NYK Completes Acquisition of 25% Stake in EMAS CHIYODA Subsea

Source: www.gulfoilandgas.com 9/29/2016, Location: Asia

Singapore-listed Ezra Holdings Ltd. reported that Japan's Nippon Yusen Kabushiki Kaisha (NYK) has completed the transaction to acquire a 25 percent interest in EMAS CHIYODA Subsea (ECS) from the company and Chiyoda Corp.

Following the completion, Ezra and Chiyoda will hold 40 percent and 35 percent interests in the joint venture (JV), respectively. ECS is a global engineering, procurement, construction, installation and commissioning service provider that offers subsea-to-surface solutions throughout the lifecycle of oil and gas projects.

"This partnership signifies an important new phase of our business as NYK expands into the offshore oil and gas exploration and development. We are confident that the company's long-standing competence in oil and gas shipping will make a positive contribution to this partnership," Shogo Shibuya, president and CEO of Chiyoda said in the press release.

Ezra CEO and Managing Director Lionel Lee expected NYK's participation in this JV will enable ECS to "tap into the Japanese market and NYK's wealth of experience in vessel operations around the world. NYK’s investment is a strong testament to the core fundamentals and long-term prospects of our subsea business."


Brazil >>  2/10/2025 - BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3:BRAV3), pursuant to CVM Resolution No. 44, following the Notice to the Market disclosed on December 17, ...
Brazil >>  2/10/2025 - Petro-Victory Energy Corp. ("Petro-Victory" or the "Company"), pursuant to the press release dated December 17th, 2024, is pleased to announce the sig...

Colombia >>  2/10/2025 - Etablissements Maurel & Prom S.A. ("M&P", the “Group”) is pleased to announce it has entered into a definitive agreement with NG Energy International...
Colombia >>  2/10/2025 - NG Energy International Corp. ("NGE" or the "Company") is pleased to announce that further to its news release dated January 20, 2025, it has entered ...

Namibia >>  2/7/2025 - Custos Energy (Pty) Ltd. ("Custos" or the "Company") is pleased to announce the completion of the previously announced farm-in by Chevron Namibia Expl...
Poland >>  2/7/2025 - The sale of CEZ Group’s coal assets in Poland to ResInvest Group was completed yesterday, just under a year since the auction process began. The sale ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.