Hornbeck Offshore Services, Inc. announced today that it has entered into a definitive asset purchase agreement with Superior Offshore International, Inc, a subsea construction and commercial diving services company, to acquire the Superior Achiever, a T-22 class DP-3 new generation multi-purpose support vessel and related owner-furnished equipment, currently under construction at Merwede Shipyard in Holland with an anticipated fourth quarter 2008 delivery. Merwede Shipyard is also building for Hornbeck the HOS Iron Horse, a T-22 class DP-3 MPSV of the same design, with an expected fourth quarter 2009 delivery. With the pending acquisition of the Superior Achiever, the Company's MPSV program now consists of four vessels. The closing with Superior is subject to customary conditions, including third party consents, and is expected to occur on or before January 21, 2008. Hornbeck has also agreed to a five-year time charter with Superior for the Superior Achiever or another acceptable vessel at a dayrate commensurate with the Company's target investment parameters. Superior will have the option to terminate the charter with 90-days' advance notice at the end of each sequential six-month period within the term. The definitive agreement also provides that Hornbeck and Superior will agree to negotiate in good faith toward the establishment of a non-exclusive joint marketing and cooperation agreement and that the parties will endeavor to seek mutually beneficial business
Accommodations specialist, HB Rentals, a Superior Energy Services company, has named Clayton George Technical Division Manager, announced President Deidre Toups. In this role, George will manage project teams for the design of modular offshore living quarters and will be based in the company’s Broussard, La., office. George has extensive industry experience in project management and previously served in this capacity for DPS Delta; Berard
Superior Energy Services Inc. (NYSE: SPN) announces it has opened a new location in Singapore to serve as a base of operations for Superior Energy Services’ Marine Division, HB Rentals and Premier Oilfield Rentals and to be a resource for any Superior employee traveling through the region. This development is in line with Superior’s commitment to the development of international markets.
Frost & Sullivan has named Vacon 10, Vacon's new micro drive, the 2008 Product of the Year for OEMs (original equipment manufacturers) in the micro drives domain. The Frost & Sullivan Award for Product of the Year is presented each year to the product that has demonstrated superior performance, features and is competitively priced. The 2008 Frost & Sullivan Award for Product of the Year for OEMs in the micro drives (up to 5
Fluid-handling specialist Hamworthy has signed a contract with marine equipment purchaser Hua Hai Engineering & Equipment Co., Ltd to deliver pump room systems for installation on four very large crude carriers (VLCCs) to be constructed in China. The ships, which will be built for CSC Nanjing Tanker Co., Ltd (NJTC) at Guangzhou Longxue Shipbuilding Co., Ltd, follow on from 10 previous VLCCs contracted by the same owner at Jiangnan Shipyard and Bohai Shipyard
Caterpillar Oil & Gas will unveil the new Cat CG137-8 natural gas generator set at the Bismarck Civic Center in Bismarck, North Dakota during the 2014 Williston Basin Petroleum Conference now in progress from May 20 – 22nd. The new Cat CG137-8 generator set provides 282 ekW (352 kVA), 60 Hz @ 1800 rpm of rated power, offering customers an additional power node to complement existing Cat power solutions in land production applications
Parker Drilling Company and Superior Energy Services, Inc., have jointly agreed to terminate their merger agreement, in which Parker was to acquire Superior in an exchange of stock. In connection with the termination, Superior will make a cash payment to Parker in settlement of certain obligations under the merger agreement. Superior, in Harvey, La., provides oilfield tool rentals, well plug and abandonment services
Superior Offshore International, Inc. a leading provider of subsea construction and commercial diving services on the outer continental shelf of the Gulf of Mexico, has named Patrice Chemin as its Chief Operating Officer, or COO, effective immediately. With over 35 years of oilfield-related and international marine construction experience, Chemin is a tremendous addition to Superior Offshore International’s executive management team.
Offshore accommodation specialist HB Rentals, a Superior Energy Services company, has secured another new deal to supply a high-specification engineering cabin to Expro Group in Malaysia. HB Rentals’ regional hub in Singapore, which is undertaking a major fleet development program, delivered the 20 x 8 ft. engineering cabin to the Expro Group to provide a safe environment for technicians working on the Harvey H. Ward jack-up drilling rig.
Aiming to Meet the IMO's Tier III NOx Emission Controls Nippon Yusen Kabushiki Kaisha, Oshima Shipbuilding Co. Ltd., Mitsubishi Heavy Industries Ltd., Akasaka Diesels Limited, and Sakai Chemical Industry Co., Ltd are to begin shipboard tests of selective catalytic reduction (SCR) nitrogen oxide (NOx) removal equipment installed on NYK Line's new bulk coal carrier Initial Salute, which was built by Oshima Shipbuilding.
The U.S. Coast Guard continues to monitor and respond to the motor vessel Roger Blough after the vessel ran aground May 27 on Gros Cap Reef in Whitefish Bay in Lake Superior. Lightering operations continue while the vessel is anchored in Waiska Bay to transfer its cargo to the Philip R
Engineers and analysts from the Bureau of Safety and Environmental Enforcement's (BSEE) Gulf of Mexico and Alaska Regions recently evaluated Spill Response Operations Training and Equipment Verification exercises conducted by the Tennessee Gas Pipeline Company and its oil spill removal contractor
Lightering operations were completed Tuesday, as the U.S. Coast Guard continues to monitor and respond to the motor vessel Roger Blough, Tuesday, after the vessel ran aground May 27 on Gros Cap Reef in Whitefish Bay in Lake Superior.
Trelleborg’s engineered products operation is now manufacturing a pre-bend rubber dredging hose in China – the only one of its kind available in the country, according to the manufacturer. Currently exclusive to Trelleborg’s Chinese manufacturing operation
PPG’s protective and marine business has received EU Funding for a project which aims to produce a new fouling protection system for commercial vessels. A project development group including PPG, MACtac, Meyer Werft/ND Coatings
The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group. The seller is the Norwegian private equity fund Herkules. Harding is one of the leading suppliers of lifesaving equipment and lifecycle
The U.S. Coast Guard informs it is continuing to monitor and respond to the 833-foot U.S. cargo vessel Roger Blough, which ran aground Friday afternoon on Gros Cap Reef in Whitefish Bay in Lake Superior. The chance of a fuel spill is minimal and flooding on the vessel is stable
Salvage divers from DonJon-Smit plan to begin an underwater survey of the hull of 833-foot U.S. cargo vessel Roger Blough, which ran aground Friday afternoon on Gros Cap Reef in Whitefish Bay in Lake Superior. The divers aim to identify any damage the freighter may have sustained during the
The U.S. Coast Guard continues to monitor and respond to the motor vessel Roger Blough, Wednesday, after the vessel ran aground Friday afternoon on Gros Cap Reef in Whitefish Bay in Lake Superior. Plans continue to progress to safely free the Blough from Gros Cap Reef through the combined
Kalmar, part of Cargotec, has received orders for 10 diesel-electric straddle carriers from DP World for their West Swanson Terminal in Melbourne, Australia. One order for five units was booked in Cargotec's 2015 fourth quarter order intake and the other five units were booked in 2016 first
The Wärtsilä Genius service offering now further supports customers' business with the newly launched Wärtsilä Offline vibration analysis service monitors the health of propulsion and other rotating equipment. In addition
PALFINGER MARINE Winches and Offshore Equipment has signed a contract for the supply of complete winch packages to 15 Module Carrier Vessels being built for Topaz Energy and Marine. The vessels, of VARD 9 21 design, are developed by Vard Design to navigate the shallow river systems as
The U.S. Coast Guard continues to monitor and respond as lightering operations begin on the motor vessel Roger Blough, Friday, after the vessel ran aground May 27 on Gros Cap Reef in Whitefish Bay in Lake Superior. The Philip R. Clarke arrived on scene with the Blough Thursday afternoon
The U.S. Coast Guard continues to monitor and respond as the motor vessel Roger Blough is safely anchored in Waiska Bay, Saturday afternoon, after the vessel ran aground May 27 on Gros Cap Reef in Whitefish Bay in Lake Superior. The vessel made way under its own power to Waiska Bay where it
Global shipping and logistics firm Maersk is looking at ways to use drones for delivering equipment to ships and is planning to conduct a test later this year, after using the technology in January for delivering cookies to a tanker at sea, says a report in PTI.