Lamprell moves to delist while selling out to Thunderball
Lamprell has applied to the Financial Conduct Authority (FCA) to be suspended ahead of delisting.
Lamprell has applied to the Financial Conduct Authority (FCA) to be suspended ahead of delisting.
The delivery of Scotlandโs largest wind farm has supported a ยฃ1 billion boost to the Scottish economy, according to new figures published by developer SSE Renewables and PwC.
UAE-based fabrication firm Lamprell has signed a contract worth between ยฃ100m - ยฃ200m for the Moray West windfarm off Scotland.
BW Energyโs new offshore production facility has set sail for Gabon, on a heavy lift vessel. It is due to arrive by the end of September.
Lamprell (LON:LAM) says it will not be in a position to โtrade solventlyโ unless a proposed takeover successfully goes through.
Lamprellโs two suitors, Blofeld Investment Management and Al Gihaz Holding, have teamed up to make an offer for the company.
A potential offer may be in the offing for Lamprell, which announced recently it was seeking a buyer to help it solve its liquidity issues.
Lamprell (LON:LAM) faces โurgent and severe liquidity constraintsโ, the company has admitted, with an immediate need for $75 million, due in June and July this year.
Lamprell has successfully delivered the first jack-up drilling rig for International Maritime Industries (IMI).
Offshore wind sector suppliers have called on the industry to work together to secure opportunities for the domestic supply chain, and criticised projects for which work has already been sent abroad.
Lamprell has teased an upcoming contract for jack-up refurbishment in the Middle East without releasing many details.
Work for a trio of giant floating wind projects off the coast of Scotland have gone to the UAE fabricator Lamprell, sparking outcry.
โPut simply, a just transition is about moving to an environmentally sustainable economy (thatโs the โtransitionโ part) without leaving workers in polluting industries behind,โ says NGO Greenpeace
Lamprell has pushed back publishing its results as its board seeks alternative financing.
A union boss has slammed the decision to send fabrication work for a major Scottish offshore wind farm to the Middle East.
Lamprell has received a notice to proceed on the construction of several lift barges for Saudi Arabian marine contractor Baas Global Marine Services (BGMS).
Lamprell has indicated a โsignificant step upโ in its bidding pipeline as global opportunities in renewables continues to rise.
Manufacturers and developers including รrsted and Lamprell have signed a series of MoUs and supplier agreements, as both seek to guarantee capacity ahead of a wave of new offshore wind projects.
Concern has been raised over whether Scotland will truly reap the benefits of the huge ScotWind offshore wind auction, as overseas yards like Lamprell eye work.
Aquaterra Energy has won a $4.4 million contract to participate in the conversion of the Hibiscus Alpha jack-up rig, which will be located offshore Gabon.
Lamprell has signed up a debt facility and issued new capital, raising $45 million and $30.1mn respectively.
Lamprell has won a rig conversion contract from BW Energy for a project offshore Gabon.
Following the ScotWind leasing round closing on Friday 16 July, there is now great anticipation to see which applications to build Scotlandโs next generation of offshore wind farms are successful.
Lamprell has said it faces โsevere pressureโ as key projects in Saudi Arabia ramp up.
Lamprell has won an engineering, procurement, construction and installation (EPCI) contract from Saudi Aramco on the Marjan field.