Global Offshore denies Bourbon link

Global Offshore, an India-based provider of offshore support vessels for the oil and gas industry, has denied being in takeover talks with France’s shipowner Bourbon Offshore.

In response to media writings that Bourbon is expected to launch an offer for a 50.1% stake in Global Offshore, the Indian company said that :“No negotiations are taking place between the Promoter / Company and Bourbon to acquire shares of the Company.”

Global Offshore shares jumped yesterday after an article titled: France’s Bourbon set to acquire Global Offshore” was published in Hindu Business Line.

However, Global Offshore added that it was not aware of any information that has not been announced to the Bombay Stock Exchange, which could explain the movement of the trading price of its shares.

Global Offshore’s vessels, supporting offshore oil and gas operations, operate around the globe. Global Offshore Services currently has Platform Supply Vessels deployed in India, the North Sea, Brazil and West Africa.

 

Offshore Energy Today Staff, July 03, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply