Subscribe to RSS feedSecurity set in FPSO case
FEDERAL Court judge Donnell Ryan has ordered BW Offshore to provide a security of $550,000 by November 13 in its case against four energy firms over a floating production storage and offloading (FPSO) vessel deal.
Proceedings began in February, with Norway’s BW claiming Basker Manta Gummy (BMG) project partners – Roc Oil subsidiary Anzon Australia, Beach Petroleum, CIECO Exploration & Production Australia and Sojitz Energy Australia – had reneged on a letter of intent to...
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