According to foreign media reports, BW Group subsidiary LPG BW recently announced to abandon the acquisition of competitors LPG Dorian 10% stake. LPG BW said the company after careful consideration, decided not to perform at a price of $6000000, from the Euroholdings Dorian 10% stake in the acquisition of LPG BW.

It is understood that the BW BW Euroholdings group Scorpio in the end of 7 from the price of $92000000 to buy Dorian shares, the price of $15.34 per share. However, after that LPG Dorian shares continued to fall, the company's share price has fallen to $12.43 per share.

Securities Arctic analyst said, in view of the current price of LPG BW is lower than the original purchase price of Euroholdings BW, Dorian's decision to make is a natural decision. However, the analyst also pointed out that the possibility of the future acquisition of LPG BW Dorian shares.

It is understood, LPG BW announced the same day in the two quarter results, the company in the second quarter net profit of $80700000, an increase of 11%. The company announced that the 155400000 quarter of the total revenue reached $two, an increase of 9.9%. The company said the future will continue to maintain the current strength of the ship utilization, continue to improve the rental income, and expand the size of the fleet.

On the evening of August 26, Mexico consortium in Shanghai held a celebration, celebration in Gulf of Mexico world first gas compression self elevating platform "Agosto of 12" formal operation. Which is a major contributor to the platform construction project contractor -- Yantai CIMC offshore Co. Ltd.

The project cost $2.3 billion, by CIMC Raffles lasted 2 years time to complete, after the platform runs day compression over 2 billion cubic feet of gas. This is the first time in the field of energy in Mexico directly with Chinese enterprises, but also one of the fruits of Mexico energy reform.

In recent years, the Mexico government's efforts to promote energy reform has broken the monopoly of Mexico's national oil company, which makes it possible for private enterprises to participate in oil exploration and exploitation through public bidding. In August 2013, 4 Mexico companies, including TRESE, were jointly awarded the 500000000 years of the Bay (Cantarell) field in the Gulf of Mexico, with more than $8, and received investment from Malaysia Contracts Coastal.

At the same time, the new "foreign investment law", which is involved in the reform of Mexico energy, also abolished the existing restrictive provisions on foreign investment in the oil and gas sector. And the past through Malaysia or Singapore companies to contract to Chinese enterprises, the construction of the Agosto 12 platform is the first time TRESE company directly to the Chinese enterprises.

Why is contracted to CIMC

"Many countries believe that the quality of China's production is not good, it is wrong." Mexico TRESE CEO Silva (Ricardo A. Silva told the "First Financial Daily" reporter, they and Malaysia coastal whereby companies according to the internal assessment, final choice in China Yantai CIMC Raffles. The main reasons are the three points.

First, in quality and production in the process of being attentive to details of the evaluation, as China's marine engineering equipment industry leading enterprises, CIMC Raffles can provide high quality and safety products.

Second, China has obvious advantages in price competition. According to Silva said, "compared to the shipyards and other Asian countries, the price of CIMC 10% cheaper to 15%, compared with those in the United States, cheap more than 25%";

Third, Chinese enterprises in the financial and financial aspects of a certain support. CIMC raffles, vice president of Liu Yanjia on the "First Financial Daily" said that CIMC allowed Mexican companies to pay part of the deposit, and then completed and then pay the complete models.

Don't expect to be profitable in the short term.

As our country of deepwater semi submersible drilling platform batch package have the ability to build marine engineering equipment companies, CIMC Raffles has delivered 6 a deepwater semi submersible drilling platform.

Liu Yanjia said the company and Brazil, the United States, Norway and other countries have cooperation, and this is the first time to get the Mexico energy company's orders for the first time. As oil prices continued to decline, shrinking orders at least half CIMC raffles. This $230000000 from Mexico contributed 20% of the total output value of the year, and to create about 1000 jobs in the local.

Silva believes that in the global oil prices and other economic crisis, there must be a dangerous and organic. For Chinese enterprises, the Mexico energy field gradually open to foreign investment policy is one of the opportunities. In addition, due to the special geographical location, Mexico is also the Chinese enterprises to enter the north and South American market springboard. Of course, due to the policy of Mexico is still in the adjustment and improvement, it is inevitable that there will be a number of factors affecting the interests of the parties.

In addition, Silva suggested, the rate of investment in Mexico to find a reliable local partner. "Don't trust anyone or a company that will help you solve all the problems. In the process of investment, always will continue to encounter risks and therefore need to constantly adjust and control." He also said that the newspaper, now expect the 2 to 3 years to recover the cost of investment opportunities are not many, the Chinese investors to do a good job in the long-term investment."