Examples of Laguna Star in a sentence
In 2012, when the price of a barrel of oil had risen to over $125, the Constellation Group, along with much of the industry, experienced tremendous growth and incurred new debt obligations to expand its operations and investments, including the A/L/B Project Financings, which are discussed below and were used to finance the acquisition of the Amaralina Star, Laguna Star, and Brava Star drillships.
In 2008, Alperton, through its affiliate Delba Drilling B.V., entered into agreements with Petrobras Brasiliero S.A. (“Petrobras”) for the construction, charter and operation of two ultra-deepwater offshore drillships (which became the Amaralina Star and Laguna Star, the “Drillships”), for which Petrobras would pay approximately $1.7 billion over six years (the “Petrobras Agreements”).
Upon receipt, services or operating revenues will be deposited directly into an escrow account (conta vinculada) or any other applicable instrument with a Brazilian financial 20 For the avoidance of doubt, (i) the Amaralina and Laguna Star Facilities shall continue to be cross-collateralized vis a vis each other in the AL collateral (as they are today), and (ii) behind that, the Brava Star Facility to receive a subordinate silent 2nd lien in AL collateral.
On September 17, 2018, the Company announced that its UDW drillship Laguna Star was awarded a contract with Enauta for a campaign of one firm well up to 90 days, and two additional options for well interventions of 45 days each.
In 2019, the Company recognized US$ 687.9 million of non-cash impairment charges mainly related to Laguna Star, Gold Star, Lone Star, Alpha Star, Amaralina Star, Brava Star and Olinda Star, impairment reversal.
During 2018 the Company also recognized US$ 40.8 million of non-cash impairment charges mainly related to: (a) the two UDW units Brava Star and Laguna Star; and (b) the three onshore rigs QG-V, QG-VIII and QG-IX.
Upon receipt, services or operating revenues will be deposited directly into an escrow account (conta 16 For the avoidance of doubt, (i) the Amaralina and Laguna Star Facilities shall continue to be cross-collateralized vis a vis each other in the AL collateral (as they are today), and (ii) behind that, the Brava Star Facility to receive a subordinate silent 2nd lien in AL collateral.
The State Court held that Brava Star, Amaralina Star, Laguna Star, Alpha Star, Lone Star, Gold Star, Star International Drilling, Constellation Oil Services, and Con- stellation Overseas were subject to the jurisdiction of the RJ Court because they all had assets located in Brazilian territory.
The Company recorded non-cash losses of US$ 89.2 million due to an onerous contract provision related to Laguna Star, Gold Star, Lone Star, Alpha Star, Amaralina Star and Brava Star’ s contracts.
During 2018, the Company also recorded non-cash losses of: (a) US$ 18.7 million due to the onerous contract provision related to the contract between Brava Star and Shell Brasil; and (b) US$ 3.6 million due to the onerous contract provision related to the contract between Laguna Star and Enauta.