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Offshore Wins

Bibby Offshore Scoops Two Business Awards

Howard Woodcock (Photo courtesy of Bibby Offshore)

Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People Development and Outstanding Contribution to the Energy Sector. The awards were announced September 25 at the AECC. The Commitment to People Development award recognizes the company that has shown the most commitment to developing its staff through skills and personal development, investment and achievement programs and outcomes. The Outstanding Contribution to the Energy Sector award recognizes a company demonstrating an exceptional contribution to the energy industry within the north east of Scotland. Bibby Offshore’s Chief Executive Howard Woodcock said, “We are extremely proud to have won in both categories we were shortlisted for at this year’s Northern Star Business Awards. It is recognition of everyone at Bibby Offshore’s dedication to achieving our goals.” Woodcock continued, “The Commitment to People Development award is excellent recognition of the hard work undertaken by our Competency and Training team, our HR team and the whole business to ensure our greatest asset is properly looked after. One of the company’s key focuses and core values is to ‘realize the talent of our people’


Thai Offshore Supplier Gets Chevron Contract

Singapore's Miclyn Express Offshore's Thai J/V partner, Uniwise Offshore, wins Chevron marine support contract for Gulf of Thailand operations The 3 year firm contract with plus 2 x 1 year extension options is to provide coil tubing marine support services to Chevron`s production activities in the Gulf of Thailand. Uniwise Offshore will purchase a Platform Supply Vessel currently under construction in a Chinese Shipyard, to fulfil the service requirements


Samsung Heavy $630M Orders for Tankers, Offshore Platform

Samsung Heavy Industries Co., South Korea's third-largest shipbuilder, said it has won orders worth a combined $630m for five oil tankers and an offshore. Under the deal with a Norwegian customer, Samsung Heavy will deliver the oil tankers by 2013. Another deal with a U.S. customer calls for the shipbuilder to deliver the offshore facility by 2013. With the deals, Samsung Heavy has won deals valued at $6.1b in 2010. For the year, Samsung Heavy aims at winning $8b worth of orders.


Daewoo Ship, STX Offshore Lead Advances Among Korean Shipyards

According to a Nov. 1 report from Bloomberg, STX Offshore & Shipbuilding Co., the world’s fourth-largest shipyard, led advances among South Korean shipbuilders in Seoul trading on expectations that growing global trade will prompt more orders. STX Offshore gained 8.1 percent to 28,550 won, the highest price since August 2008, at the 3 p.m. close of trade in Seoul. Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipyard, climbed 3


WINS & POSH Form Indonesian Offshore J/V

WINS AHTS Vessel: Photo credit PT Wintermar Offshore

PT Wintermar Offshore Marine Tbk (WINS) joins with PACC Offshore Services Holdings Ltd (POSH) for Indonesian oil and gas joint venture. The joint venture will own and operate two units of Indonesian flagged 100+ tons bollard pull AHTS, “WINPOSH Rampart” and “WINPOSH Resolve”, both of which have been awarded contracts to support drilling activities for a multinational oil and gas company for up to two and half years.


Emas Reels in $32m Contract

Photo: Emas Offshore

 Singapore-listed offshore firm EMAS Offshore Limited wins $32m of new business  has secured new awards and letter of intents for charters amounting to approximately US$32 million, including options.   These new charters will see EMAS Offshore’s Anchor Handling Tug (AHT), Anchor Handling Tug and Supply (AHTS) and Platform Supply (PSV) vessels supporting National Oil companies (NOCs), International Oil companies (IOCs) and other offshore contractors on drilling operations


Rolls-Royce Receives Brasil Supply Order

Rolls-Royce has announced that it has won an order valued at over $24 million to design and equip two offshore service vessels for ship owner Brasil Supply. The vessels, of the Rolls-Royce UT775 E design, will be chartered by Brazil’s state oil company Petrobras and are designed for carrying fluids and solid cargo to and from offshore oil and gas platforms. They will be built by Estaleiro Ilha S.A. in Brazil, for delivery in 2013


Report: Hyundai Wins $900m Offshoe Order

According to a report on Yonhap News, Hyundai Heavy Industries won a $900m deal for offshore platforms and other facilities off the coast of Africa. Hyundai Heavy reportedly will build two offshore gas platforms and other facilities by the end of 2014. With the contract, Hyundai Heavy has won orders valued at $19.8 billion thus far this year.  


Korea's STX Offshore Debt to Equity Swap Hastened

STX Offshore & Shipbuilding Co. will issue new shares worth 38.4 billion won (US$36.5 million) as part of its debt-to-equity swap scheme. The shipbuilder will float 15.37 million shares, which will be listed on the main Seoul bourse on Jan. 9, 2014, reports Yonhap News Agency. Yonhap cite Jeong Yu-mi, a spokesperson for STX Offshore & Shipbuilding, as informing that trhe new share issuance is part of the 700 billion won debt-to-equity swap program aimed at stabilizing the company


Daewoo Shipbuilding to Issue New Shares Worth $353 Mln

Daewoo Shipbuilding & Marine Engineering Co Ltd said on Tuesday it will issue new shares worth 414 billion won ($353.1 million) to improve its financial position.   Daewoo Shipbuilding, the world's largest shipbuilder in orderbook by tonnage, is set to report its biggest yearly operating loss this year after a loss of $2.6 billion in the second quarter due to construction delays on offshore projects.   ($1 = 1,172.5100 won)


Daewoo Shipbuilding to Get Fresh $2.6 Bln Bailout

File photo: Daewoo Shipbuilding & Marine Engineering Co Ltd

South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd, which has built up huge losses from offshore projects and risks missing debt repayments.   Daewoo


Statoil Wins Licences Off UK, 'Resets' Exploration Off U.S.

