enforcing its payment rights in multiple jurisdictions, would allow for Ecuadorean accounts in these jurisdictions to be frozen and trading payments and receivables to be seized, in order to satisfy the outstanding Award debt. 

Key Points: 
  • Further step taken to enforce payment rights against Ecuador, which remains in full default on its US$412m debt to Perenco
    LONDON, Aug. 26, 2022 /PRNewswire/ -- Perenco confirms that it has registered the Award owed to Perenco by the Republic of Ecuador in The General Division of The High Court of The Republic of Singapore.
  • The Award is also registered in The High Court of Justice in the UK.
  • Perenco's further action arises from the continuing non-payment by Ecuador of a US$412m debt, the revised amount awarded to Perenco in May 2021 by the International Centre for Settlement of Investment Disputes ("ICSID") Committee.
  • By enhancing and developing local resources, Perenco supports the economic growth and human development in each of the 15 partner countries where it operates.

Perenco freezes all Luxembourg bank accounts associated with Ecuador sovereign bond coupon payments

Retrieved on: 
Monday, August 1, 2022
Group, International Centre for Settlement of Investment Disputes, CITES, State, Walter E. Washington Convention Center, Government, Risk, ICSID, International Centre, Settlement, Award, Freezing, Republic, Security (finance), Pharmaceutical industry, Perenco

LONDON, Aug. 1, 2022 /PRNewswire/ -- Perenco has today successfully frozen all Luxembourg bank accounts used by the Republic of Ecuador to make coupon payments in respect of its 2030, 2035 and 2040 sovereign bonds, raising the possibility of the country defaulting on its bond coupon payments and its obligations to bondholders and creditors.  

Key Points: 
  • LONDON, Aug. 1, 2022 /PRNewswire/ -- Perenco has today successfully frozen all Luxembourg bank accounts used by the Republic of Ecuador to make coupon payments in respect of its 2030, 2035 and 2040 sovereign bonds, raising the possibility of the country defaulting on its bond coupon payments and its obligations to bondholders and creditors.
  • The freezing of bank accounts in Luxembourg from which payments are made on Ecuador's bond coupons serves to highlight the risks the international investment community faces in any dealings with Ecuador, and sees the country put its own creditworthiness at risk.
  • Unless and until Ecuador fulfils its obligations under the Washington Convention and its express undertaking to pay Perenco in full, Perenco has been left with no choice but to take steps to enforce its payments rights against Ecuador in Luxembourg and other jurisdictions.
  • By enhancing and developing local resources, Perenco supports the economic growth and human development in each of the 15 partner countries where it operates.

Perenco freezes all Luxembourg bank accounts associated with Ecuador sovereign bond coupon payments

Retrieved on: 
Monday, August 1, 2022
Group, International Centre for Settlement of Investment Disputes, CITES, State, Walter E. Washington Convention Center, Government, Risk, ICSID, International Centre, Settlement, Award, Freezing, Republic, Security (finance), Pharmaceutical industry, Perenco

LONDON, Aug. 1, 2022 /PRNewswire/ -- Perenco has today successfully frozen all Luxembourg bank accounts used by the Republic of Ecuador to make coupon payments in respect of its 2030, 2035 and 2040 sovereign bonds, raising the possibility of the country defaulting on its bond coupon payments and its obligations to bondholders and creditors.  

Key Points: 
  • LONDON, Aug. 1, 2022 /PRNewswire/ -- Perenco has today successfully frozen all Luxembourg bank accounts used by the Republic of Ecuador to make coupon payments in respect of its 2030, 2035 and 2040 sovereign bonds, raising the possibility of the country defaulting on its bond coupon payments and its obligations to bondholders and creditors.
  • The freezing of bank accounts in Luxembourg from which payments are made on Ecuador's bond coupons serves to highlight the risks the international investment community faces in any dealings with Ecuador, and sees the country put its own creditworthiness at risk.
  • Unless and until Ecuador fulfils its obligations under the Washington Convention and its express undertaking to pay Perenco in full, Perenco has been left with no choice but to take steps to enforce its payments rights against Ecuador in Luxembourg and other jurisdictions.
  • By enhancing and developing local resources, Perenco supports the economic growth and human development in each of the 15 partner countries where it operates.

Golar LNG Limited preliminary fourth quarter and financial year 2021 results

Retrieved on: 
Thursday, February 24, 2022
RCF audio, Johann Cesar VI. Godeffroy, Income, Avenir, Movement, Network affiliate, Board, TTF, FLNG, Convertible bond, Investment, RCF, Hand, Administration, Vessel, Adjustment, Company, Sale, Share repurchase, Exercise, Perenco, TGT Oil and Gas Services, LIBOR, Brent Crude, VIE, Depreciation, GAAP, Cryptocurrency, Holding company, Security (finance), Bank, Golar Spirit, Q3, Q4, Appendix, NFE, Mount Gimie, Hilli

Total overproduction revenues for 2021 amount to $3.2 million and Golar received payment for this in Q1 2022.

Key Points: 
  • Total overproduction revenues for 2021 amount to $3.2 million and Golar received payment for this in Q1 2022.
  • Indicative proforma results of the shipping segment, as at December 31, 2021 without the 8 TFDE1 LNG carriers is outlined in Appendix B.
  • interest)
    (3) Based on values as of December 31, 2021 for NFE and Avenir and Golar 31% share of CoolCo at formation.
  • These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP.

VAALCO Announces Etame Acquisition Update: Other Joint Owners in Etame Have Not Exercised Their Pre-Emptive Rights to Acquire an Additional Interest in the Field

Retrieved on: 
Monday, December 21, 2020
Perenco, Vaalco Energy

As a result, VAALCO will now move forward with acquiring Sasols entire working interest in the field.

Key Points: 
  • As a result, VAALCO will now move forward with acquiring Sasols entire working interest in the field.
  • In regard to Block DE-8 offshore Gabon, the 60% operated participating interest owner, Perenco, has exercised its preferential rights.
  • Prior to the closing of the acquisition, VAALCOs working interest in Etame is 31.1% and its participating interest is 33.6%; Sasols working interest in Etame is 27.8% and its participating interest is 30%.
  • Sasols participating interest in DE-8 is 40% and its working interest is subject to government rights for a 20% carried interest and 10% back-in interest.