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.

Use quake-style powers to speed house-building: Collins
Staff reporters | Tue, 26 Jan 2021

More houses were built in the Canterbury region than any other part of the country in the last decade, thanks to quake-related powers.

Vaccines to curb F&P Healthcare sales
Dan Brunskill | Tue, 26 Jan 2021

Fisher & Paykel Healthcare's shares were up 10 percent last week but a Forsyth Barr analyst thinks demand is about to slow.

Housing market "defying logic" says Oceania
Jenny Ruth | Tue, 26 Jan 2021

Demand for units last week was "extraordinary."

How consumers can give local businesses a boost

Why this holiday is different for New Zealand SMEs.

What has Covid-19 changed for supply chains?

Covid-19 has helped businesses recognise Supply Chain as a critically important function within their organisation.