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’
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
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
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.
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.
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
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.
Project management contractor EPC Offshore has won a major contract to select the optimum concept for the development of Hurricane’s Lancaster Field, one of the most significant oil discoveries in the West of Shetlands in recent years. Hurricane has a 100 per cent holding in the field and has a CPR (competent person’s report) indicating 2C Contingent Resources of over 200 mmbbl of recoverable oil. The year-long contract, worth approximately £2 million
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) won the SRS Shipowner of the Year award at the Singapore International Maritime Awards (IMA) 2015 ceremony held on Tuesday, 21 April 2014 at The Ritz-Carlton, Millennia Singapore. Held as one of the anchor events of the Singapore Maritime Week (19 - 24 April 2015), the biennial Singapore IMA ceremony seeks to give recognition to individuals and companies for their contributions to Singapore's
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
South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships. The shipbuilders' earnings are expected to remain in the doldrums until the first half of 2016
South Korea’s second-largest shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) hit a hurdle in its efforts to get capital injection after the Export-Import Bank of Korea (Korea Exim Bank) delayed necessary funding for its shipbuilding project, reports MKBN.
The Company: Elastec manufactures and markets innovative pollution control and recovery systems. The company’s core competency is oil spill response: skimmers, fire and containment booms, boom deployment systems, portable vacuum equipment, workboats, dispersant spray systems
Interior to auction 344,000 acres offshore New Jersey for wind energy development; 13 energy companies qualified to bid in lease sale As part of President Obama’s Climate Action Plan to develop domestic clean energy resources, cut carbon pollution and create American jobs, U.S
A recent survey conducted by Trelleborg’s offshore operation paints a positive industry outlook with decision makers taking a long term ‘value-add’ view. Original equipment manufacturers (OEMs) rated product quality, responsiveness and skills above cost as the most important
FLNG deal-making has been sporadic since Woodside Petroleum at the end of 2013 delayed a final investment decision for the giant Browse FLNG project off Northwest Australia. The previous year had seen go-aheads for most of the floating liquefied natural gas projects (FLNG) underway today
For the 6th consecutive year, the Maritime and logistics awards (MALA) ceremony took place on 4th September at the Leela Hotels, Andheri east, Mumbai. The awards, which were started in 2009 by the Nikhil Modi’s Exim team, are the most prestigious awards for the shipping fraternity in
South Korea is getting serious about tackling its "zombie company" problem and will set up its first restructuring firm backed by the government and banks in November, spooked by some huge corporate losses and a darkening economic outlook.
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8, a KFELS B Class jackup rig, to Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG). It was completed 32 days ahead of schedule, on budget and with a perfect safety record
Offshore contractor Subsea 7 has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field in the UK North Sea. The ultra-high pressure, high temperature field
Singapore's offshore services provider Sembcorp Marine has won an engineering, procurement and construction (EPC) contract worth over USD1 billion for the Culzean field development project in the North Sea. Sembcorp Marine subsidiary SMOE construction contract will cover the
VIKING Life-Saving Equipment A/S has acquired a part of Australia-based Wiltrading Pty Ltd.’s maritime safety equipment activities effective 1 September. The move strengthens VIKING’s offering in Australasia, adding 4 locations to the company’s global network of
CWind, a provider of integrated services to the wind industry, announced it has won a three-year contract to supply crew transfer services during the operations and maintenance (O&M) phase at Gunfleet Sands offshore wind farm (OWF) off the coast of Essex.
Havyard Group ASA is taking further measures to adapt to the market situation and maintain the Group's profitability, thereby securing jobs for the future All business areas in Havyard Group have been affected to a varying degree by the general downturn in the market in the oil industry
South Korea's No. 2 shipbuilder Daewoo Shipbuilding & Marine Engineering Co., will push for restructuring moves, including asset sales and a reduction in the number of executives, as it reels from massive losses, reports Yonhap.