Oilfield Services
Dynamic Positioning System Upgrades For Navigare Flotels
Mobile, Alabama based Offshore-Inland Marine & Oilfield Services recently completed Dynamic Positioning (DP) system upgrades for Navigare on the accommodation Semis Safe Regency, Safe Lancia and the Safe Britannia. The DP system upgrades, which were performed while working in conjunction with Rolls-Royce, primarily consisted of hydraulic tubing replacement, installation of distribution manifolds and filter systems installations. Several hydraulic pump and motor upgrades were also necessary to upgrade the DP system. Prior to completion of the job, Offshore-Inland Marine & Oilfield Services performed a system flush, hydrostatically tested all components and commissioned the systems.
Offshore-Inland Completes Repairs on Celebrity Millennium
Offshore-Inland Marine & Oilfield Services completed a repair job for Celebrity Cruise Lines in November 2003. Celebrity’s Millennium required replacement of a 20-ton main propulsion transformer during a planned port visit at Port Everglades, Fla. Offshore Inland responded in spite of the strict time frame requirement to cut a large access opening in the vessel’s side, remove the existing transformer, install a new Celebrity provided transformer and close the access opening all in less
SWIRE Oilfield Services Appoints New Sales Director
Swire Oilfield Services, a provider of offshore cargo carrying units and associated services has appointed David Rae as sales director in line with its significant investment plans. Rae brings a wealth of knowledge and experience to the company gained from holding a variety of senior commercial and finance roles in a career spent working in both the oil and gas and manufacturing industries. He was most recently business development director at helicopter operators CHC.
Offshore E&P Spending To Rise 15% in N. America
Offshore oilfield service stocks, to put it mildly, have endured a wild ride for much of 1999. The once high-flying sector actually hit the skids in concert with the late 1997 Asian financial crisis, and resultant plummet in oil prices. Despite a raging rally in oil pricing for much of the year, investors have cautiously approached the stocks. One reason for the caution is purely psychological, as too many investors have been burned too many times on the cyclical stocks
Schlumberger Acquires KBB, Augments Its Range of Services
Schlumberger Oilfield Services has acquired Kavernen Bau und Betriebs GmbH (KBB) from the Preussag Group. The purchase of the Hanover, Germany-based consulting firm, which has more than 30 years of experience in subsurface gas storage, augments the range of services provided by Schlumberger for the growing worldwide gas business. KBB's primary expertise is in the engineering, construction and project management of facilities for the underground storage of natural gas in salt domes
Bharati Shipyard to Build Offshore Vessel for Great Offshore
According to the Hindu, Bharati Shipyard will construct and supply an offshore support vessel to integrated offshore oilfield services provider Great Offshore for $64.8m. The vessel, which has a diesel electric propulsion system with 5 generators of a total power of 10,500 KW, is fully-equipped to support diving/sub sea operations. The above contract is in lieu of a contract dated March 24 for one multipurpose offshore support vessel valued at $17.4m ordered by Great Offshore.
Axis Bank Cancels Great Offshore Oil Rig Funding
In Bangalore, offshore oilfield services firm Great Offshore Ltd has run into fresh trouble after Axis Bank Ltd walked out of a deal to lend Rs350 crore to the Mumbai-based firm for funding the purchase of an oil drilling rig, currently under construction at Bharati Shipyard Ltd. Axis Bank wanted the money back after ONGC cancelled the rig contract and also due to delay in completing the construction of the rig. (Source: livemint
Baker Hughes Reports Third Quarter Earnings Loss
Baker Hughes Inc., the world's third biggest oilfield services company, reported sharply lower third-quarter operating earnings, but said business had begun to improve as this year's recovery in oil and gas prices led to a gradual increase in drilling activity. The Houston-based company said pre-tax operating profit, excluding unusual one-time items, fell to $14.2 million from $100.9 million in the third quarter of 1998. Revenues fell to $1.21 billion from $1.58 billion.
