BW places Tui oil ship in liquidation

Gavin Evans
Fri, 23 Oct 2020

Gavin Evans
Fri, 23 Oct 2020
The government’s bill for decommissioning the Tui oil field looks set to get bigger after BW Offshore placed the field’s floating processing ship in liquidation.BDO has been appointed provisional liquidators of BW Umuroa Pte., the Singapore-based owner and operator of the vessel that has been moored at the field for almost a year after former operator Tamarind Resources ran out of cash.Oslo-listed BW said the ongoing losses were unsustainable and liquidation was the only option in the absence of any agreement by the Ministry of Busi...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

NZ shares decline as A2 Milk pulls back
Dan Brunskill | Mon, 21 Jun 2021

A2 Milk and Pushpay gave back much of the gains they won when the S&P and FTSE Russell indices were rebalanced on Friday.

Law & Regulation
David Henry entities given liquidation lifeline
Chris Holden | Mon, 21 Jun 2021

Businessman David Henry's lawyer says it is 'more likely than not' agreement with a party with name suppression will be reached, ensuring payment to creditors.

Law & Regulation
Van Heeren's high life a 'travesty' - Kidd's estate wants more
Victoria Young | Mon, 21 Jun 2021

High Court values partnership at US$50 million in long-awaited ruling.

Centuria provides new opportunities for industrial property investors

Centuria Capital is embarking on its second capital raising since merging with Augusta Capital in 2020.

Innovating kiwi food production to sustain global communities

New Zealand farmers have the opportunity to contribute to sustainably feeding global communities while producing fewer carbon emissions.