Gulf Oil and Gas accountACCOUNT

Lamprell Provides Update on IMI Joint Venture

Source: www.gulfoilandgas.com 11/12/2020, Location: Middle East

Further to the recent discussions with IMI regarding deferral of Lamprell's equity contribution to the Saudi maritime yard joint venture to H2 2021, Lamprell is pleased to announce that it has agreed to satisfy its contribution of USD 26 million to IMI in the first half of November 2020, earlier than anticipated.

The decision follows a review of the Group's near term cash flow and improved project working capital position on the two IMI jack up rigs. Our guidance on year-end net cash remains unchanged, at similar levels as at 30 June 2020.

Financials and Investment News in Saudi Arabia >>

Canada >>  1/22/2021 - Notification of Transactions in the Company's Shares by Director and Persons Discharging Managerial Responsibility ...
Russia >>  1/22/2021 - PetroNeft (PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Lice...

United Kingdom >>  1/22/2021 - Pharos Energy plc (PHAR.L), the Asia-MENA focussed independent oil and gas exploration and production company, is pleased to announce the successful c...
Bermuda >>  1/21/2021 - Borr Drilling Limited announces that in connection with Company’s previously announced liquidity improvement plan, the Company intends to offer up to ...

United States >>  1/21/2021 - Canadian Overseas Petroleum Limited, an international oil and gas exploration and development company, announces that:

- The Company has s...

United States >>  1/21/2021 - NGL Energy Partners LP, through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., announced that they intend to off...




Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.