Otto Marine repays debt, winding up application to be withdrawn (Scandinavian Oil-Gas Magazine)

Skip Navigation

News
Financial
Oil
Gas
Rigs
- Rig supplier news
- Rig market
Alternative Energy
- Biofuels
- Wind
- Water
- Solar
By Province
- North Sea Rim
- Russia
- Africa
- Americas onshore
  - Latin America
  - Canada
  - USA
- Americas offshore
- Middle East
- Asia-Pacific
- Australia
Events
Printed Magazine
- Subscription
Mediaplan
Members page
- E-mail Alert

Otto Marine repays debt, winding up application to be withdrawn

Published Apr 29, 2015

E-mail

[an error occurred while processing this directive]

Edit page New page Hide edit links

Singapore-listed Otto Marine Limited has filed a winding up application with the Singapore High Court to wind up the Company for an unpaid debt (Debt).

The Company wishes to announce that the Company has fully paid up the Debt of $200,000 and €900,000 to the Creditor, and the Creditor has undertaken to withdraw the Application.

The Company has taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate in all material aspects as at the date hereof and that no material facts have been omitted from this announcement.

The event is not expected to have a material impact on the financials of the Company for the financial year ending Dec. 31.

Tags: Otto Marine Limited

Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font

Top Stories

New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.

Rystad Energy - Borr Drilling takes charge of the jackup market

Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.

Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.

Southwest Research Institute (SwRI) - IMSF2

SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS²), to be held April 25-26, 2018, at SwRI’s headquarters...