VAALCO Energy has now completed the previously announced acquisition of Sasol’s 27.8% working interest in the Etame Marin block offshore Gabon, increasing the Company’s total working interest to 58.8%.
Banks coming together for new umbrella entity for retail payments
February 26, 2021
HDFC, Kotak Mahidra pick up stake in Ferbine
Two leading private sector lenders HDFC Bank and Kotak Mahindra Bank seem to be readying plans for a new pan-India umbrella entity (PUE) licence for retail payments.
HDFC Bank late on Thursday night said it has executed an agreement for subscribing to 4,995 equity shares of the face value of ₹10 each fully paid up issued by Ferbine Private Limited for a consideration of ₹10 per equity share.
“Post investment, bank will hold 9.99 per cent of the equity shareholding of Ferbine,” it said in a regulatory filing. The acquisition for cash consideration of ₹49,950 will be completed by February end, HDFC Bank said.
Australia: Solstad Offshore announces contract awards in Australia
26 Feb 2021
AHTS
Normand Ranger has been awarded a contract in Australia for commencement in 2Q 2021. The vessel will mobilise from Norway and will then provide support to a major drilling campaign offshore North Western Australia, securing about 1 year of utilization for the vessel.
During the drilling campaign, that also includes support from the Solstad
AHTSs
Normand Saracen and
Far Senator, the Normand Ranger will operate in connection with a moored semi-submersible drilling rig, with the base port being Dampier.
In addition, the
PSV
Far Seeker, has been awarded a contract by Santos. The vessel will support drilling activities offshore Timor Leste, operating predominantly from Darwin. The firm contractual period is approximately 6 months, with further options available to Santos, and is scheduled for commencement in April 2021.