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BAKER MARINE

Sembcorp Wins $121M Rig Deal

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


Baker Joins Bisso Marine

Photo courtesy Bisso Marine

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


Lawrence Graham Appoints New Partner

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 Joins EBDG

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.


New Solutions Soothe Sub M Uncertainties

GL Surveyor 3 web.jpg

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


Halliburton Seeks to Replace Baker Hughes Board

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


Baker Hughes To Record Second Quarter Tax Benefit

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.


NORTH P&I CLUB Publishes Guidance On Sanctions For Shipowners

North P&I club.jpg

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


Baker Hughes Name New Corporate Treasurer

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 Names Kimberly Ross as CFO

Kimberly A. Ross

  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


Socha Named VP at Baker Marine Solutions

Robert Socha (Photo: BMS)

Baker Marine Solutions (BMS) has appointed Robert Socha as Vice President Business Development for its domestic United States and international operations.   Socha joins BMS following 16 years with Bollinger Shipyards as executive vice president marketing and sales


Durkin Appointed COO of Maersk Drilling

  Angela Durkin from Baker Hughes will join Maersk Drilling as new Chief Operating Officer (COO). She will assume her new role 1 May 2015 taking over from Jørn Madsen and report directly to CEO Claus V. Hemmingsen. “We are very pleased that Angela Durkin will join Maersk


Shipoweners Warned to be Prepared for Migrant Rescues

The North P&I club has warned its shipowner members of the need to be properly prepared to meet their moral and legal obligations to rescue migrants at sea. In a new loss prevention briefing published today, North suggests some of the rescue practices and procedures that merchant ships should


US Weekly Oil Rig Count Decline Slows

The fall in the U.S. oil rig count slowed this week, data showed on Friday, suggesting the collapse in drilling may be coming to an end as prices recover after falling 60 percent from June to March.   The oil rig count fell by 24 this week to 679 active rigs


North P&I Club Advises Inclusion of Ebola-Specific Clauses

Charterparties Should Include Ebola Specific Clauses

  The 180 million GT, ‘A' rated North P&I Club is advising shipowner Members to take great care to protect the health of their crew members when calling at ebola-affected ports in west Africa. In the latest issue of its loss prevention newsletter Signals


U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive, data showed on Friday. The number of rigs drilling for oil fell by 13 to 1,582 in the latest week


Hedge Funds' Big Bets on Energy Companies Pummeled

Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller


Merger Talks Feed Energy Sector Deal Speculation

Employees work in a lab at the Halliburton Co. facility in Houston.

  Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell


Halliburton & Baker Hughes Merger

Two giants merge

  Halliburton Company and Baker Hughes Incorporated  today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78


US Navy: Tortuga Allision Costs CO, XO Their Jobs

USS Tortuga's (LSD 46) Commanding Officer, Cmdr. Thomas Goudreau and Executive Officer, Cmdr. John Fleming, were relieved of their duties Dec. 16, due to loss of confidence in their ability to safely operate and navigate the ship and their credibility to lead the crew.


Lakes Defend US Build Requirement of Jones Act

Jim Weakley (Photo courtesy of LCA)

An effort to remove the U.S.-build requirement from the Jones Act is being soundly rejected by Great Lakes Maritime Task Force, the largest labor/management coalition ever assembled to promote shipping on America’s Fourth Sea Coast. The Task Force said it sees no benefit to allowing


North American Rig Counts Continue Decline

The number of U.S. oil and gas rigs declined by 48 last week, according to data released today by Baker Hughes, which shows the number of U.S. rigs is now down to 1,310, a decrease of 461 from a year ago and the lowest since January 2010.  


Winter in US Northeast Takes a Toll on Ferries

Photo: The Boston Harbor Association

With its black hull rumbling against a field of broken ice, the Warren Jr. slowly eased away from a dock in the Boston suburb of Hingham on Tuesday, aiming to clear a path for some of the four ferries that carry commuters from here into the city each day. 


OTC Names Technology Award Winners

VersaCutter

The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award. The 2015 awards will be presented May 4, in the NRG Center Rotunda Lobby.  


Rig Count a Predictor for US Q2 Production

The falling number of rigs drilling for oil in the United States is pointing to a decline in U.S. oil production in the second quarter, Goldman Sachs analysts said on Monday. Rig count in the United States fell by 56 last week to 866, the fewest since March 2011






 
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