Latest news with #BWGroup
Associated Press
22-05-2025
- Business
- Associated Press
HAFNIA LIMITED: Ex Dividend USD 0.1015 on the Oslo Stock Exchange Today
SINGAPORE--(BUSINESS WIRE)--May 22, 2025-- Reference is made to the stock exchange announcements made by Hafnia Limited ('Hafnia' or the 'Company', OSE ticker code: 'HAFNI', NYSE ticker code: 'HAFN') on May 15, 2025 regarding key information relating to the dividend for the first quarter 2025. The shares of the Company will be traded ex-dividend on the Oslo Stock Exchange from today, May 22, 2025, and on the New York Stock Exchange from May 23, 2025. About Hafnia Limited: Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies. As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea. Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years. This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. View source version on CONTACT: For further information, please contact: Mikael Skov CEO Hafnia Limited +65 8533 8900 KEYWORD: ASIA PACIFIC EUROPE NORWAY SINGAPORE SOUTHEAST ASIA INDUSTRY KEYWORD: UTILITIES OIL/GAS ENERGY CHEMICALS/PLASTICS MARITIME LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT MANUFACTURING SOURCE: Hafnia Limited Copyright Business Wire 2025. PUB: 05/22/2025 01:10 AM/DISC: 05/22/2025 01:09 AM
Business Upturn
20-05-2025
- Business
- Business Upturn
Ganesh Benzoplast issues clarification on JNPT LPG terminal project after BW, CPIL exit
By Aditya Bhagchandani Published on May 20, 2025, 13:43 IST Ganesh Benzoplast Limited (GBL), one of India's leading independent liquid storage tank operators, has issued an official statement addressing recent developments surrounding its LPG terminal project at JNPT, Mumbai. This clarification comes after its joint venture partners, BW Group and Confidence Petroleum India Limited (CPIL), announced their decision to withdraw from the proposed project. In a regulatory filing dated May 20, the company stated that the exit by BW Group and CPIL was attributed to 'global economic uncertainties and the increased uncertainty around the situation with tariffs and trade.' GBL, however, reassured stakeholders that discussions are underway with both exiting parties to decide on the next steps. Despite the setback, the company emphasized its continued 100% ownership of the leasehold rights for the JNPT land parcel and described it as a strategic asset due to its location and versatile potential for development. 'The Company already has several options for profitable business prospects for implementation on the JNPT Land,' the statement said, highlighting the possibility of developing facilities for LPG and other liquid cargo like Carbon Black Feed Stock, Base Oils, and chemicals such as Styrene and Phenol. Chairman and Managing Director Rishi Pilani commented, 'GBL is uniquely placed due to its expertise in the storage business and managing terminal operations. The JNPT Land offers unique opportunities for the Company's future growth… the Company will take the best decision which maximises profitability and is in the best interest of stakeholders.' The company said it will continue to keep stakeholders informed on developments related to the project. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
16-05-2025
- Business
- Yahoo
HAFNIA LIMITED: Correction of Fleet Value Presentation for the First Quarter 2025
SINGAPORE, May 16, 2025--(BUSINESS WIRE)--Reference is made to the stock exchange announcement regarding financial information for Q1 2025 issued by Hafnia Limited ("Hafnia", "we", the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") on 15 May 2025. Hafnia has become aware of an inconsistency in the presentation of the broker valuations of the fleet on Page 6 of its Q1 2025 Earnings Report, where we included the full 100% of the joint venture vessels instead of the stated 50%. This does not impact any of the Company's financials, such as net profit, EBITDA, net asset value, net loan-to-value nor dividend. Please find attached the updated Q1 Earnings Report. The updated report is also available on our website. About Hafnia Limited: Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies. As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea. Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years. View source version on Contacts For further information, please contact:Mikael SkovCEO Hafnia Limited+65 8533 8900 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
BW Energy makes FID on the Maromba field offshore Brazil
BW Energy has announced the final investment decision (FID) for the Maromba field development offshore Brazil, aiming to tap into an estimated 500 million barrels (mbbl) of oil. The project, with a capex-efficient approach, is expected to significantly boost BW Energy's net production by 2028. The Maromba field development will feature an integrated drilling and wellhead platform (WHP) and a refurbished floating production storage and offloading (FPSO) unit, BW Maromba. The initial phase involves six production wells, with a second drilling campaign planned to maximise field infrastructure. The total investment is projected to be around $1.5bn, with $1.2bn allocated for the initial development and an additional $300m for the secondary drilling campaign. BW Energy CEO Carl K. Arnet said: 'We have spent time on optimising the Maromba development plan and concluded on a highly competitive concept with a repurposed jack-up platform and FPSO, repeating the approach we very successfully applied in Gabon. 'Maromba will enable BW Energy to deliver industry-leading organic production growth and position the company for further low-cost developments of known potential developments. We expect to unlock significant shareholder value in all realistic oil price scenarios.' The WHP, a converted drilling jack-up, will be installed at a depth of approximately 150m and equipped with up to 16 well slots. The FPSO Maromba, with a storage capacity of 1mbbl, is currently undergoing refurbishment at the COSCO yard in China. BW Energy has committed $107.5m to acquire a jack-up rig for conversion into the WHP. BW Energy anticipates investing $1bn before first oil, with an additional $200m for the initial drilling campaign, followed by $300m for the secondary six-well campaign. The company expects the Maromba field to achieve production costs of less than $10 per barrel (bbl) over the first five years, with an internal rate of return exceeding 30% at $60/bbl Brent crude. Financing for the development will come from existing cash, undrawn facilities, operations cash flow and infrastructure financing solutions for the FPSO and WHP. BW Energy is also exploring various financing alternatives including corporate facilities and potential bond issuance. A $250m shareholder loan facility from main shareholder BW Group has been secured. Maromba, located in the Campos Basin, has seen nine wells drilled between 1980 and 2006, with oil discoveries in eight. The project targets 123 million barrels of 2P (proved plus probable) reserves, with additional resources expected from other reservoirs.
