23/05/2016at 14:11

BW Offshore raises USD 500 million in new liquidity

BW Offshore has signed a deal which secures USD 500 million in liquidity throughout 2020. The plan also entails a suspension of dividends.

BY NIKLAS KRIGSLUND

BW Offshore has negotiated a deal to help the Oslo-listed offshore company through the oil industry crisis, informs the company in relation to the release of the first quarter interim report 2016.

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BW LPG bags USD 60 million Q1 profit
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BW LPG: We should not be too optimistic right now
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BW Offshore heralds additional layoffs
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