MARKETS

Tamarind Resources buys ageing FPSO

THE COMPANY that left a major oil field offshore New Zealand to be decommissioned by the Crown after allowing its subsidiary to fall into liquidation, has bought another ageing asset, this time, in the Philippines.

Tamarind Resources buys ageing FPSO

Tamarind Resources' subsidiary Tamarind Taranaki operated the Tui oil field offshore New Zealand but went into administration and then liquidation last year, leaving the Umuroa FPSO connected to the...

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