Gardner Named VP at Oceaneering
Oceaneering International, Inc. has appointed Philip D. Gardner as Senior Vice President, Manufacturing. Effective April 1, 2004, Mr. Gardner will assume worldwide P&L responsibility for Oceaneering's products group, which includes Oceaneering Multiflex and Oceaneering Intervention Engineering. In addition, he will have worldwide functional oversight responsibility for Materials Management and Quality Assurance in the oilfield sector. Mr
Tuppen Joins Wild Well Control
Wild Well Control, a Superior Energy Services company, announces that James Tuppen has joined the company as Manager, International Well Control Operations. Tuppen has more than 30 years of experience in the oil and gas industry involving snubbing services, pressure control and well control operations. “With his strong pressure and well control experience, James will be a great asset to our Middle East/North Africa region and our global operations as well,” said Freddy Gebhardt
Jaya Reports $4 Million Net Profit for 1Q 2013
Jaya Holdings Ltd. reported consolidated revenue of $24.8 million and net profit of $4.0 million for the financial quarter ending March 31, 2013. The group’s total revenue for the quarter under review was $24.8 million, 53% higher than the previous corresponding quarter
Nam Cheong Shipyard Contracted for Five Offshore Vessels
Nam Cheong International secured sale contracts for an Anchor Handling Towing Supply (AHTS) and four Platform Supply Vessels ( PSV's). The total value of the contracts is $110 million. The 12,000 brake horsepower (bhp) AHTS vessel was sold to a new customer in Indonesia
Swire Announces New Products at OTC 2013
Swire Oilfield Services, LLC, introduced two new products to the Gulf of Mexico region at the Offshore Technology Conference (OTC), May 6 - 9. Swire’s Modular Systems division and SAFE (Swire Advanced Fluid Engineering) Tanks address the industry’s need for offshore workspace
New Operations Manager at Coretrax
Aberdeen-based oilfield services firm Coretrax Technology Limited appointed an operations manager to focus on the planning, development and execution of wellbore cleanup and displacement. In his new role, Jim Hepburn is responsible for the pre- and post-job analysis of wellbore cleanup
Aker Solutions Slow Out of the Blocks
"The slow start to 2013 is truly disappointing," says Øyvind Eriksen, Executive Chairman of Aker Solutions ASA. Aker Solutions decided to disclose preliminary information on its financial performance in the first three months of 2013 as the results so far considerably lag current
Ince Promotes Three New Partners
International law firm Ince & Co. announced the imminent promotion of three lawyers to the partnership. Dubai Rania Tadros – Rania has experience in commercial arbitration and litigation within the shipping and energy and offshore markets
Subsea Hardware Spending to Double to $124 Billion
Douglas-Westwood (DW) forecast subsea hardware spending is set to double to $124 billion during 2013-2017 compared to the preceding five-year period. The new third edition of Douglas-Westwood’s Subsea Hardware Market Forecast has launched analyses the market through to 2017
Expro Enters $10 Million Full-Service Contract in Brazil
International oilfield services company Expro has been awarded a contract to provide equipment and services in support of a client’s offshore project in Latin America. Located in the Santos Basin, in Brazil, the BS-4 block encompasses two post-salt wells and one pre salt well
Greene’s Energy Names Lang Regional Manager
Greene’s Energy Group (GEG) named David Lang as Mid-Continent Regional Manager for the Testing and Services business unit, announced President Eric Langlinais. Based in Lafayette, La., Lang will provide leadership, direction and operational support to the facility managers in the Bossier
More Crewboats from Incat Crowther
Incat Crowther was awarded contracts to design a pair of new fast oilfield service vessels for Arpoador Engenharia in Brazil. The 36m vessel will meet the Petrobras type P2 specification and the 48m vessel will comply with the type UT4000 specification. 36m Monohull Crewboat
MAN Propulsion Package Powers Two New AHTS
Abu Dhabi-based Adyard has delivered two AHTS vessels equipped with MAN L27/38 propulsion packages. The two Topaz Energy & Marine 67-metre (80-ton bollard pull) vessels are ready for anchor handling tug supply services and the transportation of dry and liquid cargo to and from
Swire Oilfield Services Strengthens East African Presence
Swire Oilfield Services, a global supplier of cargo carrying solutions, modular systems, offshore aviation services and fluid management, is strengthening its newly established presence in Kenya, East Africa with the appointment of Dan Davies as the new commercial manager.
Wärtsilä to Design & Power New OSV's
Wärtsilä awarded a major contract to design a series of four multi-purpose platform support vessels (MPSVs) for Malaysian owner. The contract has been placed by Bumi Armada Berhad, a Malaysian-based international offshore oilfield services provider and also the largest owner and
Expro Awarded Subsea Services Contract in China
International oilfield service company, Expro, has been awarded a $4.5 (£2.9) million one year contract for the supply of 7 3/8” completion landing string services in China. Work will commence this month, and as part of the contract
Aker Solutions Acquire UK Subsea Company
Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Ltd. Enovate Systems Limited is a leading technology company within the subsea well control equipment sector. The financial details of the acquisition are undisclosed.