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Month: February 2022

FAR receives off-market takeover offer

February 4, 2022
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FAR Limited has received an off-market takeover offer from Samuel Terry Asset Management, a boutique investment management company based in Sydney, for A$0.45 cash per share. The Bidder currently has a relevant interest of approx. 4.9% in FAR through the holding of Samuel Terry Asset Management as trustee for Samuel Terry Absolute Return Fund. In making the Offer, Bidder is seeking to increase its interest in FAR to at least

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PGS awarded 4D contract in GoM

February 4, 2022
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PGS has been awarded a 4D contract in the Gulf of Mexico. A Ramform Titan-class vessel is scheduled to commence acquisition late February and complete late March. 'We are very pleased with this 4D contract award in the US Gulf of Mexico, which historically has been a MultiClient market . With our Ramform acquisition platform and superior multi-sensor GeoStreamer technology we will provide the client with high-quality 4D seismic data,' says President & CEO in PGS, Rune

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Saipem struggles with losses going into 2022

February 4, 2022
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Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off. Saipem has struggled to regain traction after global lockdowns caused by COVID-19 throttled demand for oil and gas, prompting oil majors to

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Odfjell Drilling looks at company split

February 4, 2022
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Odfjell Drilling Ltd. is contemplating spinning off its Well Services and Energy segments into a newly established company, Odfjell Technology Ltd., and to list the shares in OTL on the Oslo Stock Exchange. The Spin Off enables all parts of the business to think beyond their existing core activities, capabilities, markets, and competitive environment to evolve and strengthen

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