PPL Shipyard, a subsidiary of SembCorp Marine has signed a rig building contract worth US$121 million with Wilsuperior Ltd, a subsidiary of Awilco Offshore ASA (AWIL) for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack Up Rig. The Construction Contract is an option that PPL Shipyard granted to Awilco Offshore ASA in May 2004 and which the later has now decided to exercise. The contract takes effect in June 2005. Construction of the jack-up rig is expected to commence in third quarter of 2005 with delivery scheduled in the second quarter of 2007. The Baker Marine Pacific Class (.BMC Pacific.) 375 Deep Drilling Offshore Jack- Up Rig is a proprietary designed developed and owned by Baker Marine Pte Ltd, a wholly owned subsidiary of PPL Shipyard. The jack-up rig, to be named Wilsuperior, will be equipped with a drilling package that will enable it to drill high pressure and high temperature wells at 30,000 feet whilst operating in 375 feet of water. It has accommodation for 120 men. Mr T. K. Ong, Managing Director of PPL Shipyard said .We are pleased that Awilco Offshore ASA has decided to exercise the option to build the second jack- up rig with us. Our confidence that more Baker Marine Pacific 375 Class jack-ups will be built is proving to be spot on. This is the sixth jack-up rig on order within a
Bisso Marine, provider of energy and maritime support services, announced the addition of John C. Baker as director of Quality and Compliance. Baker directs and manages the company’s ISO 9001:2008 Quality Management System and AWO RCP Safety Management System, including procedural development and auditing for compliance. Before joining BISSO MARINE, Baker served as manager of Corporate Quality and Compliance for Kirby Corporation
Elliott Bay Design Group is pleased to announce that Gwen Baker has joined the staff as a Marine Designer. Gwen is a recent graduate of the Marine Institute at Memorial University in New Foundland, where she received her Diploma of Technology in Naval Architecture. For her first project, Gwen will be preparing 3-D composite modeling for the 260 ft. offshore supply vessel that the firm has been working on for Hornbeck Offshore Services.
Baker Hughes Incorporated today announced receipt of notice from Halliburton Company that it intends to nominate candidates to replace the entire board of directors of Baker Hughes at its Apr. 2015 annual meeting. The nominations followed discussions between the parties regarding a potential business combination transaction, and Halliburton's refusal to improve its first and only value proposal. Baker Hughes considers the notice to be an attempt by Halliburton to pressure the Baker Hughes
Germanischer Lloyd, Baker Lyman Sub-Chapter M Alliance brings affordable, turnkey TSMS solutions – and compliance – to towboat operators. When a family-owned, Gulf Coast based marine firm known primarily as a Chart Agent branches out into the world of maritime software, that’s big news. When a global, U.S. Coast Guard recognized vessel classification society acquires a world class survey and engineering firm to form a fully integrated technical consulting company
London-based law firm Lawrence Graham has appointed Charles Baker, an experienced maritime and trade lawyer, as a new partner. Baker, who has more than 25 years experience in maritime law, had previously been with Herbert Smith where he set up the Paris office of Holman Fenwick & Willan.
Baker Hughes Inc. will reportedly recognize a tax benefit of $20 million in the second quarter as a result of an agreement with the U.S. Internal Revenue Service to close the audit of the company's fiscal 1994 and 1995 consolidated income tax returns.
