Aban Offshore News

Companies

Aban Offshore hires Deloitte to draw up a debt resolution plan

Deloitte, while formulating the debt resolution plan, will take into consideration the one-time settlement that Aban Offshore has offered to its lenders

2 min read25 Sep 2018
Market

Opening bell: Asian markets open higher; Aban Offshore, Reliance Jio in news

In other news, Tata Housing, Lodha Group bid for Jaypee Infratech

1 min read8 Jan 2018
Companies

Aban Offshore promoters offer $600 million one-time settlement to lenders

Aban Offshore, among the 28 companies in RBI's second defaulter list sent to the NCLT, collectively owes nearly $2 billion to these 17 banks

2 min read8 Jan 2018
Companies

Aban Offshore seeks to extend repayment of bonds maturing in December

The firm is facing challenges under prevailing market conditions to raise fresh equity and debt, plug revenue backlogs, bag new contracts, and refinance the payment of bonds

1 min read23 Oct 2015
Market

ONGC up 6% led by rising international crude prices

Cairn India gained 7.8% to Rs150.50, Gail India rose 3.9% to Rs291.85 and Oil India jumped 3.1% to Rs469.70

1 min read28 Aug 2015
Market

Aban Offshore’s prospects skid on low oil prices

Falling oil prices, slowdown in major economies in Europe and China have raised concerns on utilization rates and per day hire charges of drilling rigs

2 min read24 Mar 2015
Companies

Aban Offshore receives orders from ONGC

Aban has received two orders from ONGC worth $182.66 million for deployment of two offshore drilling rigs

1 min read10 Oct 2014
Companies

Aban Offshore shares surge on hopes of higher rig rates

The firm's shares up 9.8% at `940, their highest level since 14 May 2010

1 min read8 Jul 2014
Companies

Aban Offshore may launch up to Rs900 crore share sale on Friday

Axis Capital is the lead manager to the Aban issue, according to sources

1 min read27 Jun 2014
Market

Iran agreement fallout: Aban’s stock sizzles

Aban's stock has been sizzling since it posted a strong operating performance in Sep quarter

1 min read25 Nov 2013
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