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
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
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.
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
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
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
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.
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. Bibby Offshore has a leading subsea services position in the UK North Sea and the opening of the office in Norway further increases the Company’s growing international presence.
AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly in the offshore and renewable energy sectors. AKD partner Haco van der Houven van Oordt says
Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday. "In general, the access can be extended," Novak told reporters in Moscow. An existing law stipulates that only state energy majors Rosneft and Gazprom
Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Now, with oil prices down by half since June
Building Capacity, as Deadline for Trained Crews Nears “You see that ship. That’s our ship,” says Karsten Saevik, as he directs our attention to the virtual image of one of his platform supply vessels on a computer screen in a darkened room
Rolls-Royce has secured a landmark agreement to supply six of its new B33:45 medium-speed diesel generator sets to China’s Fuijan Mawei shipyard for configuration aboard the world’s first ever seabed mining vessel. The pioneering vessel
Bibby Offshore announced today that its Asian Division, Bibby Offshore Singapore (‘BOS’), has secured a contract with the Moattama Gas Transportation Company (“MGTC”). MGTC, a joint venture between Total (operator), Unocal, PTT-EP and Myanmar Oil and Gas Enterprise
While short-term news emanating from the global energy sector was universally negative in the waning months of 2014 as the price per barrel continued to plummet below $60, the inevitable truth of oil & gas is that prices will rise again
Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd, the Norwegian offshore driller said. Western sanctions against Russia, and Rosneft in particular
Automatic Identification System (AIS) data is now being used to determine the collision risk for offshore installations. MARIN helps oil companies with risk assessments for offshore installations by calculating the probability of a ship collision with the offshore installation
“Ships and offshore structures are becoming more and more interconnected,” said Tor Svensen, CEO DNV GL - Maritime, when taking the stage at this year’s CMA (Connecticut Maritime Association) event in Stamford, CT. “In theory
Business momentum is fast picking up at Swiber Holdings Limited despite the downturn in the oil and gas industry as the Group clinches a total of US$405.6 million for a series of contracts, including its latest US$333 million contract for Engineering, Procurement
Workboat operators are taking a second look at Dometic’s SeaXchange Reverse Osmosis Systems as missions expand and demands on these vessels increase. It’s no secret that Dometic Group’s products are sold in almost 100 countries, supported by as many as 6,000 employees
Global marine engineering consultancy LOC Group (London Offshore Consultants) announced appointments in two new positions; John Quarrington has joined the company in London as Group Marine Warranty Surveying Manager and Mark McGurran has been appointed to the Singapore office in the role of Asia
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel, and Pacific Goldfinch, a Platform Supply Vessel (PSV) at the dual vessel naming ceremony held on Tuesday
Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative ballot which closed at 1200 GMT on Friday. Unite's members covered by the Offshore Contractors' Agreement delivered a 93