Hints and tips:
Related Special Reports
...China International Capital Corporation says south-east Asia has only seen the “tip of the iceberg” of Chinese companies wanting to explore opportunities in the region, as the state-backed investment bank...
...Transparency International also pointed to “obvious non-compliant filings”, referring to companies with opaque ownership structures that had been listed as beneficial owners on the register....
...Forty-one Upper Grosvenor Street has been empty for a large part of that, drawing the ire of homelessness campaigners lamenting largely absentee foreign owners hidden behind offshore companies....
...On international bond markets, Chinese companies, banks and government borrowers have issued $26bn this year, slightly above last year’s $24bn but otherwise the lowest level since 2016....
...Companies wishing to explore for minerals in international waters must apply to the ISA with the backing of a member state. Not ratifying Unclos means the US cannot sponsor licences....
...Yesterday, Exxon filed a case in the International Chamber of Commerce in Paris to assert its right of first refusal over Hess’s stake in the so-called Stabroek Project....
...Offshore creditors remain typically subordinated to onshore stakeholders, lawyers say....
...Now the procurement department has to step in creating contracts, negotiating with international developers or utilities. Those require some new skills from local companies....
...Japanese company Sumitomo, for example, is building a £350mn factory in Nigg, northern Scotland, to manufacture high-voltage subsea cables to tap into the growing demand from the offshore wind sector....
...The midsized Portuguese oil company — now worth $15bn — has a good problem. It has discovered billions of barrels of oil offshore of Namibia. That is a lot....
...The company has hired restructuring advisers ahead of likely negotiations with offshore creditors, to whom total debt is about $13bn, according to Bloomberg....
...The company’s international bonds have lost almost all of their value....
...This episode mirrors the broader challenges facing the offshore operations of Chinese banks....
...Among the largest approved projects include Abu Dhabi National Oil Company’s Hail and Ghasha gasfield and ExxonMobil’s Yellowtail offshore development in Guyana....
...The green light, however, comes as China’s economic momentum has slowed and financial activity has declined, with offshore equity issuance falling to its lowest level since 2003....
...The island’s duty-free market has also caught the attention of western companies....
...Revenue at company-focused Trainline Partner Solutions was up 23 per cent. Meanwhile, international consumer revenue climbed 17 per cent....
...“If there are international investors, Eddie seems to lead those relationships.”...
...A previous deal between Evergrande and international investors fell apart in September after Chinese authorities failed to grant some regulatory approvals....
...But that began to drop off from the late 1980s amid a manufacturing exodus that saw many companies — in fashion as well as other industries — offshore production to competitively priced countries such as...
...“Since then, we’ve commercialised that offshore service. It’s something many companies are buying from us now.”...
...Any company in our position would do the same thing.”...
...A raft of competing international and domestic claims on Evergrande assets bedevils the restructuring of a company with more than $300bn in liabilities....
...In February, the company outlined to investors its plans for ambitious new offshore oil projects from Shetland to Newfoundland to Brazil....
...Jean Paul Prates told the Financial Times that Latin America’s largest oil and gas company is considering a fresh wave of international expansion in Europe, west Africa and the Americas as part of a strategy...
International Edition