W&T Offshore Appoints Parasnis as EVP and CFO
on several notable domestic and international deals in the oil and gas industry, including initial public offerings, debt high-yield offerings and spinoffs. Parasnis began his career as a chemical engineer at Reliance Industries Ltd. in 1996 and subsequently transitioned to finance with Citigroup, following his MBA.“We are excited to welcome Sameer to W&T’s senior leadership team,” Tracy Krohn commented. “Sameer has served as a trusted financial advisor to W&T over the years on key strategic initiatives of the Company, including our drilling joint venture
Eagle Bulk Names Tsoutsoplides Chief Strategy Officer
growth capital and optimize the balance sheet.” Tsoutsoplides joined Eagle in 2010 and has held roles of increasing responsibility, most recently serving as senior director, strategy and business development. Prior to his entry into shipping, Tsoutsoplides spent a total of eight years at Citigroup, in both foreign exchange corporate sales and high yield debt sales.Tsoutsoplides holds an M.B.A. in Finance from New York University’s Stern School of Business, a B.A. in Economics from Boston University, and is a CFA charterholder
Corpus Christi Gearing Up to Handle US Shale Export Boom
imports only recently have revamped operations to handle exports including accepting larger tankers preferred by China and other oil buyers.The Port of Corpus Christi Commission is voting on a plan that would authorize it to raise the debt next month through underwriters led by Wells Fargo & Co, Citigroup Inc and JPMorgan Chase & Co.The port is prepared to levy new user fees for the debt costs if the U.S. government does not reimburse it for spending the money to deepen and widen port facilities to accept larger ships, according to a port official. A decision to raise fees for dredging, which
ST Engineering Appoints Seng as Director
Director of the Company with effect from 15 May 2015. Mr Lim, 56, is currently the Country Head, DBS Singapore and Chairman of DBS Vickers Securities Holdings Pte Ltd. He was a senior banker for 26 years with Citibank before joining DBS in 2010 as Country Head, DBS Singapore. With Citigroup/Citibank, Mr Lim served Citigroup in various senior appointments in Kuala Lumpur, Tokyo, New York, Saudi Arabia, Singapore and Hong Kong. He was a Japanese Government Monbusho scholar and graduated with a Bachelor’s in Business Administration from Yokohama National University, Japan.
DP World Raises $1B
premium. However, a number of European corporates have issued convertibles in the last two weeks, including French telecoms firm Alcatel-Lucent, Swiss duty free group Dufry , and French oil and gas group Maurel & Prom. JP Morgan acted as global coordinator for DP World's convertible sale and Citigroup, HSBC and UBS were classed as joint bookrunners. The company can buy back the bonds after three years, should the DP World share price be 30 percent above the value of the reference share price or if more than 85 percent of the bonds have been converted by investors. Investors can have the company
