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News Breaks | | | | March 12, 2013 | | 05:23 EDT |  | TLM | Talisman Energy announces $470M settlement on Yme project
Talisman Energy, on behalf of its joint venture partners, has reached an agreement with SBM Offshore to terminate the YME MOPUstor project, including scrapping the existing above-surface structure, and ending all joint activity for an agreed cost. Following an extended period of operational and execution delays, the decision has been taken to have Talisman remove the MOPU, or Mobile Offshore Production Unit, which will subsequently be scrapped by SBM Offshore, the unit's owner. Ownership of the in situ subsea structure will be transferred from SBM Offshore to the Yme license holders, as they assess alternative development concepts for the field. Subject to an upfront settlement payment of $470M made by SBM Offshore, Talisman will complete the work necessary to ensure safe re-manning and will then remove the MOPU from the Yme field. SBM Offshore will manage the transportation and ultimate scrapping of the facility. All parties will terminate the existing agreements and arbitration procedures with respect to the Yme project. | |
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News For TLM From The Last 14 Days Check below for free stories on TLM the last two weeks. |
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| June 18, 2013 | | 07:13 EDT |  | TLM | Talisman Energy explores sale of Eagle Ford assets, Reuters reports
 Subscribe for More Information | | | 06:01 EDT | | TLM | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 11, 2013 | | 10:03 EDT |  | TLM | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmerisourceBergen (ABC) upgraded to Outperform from Market Perform at Leerink... Arthur J. Gallagher (AJG) upgraded to Buy from Neutral at Goldman... Catamaran (CTRX) upgraded to Buy from Neutral at UBS... Disney (DIS) upgraded to Outperform from Neutral at Macquarie... Fly Leasing (FLY) upgraded to Buy from Neutral at Citigroup... Navistar (NAV) upgraded to Market Perform from Underperform... Questcor (QCOR) upgraded to Buy from Fair Value at CRT Capital... Talisman Energy (TLM) upgraded to Buy from Hold at Tudor Pickering... Synergetics (SURG) upgraded to Buy from Hold at Craig-Hallum... RBC Bearings (ROLL) upgraded to Outperform from Market Perform at Barrington. | | | 08:12 EDT | | TLM | Talisman Energy upgraded to Buy from Hold at Tudor Pickering
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