The ‘A’ rated, 150 million GT North of England P&I club has published new guidance for shipowners on how to avoid being caught out by the increasingly complex ‘patchwork’ of international trade sanctions currently in force worldwide. Writing in the club’s newsletter ‘Signals’, head of loss prevention Tony Baker says, ‘Trade sanctions are at the forefront of modern diplomacy and can be imposed by individual countries or supranational bodies
Mike Sumruld has been named Vice President and Treasurer of the giant oil-field services provider. "Mike brings more than 20 years of diversified financial expertise, international experience and a record of solid performance within Baker Hughes to his new role as Treasurer," said Peter Ragauss, Baker Hughes Senior Vice President and Chief Financial Officer. "We believe this depth of experience will enable him to interact very effectively with our external stakeholders
Baker Hughes Incorporated has today announced appointment of Kimberly A. Ross, as Senior Vice President and Chief Financial Officer (CFO) effective October 22, 2014. Ross currently serves as Executive Vice President and CFO of Avon Products, Inc. She served as Executive Vice President and CFO of Royal Ahold N.V. from 2007 to 2011 and held various other finance positions at Royal Ahold from 2001 to 2007. Ross earned a Bachelor of Arts degree in accounting from the University of
U.S. energy firms cut oil rigs for the sixth straight week, data showed on Friday, and were expected to shed more in coming weeks with three major U.S. shale oil companies slashing their spending plans after crude prices hit 12-year lows.
North P&I Club Warns on Downsides of "Big Data" on Ships There is no question that the era of "Big Data" -- and all that those two words encompass -- will be transformational in the maritime market for the coming generation
The U.S. oil rig count this week dropped to the lowest level in over five years as energy firms stepped up the rate of idling rigs after one of the worst years in almost 30 years for drilling, data showed on Friday. Drillers removed 20 oil rigs in the week ended Jan
Baker Hughes announced that the international rig count for December 2015 was 1,095, down 14 from the 1,109 counted in November 2015, and down 218 from the 1,313 counted in December 2014. The international offshore rig count for December 2015 was 250
U.S. energy firms cut oil rigs for a sixth week in the last seven, data showed on Thursday, a sign drillers were still waiting for higher prices before returning to the well pad. Drillers removed 2 oil rigs in the week ended Dec. 31, bringing the total rig count down to 536
U.S. energy firms this week added oil rigs for the first time in the last five weeks, data showed on Friday, despite continued weak crude prices. Drillers added 17 oil rigs in the week ended Dec. 18, bringing the total rig count up to 541
On December 11, General Dynamics NASSCO completed bunkering of liquefied natural gas (LNG) for the Perla Del Caribe, the world’s second containership to be powered by LNG. Bunkering services were provided by the California-based company Clean Energy as well as Baker Hughes and
Port of New Orleans' Board of Commissioners Elects William T. Bergeron Chairman; Michael W. Kearney Elected Vice Chair, Robert Barkerding Jr. Elected Secretary Treasurer The Board of Commissioners of the Port of New Orleans today elected William T. Bergeron chairman. Bergeron represents St
The search is on for 12 containers swept overboard from motor vessel Manoa in heavy weather and seas late Friday evening. An environmental contractor has been hired by the shipper to recover discharged debris and containers, which are empty with the exception of miscellaneous packing
Oilfield services company Halliburton's proposed $35 billion acquisition of rival Baker Hughes Inc will likely close in 2016 instead of this year as talks with U.S. regulators continue, a Halliburton executive said on Wednesday. The companies have already agreed to divest $5
Wood Group has appointed three senior engineering specialists who will lead a new team of up to 20 people in the UK to further build Wood Group’s capability in vibration, dynamics and noise. This follows the acquisition of BETA Machinery Analysis
U.S. energy firms this week added oil rigs for the first week in 11, data showed on Friday, despite continued weak crude prices. Drillers added 2 oil rigs in the week ended Nov. 13, bringing the total rig count up to 574, oil services company Baker Hughes Inc said in its closely followed
Dubai-based Gulf Navigation Holding (Gulfnav), a leading maritime and shipping company, has reported a substantial 123 per cent profit growth at the end of the third quarter of 2015 compared to the same period the previous year.
U.S. energy firms cut oil rigs this week for a seventh week in a row, the longest streak of reductions since June, data showed on Friday, a sign low prices continued to keep drillers away from the well pad. Drillers removed 10 oil rigs in the week ended Oct
U.S. energy firms cut oil rigs for a third week in a row this week, data showed on Friday, a sign the latest crude price weakness was causing drillers to put on hold plans announced several months ago to return to the well pad. Drillers removed 8 rigs in the week ended Sept