Singapore offshore and marine giant Sembcorp Marine will raise S$1.5 billion (US$1.1 billion) in funds from a rights issue to support the company’s operations. The rig builder has been struggling with rising costs and delays to projects being built at its yards.
05/03/2013By Rita Brown
UK-based oil and gas explorer Ophir Energy is asking shareholders for more than £550million to fund drilling projects in east Africa.
28/04/2010By David Telfer
FAROE Petroleum saw its annual pre-tax losses narrow yesterday.