Norwegian private-sector workers across a range of sectors reached a wage deal with employers on Sunday, averting major strike action, the country's largest labour union said.
By Reuters Staff
2 Min Read
KUALA LUMPUR, March 30 (Reuters) - Malaysia’s largest oil and gas services provider Sapura Energy on Tuesday said it has refinanced 10.3 billion ringgit ($2.48 billion) of its debt for a period of seven years.
The company said the refinancing includes an $820 million term loan facility to be offered by banks in U.S. dollars and Malaysian ringgit, and the issuance of unrated sukuk murabahah for the remaining amount.
“The refinancing exercise and previously announced 1.2 billion ringgit working capital provides us timely financial headroom in a recovering energy market,” Sapura Chief Executive Officer Mohd Anuar Taib said in a statement.
By Reuters Staff
1 Min Read
(Reuters) - Canada’s Secure Energy Services Inc said on Tuesday it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country’s oil sector.
The deal, which will value the combined company at around C$2.3 billion, comes as oil and gas companies seek to benefit from a recent run-up in crude oil prices while keeping a tight leash on costs.
Secure, which operates a network of crude processing and storage plants, oil and water pipeline and crude-by-rail terminals, said it will pay 1.2757 of its shares for each Tervita share held.
By Reuters Staff
1 Min Read
(Reuters) - Canada’s Secure Energy Services Inc said on Tuesday it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country’s oil sector.
The deal, which will value the combined company at around C$2.3 billion, comes as oil and gas companies seek to benefit from a recent run-up in crude oil prices while keeping a tight leash on costs.
Secure, which operates a network of crude processing and storage plants, oil and water pipeline and crude-by-rail terminals, said it will pay 1.2757 of its shares for each Tervita share held.
By Reuters Staff
(Corrects 2020 number in 2nd para to 179.3 bln from 185.4 bln)
OSLO, Feb 17 (Reuters) - Oil and gas firms in Norway have raised their investment budgets for 2021 in recent months, but still plan to spend less than last year and also expect a decline in 2022, an industry survey by the national statistics office (SSB) showed on Wednesday.
Investment in the country’s main economic sector is now projected at 173.6 billion Norwegian crowns ($20.5 billion) this year, up from a forecast of 166.3 billion crowns in November, lagging last year’s 179.3 billion, SSB said.
For 2022, the survey’s initial forecast of 138 billion crowns was 8.9% lower than the similar predictions for 2021 a year ago, SSB said.