BW places Tui oil ship in liquidation

BW places Tui oil ship in liquidation
Gavin Evans
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...

More Infrastructure

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
Bridge collapse to cause traffic delays for US car exports
Infrastructure

Bridge collapse to cause traffic delays for US car exports

Industry was just starting to recover after covid pandemic. 

Bloomberg 28 Mar 2024
Councils need to get their mojo back: Anne Tolley
Infrastructure

Councils need to get their mojo back: Anne Tolley

She says local bodies need to take up the funding tools already available to them.

Oliver Lewis 28 Mar 2024
Steven Joyce to chair group looking at infrastructure agency
Infrastructure

Steven Joyce to chair group looking at infrastructure agency

The new National Infrastructure Agency will be up and running next year.

Oliver Lewis 26 Mar 2024