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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![](https://www.projectcargojournal.com/wp-content/uploads/2019/07/Bourbon-Offshore-Bourbon-Offshore-128x128.png)
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 more![](https://www.projectcargojournal.com/wp-content/uploads/2019/07/Bourbon-Offshore-Bourbon-Offshore-128x128.png)
Bourbon 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 more![](https://www.projectcargojournal.com/wp-content/uploads/2019/07/Bourbon-Offshore-Bourbon-Offshore-128x128.png)
Total 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![](https://www.projectcargojournal.com/wp-content/uploads/2019/07/Bourbon-Offshore-Bourbon-Offshore-128x128.png)