financetom
Business
financetom
/
Business
/
Valeura suspends production at Wassana field off Thailand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Valeura suspends production at Wassana field off Thailand
Jun 27, 2024 5:36 AM

June 27 (Reuters) - Valeura Energy Inc ( VLERF ) has

suspended production at its Wassana field, offshore Gulf of

Thailand, after a fault was discovered in one of the production

units, the Canada-based oil and gas company said on Thursday.

During scheduled underwater inspection, a crack was

discovered in one of the mobile offshore production unit which

"may potentially pose a risk to the structural integrity", the

company said.

Valuera is working with a team of internal and external

experts to define the optimal course of action.

The company holds an operated working interest in four

shallow water offshore licences in the Gulf of Thailand.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Standard Lithium Loses 4% as It Swings to a Fiscal 2024 Profit
Update: Standard Lithium Loses 4% as It Swings to a Fiscal 2024 Profit
Sep 25, 2024
11:33 AM EDT, 09/24/2024 (MT Newswires) -- Standard Lithium ( SLI ) reported Tuesday a swing to profit for the fiscal year ended June 30. The company reported a total comprehensive income of $149.2 million, compared with a year-prior loss of $42.0 million. Standard Lithium ( SLI ) reported a gain of $226.4 million from the consolidation of subsidiaries, compared...
H&M abandons 2024 earnings margin target, Q3 profit lags
H&M abandons 2024 earnings margin target, Q3 profit lags
Sep 25, 2024
STOCKHOLM (Reuters) -H&M, the world's second-largest listed fashion retailer, said on Thursday it no longer expected to reach its full-year earnings margin goal, while reporting a lower-than-expected operating profit for the June-August period. H&M has struggled to boost its profitability amid high inflation and stiff competition from its bigger Spanish rival Zara, owned by Inditex, and the rapid growth of...
U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9 billion buyout
U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9 billion buyout
Sep 25, 2024
(Reuters) -U.S. Steel said on Wednesday an arbitration board had ruled in favor of Nippon Steel's $14.9 billion buyout of the company, but that the United Steelworkers union disagreed with the decision. The board, jointly selected by the company and the union to settle disputes, ruled that U.S. Steel had satisfied each of the conditions of the successorship clause in...
U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9 bln buyout
U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9 bln buyout
Sep 25, 2024
Sept 25 (Reuters) - U.S. Steel said on Wednesday an arbitration board had ruled in favor of Nippon Steel's ( NISTF ) $14.9 billion buyout of the company, but that the United Steelworkers union disagreed with the decision. The board, jointly selected by the company and the union to settle disputes, ruled that U.S. Steel had satisfied each of the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved