GE Capital Corporate Finance provided $16 million in equipment financing to the Dutra Group, Inc. The funds refinance existing debt used to support the company’s marine fleet. Headquartered in San Rafael, CA, the Dutra Group focuses on dredging and marine construction along the west coast, and produces and distributes aggregate materials to support construction projects primarily in northern California. www.gecapital.com
Chet Morrison Contractors hired industry veteran Metin Gezer as Vice President of Land Construction Services. Gezer is one of several recent leadership additions who will provide support and infrastructure to foster the growth of the company’s construction services for both onshore and marine environments. Gezer brings over 25 years of planning and operations experience in the oil and gas industry, both domestically and internationally, and has a background in midstream, refining
ABG Shipyard Ltd has bagged a repeat order for construction projects from Sea Tankers Management Company Ltd. The company would construct six anchor handling tug vessels each for a price of $9.99m aggregating $59.94m, for Sea Tankers, a part of John Fredriksen's Group. The six vessels will be delivered at an interval of three months each beginning from December 2007, and ending March 2009. With this repeat order for six more vessels the company has an order for total 12 vessels from Sea
The Panama Canal Authority (ACP) officially began reviewing bids for the first construction project under the Canal's expansion program on last Friday, July 6. Submissions to perform the dry excavation of the new Pacific Locks access channel will be thoroughly reviewed and a winner will be determined in the coming weeks. In a ceremony, the ACP opened each bid submission. After reviewing them, the proposal that meets all of the project's criteria and needs, with the best price
The two-year commitment is planned to begin in January 2009 and expected to provide approximately $137 million in drilling revenues. The rig will be performing drilling services as well as assisting with various construction projects. Rowan Companies Inc. provides international and domestic contract drilling services and owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.
Paper highlights how integrating structural steelwork and plant layout design can reduce project cost, risk and delivery time Aveva released ‘Bolting it all together,’ the latest in its series of business papers, which discusses how integrating structural steelwork and plant layout design can reduce project cost, risk and delivery time. The paper explores the considerable business advantage that EPCs and Shipbuilders, working on plant/offshore projects
Employment statistics, sales tax collections, large construction projects and other key economic indicators point to an accelerating recovery in many Gulf Coast communities damaged by hurricanes Katrina and Rita in 2005. Economic growth driven by construction and manufacturing in Pascagoula, Miss., and Lake Charles, La., parallels the aggressive recovery patterns that most regions encounter following a major natural disaster
Sonsub Inc. recently signed a 3 year charter agreement with Otto Candies, LLC for a New Build IMR Construction Vessel. The yet to be named 280ft, Class II DP Vessel includes a 100T tele-knuckle boom crane, a 20’ X 25’ moon pool, accommodations for 66 personnel, and outfitted with one or two 200Hp Innovator ROV systems depending upon the project and client requirements. The vessel will be the first and only US flagged vessel in the GOM capable of supporting subsea construction projects in
Global Industries, Ltd. (NASDAQ:GLBL) announced today that it has entered into an exclusive agreement with Fluor Offshore Solutions, a division of Fluor Corporation (NYSE:FLR), to pursue offshore projects in the Middle East and North Africa (MENA) region. The exclusive agreement, which will build on the combined 60 years of offshore experience of both companies, will jointly market and perform offshore construction projects for the oil and gas industry within the MENA region
The Bayonne Bridge is undergoing a two-year construction project to raise the roadway an average of 65 feet. The Captain of the Port, New York-New Jersey says that it has been struck twice in the past 4 months. The Captain of the Port, New York-New Jersey, has issued a reminder about the importance of providing accurate information clearance information, and warns that civil penalties may be pursued against any vessel owner
601 Poydras Street, Suite 1500 New Orleans, Louisiana 70130 Telephone: 504 568 1010 E-mail: firstname.lastname@example.org Website: www.tdw.com Chairman and CEO: Jeff Platt Number of employees: 8,500 The Company: Tidewater is a leading provider of offshore service vessels to the global energy industry
AG&P ALE Ventures Pty Ltd., an Australian-based consortium says it has successfully deployed its proprietary mobile port solution, the Hydro Deck, to deliver the first modules to the Northern Territory’s largest-ever construction project, the INPEX-operated Ichthys LNG Project
Today there are 324 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 64% of the existing systems, 79% of systems on order. Production semis, barges, spars and TLPs comprise the balance.
With investment support from the Finnish Government of 185 million NOK Skangass has decided to build a new import terminal for LNG. The terminal will be completed in 2016. Skangass plans to create an efficient LNG logistics chain in the Pori area.
Chesapeake Marine Training Institute (CMTI) says that Norfolk Tug will be among the maritime companies recruiting new talent at its professional mariner job fair August 13, 2014, from 9 a.m. to 3 p.m. at the CMTI campus in Hayes, Va. CMTI adds that Vane Brothers will also be on hand
Murray & Associates, LLC has been commissioned to deliver a comprehensive design package for an 185,000 BBL Chemical Tank Barge new construction project. The ABS SafeHull barge is an articulated tug and barge type utilizing an Intercon Model 50 coupler system
As a part of President Obama’s continuing commitment to help coastal communities recover from Hurricane Sandy and promote resilient coastal systems, the Bureau of Ocean Energy Management (BOEM) and the South Carolina Department of Natural Resources signed a two-year cooperative
On 4 August, Gerhard Furø took up the position of Vice President technical and commercial for Havyard Design & Solutions AS. Gerhard Furø has previously been a consultant with Boatlabs AS, where, in recent years
Liebherr-Werk Biberach GmbH has managed to win several orders in Australia and New Zealand. During the last few weeks four luffing jib cranes from the HC-L series and a top-slewing crane from the EC-H series have left Liebherr-Werk Biberach GmbH for the voyage down under.
Singapore-based Swiber informs it will hoist the Mexican flag on another four vessels in its fleet, comprising one derrick pipelay barge and three anchor handling tug / supply vessels (AHTs). Five vessels were deployed in Mexico three years ago when Swiber landed its first contract win in Latin
Otto Marine says it has clinched AUD57-million worth of charter contracts in Australia for two of its large deep water AHTS vessels. Otto Marine Limited, which owns and operates a large fleet of offshore support vessels, with shipyard and other specialized offshore services
Offshore Wind Services’ (OWS) latest Damen vessel – the Fast Crew Supplier 2008 Offshore Waddenzee - was officially named at Damen Oranjewerf Amsterdam, on August 22. The FCS 2008 is the second Damen vessel ordered this year by the Dutch company
Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development. Zentech’s President Ramesh Maini noted on August 28
PMI Energy Services, a Superior Energy Services company, has opened a shorebase in Morgan City, Louisiana, focused on supporting shelf, coastal and inland waters production and drilling activities. PMI’s shorebase is centrally located on the Louisiana coast and provides better protection
Bibby Offshore Holdings Limited, [the subsea services provider to the oil & gas industry, is pleased to announce its continued international expansion with the opening of an office in Stravanger, Norway. The Norwegian office for Bibby Offshore will be headed by Arne Lier.