Transocean in $ bln oil rig deal with Shelf Drilling
Zurich - AFP
Swiss oil drilling giant Transocean said Monday it had signed a deal to sell 38 oil rigs to Shelf Drilling worth $1.05 billion (821.2 million euros). Shelf Drilling, whose headquarters are in Dubai, is expected to pay $855 million in cash and the remaining $195 million through seller financing when the deal goes through at the end of 2012. "This agreement marks an important milestone in our asset strategy to increase our focus on high-specification floaters and jackups, improving our long-term competitiveness," said Steven Newman, Transocean president and chief executive officer.
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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