FirstWave/Newpark Adds To Senior Management Staff Joining FirstWave/Newpark is Frank R. Pierce as corporate vice president and CFO, along with Tom Godfrey in the newly created position of vice president, ship repair. Pierce joins FirstWave with more than 20 years experience, most recently at GulfMark Offshore, a publicly held offshore vessel company. Godfrey, who has held many senior level positions in the industry, comes to FirstWave from Colonna's Shipyard where he was president & CEO.
GulfMark Offshore, Inc. called for redemption all of its $130,000,000 aggregate principal amount of 8.75% Senior Notes due 2008 that remain outstanding on the redemption date,August 23, 2004. The redemption price is 102.917% of the principal amount of the Notes, or $1,029.17 per $1,000 principal amount of Notes, plus interest accrued and unpaid to the redemption date. On July 2, 2004 the Company commenced a tender offer and consent
Former Rigdon Marine CEO and Founder Elected To Board of Leading Biodegradable Lubricants and Functional Fluids Producer Mentor, OH, March 31, 2011 – Terresolve Technologies, Ltd. today announced that Larry Rigdon, founder and former CEO of the Rigdon Marine Corporation, has joined the company’s board of directors. Rigdon, a former executive vice president of Tidewater, Inc., also sits on the board of the National Ocean Industries Association.
Bourbon has announced its 2009 annual results. “The strength of our strategy is to invest in order to reduce clients’ costs,” stated Jacques de Chateauvieux, Chairman and Chief Executive Officer of Bourbon, “and putting into service new-generation innovative and high performance vessels, constructed in series at extremely competitive costs, sustains the growth in the Offshore Division operating income and provides a positive outlook for 2009
ESSI Corporation and Hughes team up to address the unique requirement of this hardworking maritime sector. When ESSI Corporation and Hughes teamed in 2009 to deliver broadband VSAT services to the workboat industry, they quickly discovered that not only was this a unique industry, but also that when it came satellite communications, several important requirements had to be satisfied to keep these customers happy. As a service provider, a customized service tailored to those needs evolved.
BAE Systems continues to support the offshore energy market as it expands new construction efforts and maintenance, repair, overhaul and conversion operations at its shipyards in Mobile, Ala., and Jacksonville, Fla. Earlier this year, BAE Systems began construction on the first of two platform supply vessels for GulfMark Americas, Inc. The 300-Class DP2 vessels are designed by MMC Ship Design and Marine Consulting, Ltd
BAE Systems has completed another milestone in the construction of the first of two dump scows for Great Lakes Dredge & Dock Company. When complete, both vessels will be used to support dredging operations in the United States. Employees and executives from both companies recently gathered at the foot of the 98 ton keel block as Steve Becker, vice president of Great Lakes Dredge & Dock, drove the ceremonial wedge and welded his initials in the keel of the first vessel, Hull 107.
Offshore vessels in the Gulf of Mexico have become more energy efficient in recent years and are polluting less because of changes in engines, bunker fuels and building materials. At the same time, Gulf of Mexico builders have responded to meet new regulations, customer needs. At Harvey Gulf International Marine in New Orleans, Environmental Compliance Coordinator Nicole Eddlemon said “adoption of energy-saving vessels in the U.S
The worldwide offshore rig demand declined since last week, according to Offshore Data Services' weekly mobile offshore rig count. While demand in the U.S. Gulf improved, European rig demand continues to suffer. In European waters, 74 offshore drilling rigs are under contract this week, a one-rig net decline from last week, and a 10-rig fall from two months ago. The 106-rig European offshore drilling fleet's utilization rate is 69.8 percent
During November MacGREGOR won offshore equipment orders with a total value of over $73.5 million (50 million euros); the equipment will be delivered during 2009-2010 Offshore equipment orders recently signed by MacGREGOR’s Offshore division include the single biggest order in the history of the newly acquired Norwegian company Hydramarine AS. This is for two Hydramarine active heave compensated (AHC) cranes for an offshore vessel being delivered in 2010 to a Norwegian shipowner
According to a special advisory warning recently issued by U.K. maritime intelligence provider Dryad Maritime, there has been an increased threat of crew kidnap in the Gulf of Guinea. And since the issue of Dryad’s warning, two further attacks on vessels have taken place within a single week
Rolls-Royce said it has secured a contract to supply water jets for three wind farm support vessels to be built by South Boats IOW for the offshore wind transfer vessel operator Seacat Services. In what Rolls-Royce called one of the biggest orders made for wind farm workboats
Endofa, an independent physical marine fuel supplier and bunker trader with offices in Houston and Dubai, informs it has partnered with another emerging bunker broker, VP Bunkers, to form Endofa-VP with offices in Nice, France. According to Endofa's Kenn Soendergaard
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners
Reuters - Seadrill, the world's largest offshore oil driller by market capitalization, has completed the issue of a 1,500 million Swedish crowns ($234.18 million) senior unsecured bond with a March 2019 maturity, the firm said on Thursday.
ASRY, a ship and rig repair yard in the Arabian Gulf, recently saw six vessels under repair simultaneously on its dual slipways in a sign that the yard’s small and medium sized vessel repair business continues to flourish since the opening of the its state-of-the-art slipways.
Trelleborg’s engineered products operation has completed its first oil and gas floatover project in China, supplying a range of its floatover hardware for the BoZhong (BZ) 35-2 COEEC offshore platform in Tianjin. Designed and fabricated by China Offshore Oil Engineering Company (COOEC)
Xodus Group, Cathie Associates and UTEC Geomarine have formed an industry leading consortium to deliver a study which will aim to reduce the costs of generating electricity from offshore wind farms in U.K. waters. The Carbon Trust’s Offshore Wind Accelerator (OWA)
Ben Billings serves as President & CEO of the Offshore Marine Service Association (OMSA), a nationwide trade association headquartered in New Orleans that represents more than 200 member companies. OMSA’s membership includes approximately 100 firms operating more than 1
The Dutch offshore contractor Seaway Heavy Lifting has ordered Amarcon’s OCTOPUS-Onboard decision support technology for her monohull crane vessel Stanislav Yudin. This order is the second OCTOPUS-Onboard installation for Seaway Heavy Lifting
Masirah Oil Limited announced the testflow rates of the previously announced discovery at the second exploration well in Block 50 Oman, were very encouraging. The exploration well was drilled to its final depth into the Cambrian formation
Reuters - Edison, the Italian utility owned by EDF, is in talks to buy two Israeli gas fields from U.S. explorer Noble Energy and Israel's Delek Drilling, which are estimated to hold up to 70 billion cubic meters in total, two sources with knowledge of the talks said.
The Winter Games, code-named RigRun is a six week offshore event, which aims to improve health in the offshore industry and gather funds for charity at the same time. Seven Maersk Drilling jack-ups are currently competing against each other and 19 other rigs to claim first place.
McDermott International, Inc. informs that one of its subsidiaries has been awarded a large engineering, procurement, construction and installation (“EPCI”) project by an operator in the Arabian Gulf. The award is included in McDermott’s fourth quarter 2013 backlog
The analysis considers that the US Arctic Ocean presents almost a perfect storm of risks: a requirement for a long-term capital-intensive investment for uncertain return; a remote and uniquely challenging operating environment; ongoing court challenges; a lack of extraction and spill response