Shell to write off 20 billion dollars in assets, plans major reorganization
Oil & GasRoyal Dutch Shell is preparing a major reorganization in response to the new oil crisis, which sees the company write off at least 20 billion dollars in assets in the previous quarter. “We will likely...Read more
Banks take control of Bourbon
RestructuringA group of banks will take control of Bourbon’s assets effective January 2nd, 2020. With that decision from the Marseilles Commercial Court, Bourbon’s six-month-long reorganization process has come to an end. Bourbon had received at least...Read moreBourbon receives four takeover offers, extends deadline
Oil&GasBourbon Corporation has received four takeover offers since the holding company suspended its listing and started a reorganization procedure to deal with its severe financial problems. The Commercial Court in France has now extended the...Read moreTotal awards Bourbon logistics contract in Namibia
Oil&GasTotal E&P Namibia has selected Bourbon Marine & Logistics to support a deep offshore exploration campaign in South Namibia in 2020. The contract is a welcome addition for the financially struggling company which recently suspended...Read more