Norway's Statoil was the second top bidder for 13 oil exploration leases in the U.S. Gulf of Mexico and won six licences offshore Britain, it said on Thursday, in a sign it may be looking to boost reserves after slashing costs. "The importance of oil companies' ability to replenish


Norway's Solstad Offshore, Farstad Shipping and Deep Sea Supply Agree Merger

Photo: Solstad Offshore ASA

 Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017.   The statutory merger plans have been approved and signed by the boards of Solstad, Farstad


Korean Shipyards Cut Costs to Boost Profit

Photo: Hyundai Heavy Industries

 South Korea's Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) said that they will strive to boost their profitability via increased orders and continued cost-cutting measures, reports Yonhap.   According to Park Dae-young, president of SHI


MOL Invests in Self-Elevating Platform Vessel Operator

One of the world’s largest Self-Elevating Platform vessels, the Seajacks Scylla, owned and operated by Seajacks Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1), from Marubeni Corporation. This is a new offshore business for MOL, following FPSO(*2), FSRU (*3)


Windea Leibniz Delivered to Bernhard Schulte

Windea Leibniz (Photo: Ulstein)

The newly built wind farm service vessel Windea Leibniz was delivered from Ulstein Verft to Bernhard Schulte Offshore and ICBC Leasing on February 28, and named March 2 at a ceremony in Ulsteinvik, Norway.   Beginning in April, the vessel will work at the Sandbank wind farm in the German


Singapore’s Survivability

New business: Keppel has begun building dredgers like the Cristobal Colon, seen hear outside Rio de Janeiro. (Photo: copyright Jan de Nul Offshore)

Singapore’s shipyards are looking to recent investments in capacity, design and newly acquired technology to combat order declines after a decades-long offshore buildup. Sembcorp and peer Keppel are making the most of partnerships in FLNG and showing signs they’ll be okay through the


Daewoo Shipbuilding Seeking Stake Sale in Non-Core Assets

File Photo: Photo: Daewoo Shipbuilding and Marine Engineering

 South Korea's Daewoo Shipbuilding & Marine Engineering Co (DSME)  is accelerating its move to  sell all non-core assets o beef up its financial status amid concerns over a sharp fall in new orders, Yonhap reported quoting industry sources.     


Consolidation – A Path to Subsea Vessel Sustainability

Graphics: Subsea Vessel Operations expenditure by Sector – 2017-2021. Source: Douglas-Westwood, World Subsea Hardware & Vessel Operations Market Forecast

 In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance, says a report by Douglas-Westwood London.   This has been further exacerbated by sustained low oil prices


Cammell Laird: Polar Ship Contract to Kick-start Exports

Photo: Cammell Laird

British shipyard and engineering company Cammell Laird said it plans to unleash an “aggressive exports drive” in 2017 after one of its busiest years for commercial marine work, which saw it land the biggest shipbuilding project in the U.K. for a generation.  


The World's First Offshore Wind Farm is Retiring

Photo: DONG Energy A/S

 DONG Energy has decided to retire “Vindeby”, the world’s first offshore wind farm, which 25 years ago marked the birth of the offshore wind industry. Today, offshore wind is a recognised and proven renewable energy technology


Ezra Holdings Files for Bankruptcy in US

Pic: Ezra Holdings

 Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, blaming a prolonged slump in the energy industry, Reuters reported.  Ezra  has been facing hostile actions from creditors at home and abroad as it struggles to recover from a


First LNG-fueled Aframax Tankers Ordered

Image: Hyundai Heavy Industries Group

Hyundai Heavy Industries Group reports $240 million order for the world’s first liquefied natural gas (LNG) fueled aframax tankers   Hyundai Heavy Industries’ shipbuilding affiliate Hyundai Samho Heavy Industries (HSHI) said it recently won a $240 million order to build four 114


SM Group Mulls More Takeovers

Photo: SM Line Corp

 South Korea’s Samra Midas Group (SM Group) said that it is looking to acquire some overseas shippers, among other businesses in an effort to expand its foothold in the maritime sector, Yonhap News Agency cited one of the company’s officials.  


CFE Extends 2-Cargo LNG Tender Close by One Day

Mexico's state-run power utility CFE has extended the close of a buy tender seeking two liquefied natural gas (LNG) cargoes in April by one day to Wednesday, trade sources said. The deliveries are due to arrive at Mexico's Altamira terminal on the Atlantic coast






 
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