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. His role at Swire will see him plan and implement sales and marketing activities as well as contributing to the executive management of the company. “I am delighted to join Swire at this dynamic time of investment and growth in the company and look forward to working with the sales and operations teams to ensure we continue to deliver a first class service to our clients,” said Mr Rae. “Our global offering is competitive with bespoke services in high demand and I look forward to the challenge of driving sales onwards and upwards with the support of my team.” Rae’s appointment comes shortly after Swire’s announcement of its £50 million investment in services with £20 million being injected in to its North Sea operations including the construction of new global headquarters in Aberdeen.
Subsea operation specialist, Swire Seabed, has placed an order for the acquisition of two Kystdesign Supporter Work-Class Remotely Operated Vehicles (WROVs) with Lidan Launch and Recovery Systems (LARS), for delivery in February 2016. Swire Seabed has the option to purchase two more WROVs. Swire Seabed prides itself on its strong track record of undertaking a wide range of subsea operations and its team of highly experienced onshore and offshore specialists
MAN B&W Diesel has been awarded the contract to supply complete twin-screw medium speed propulsion packages for six Anchor Handling Tug Supply Vessels (AHTS). The newbuildings, which will be built by Labroy Shipyard, Batam, Indonesia (Labroy Shipbuilding and Engineering Pte Ltd, Singapore) are to be operated by Swire Pacific Offshore Limited, Singapore. The first newbuilding is expected to be launched in the beginning of 2007
The Canadian Press has reported that Husky Energy Inc. has made a sizeable new hydrocarbon discovery in western section of its White Rose oilfield located off the shore of Newfoundland. The energy firm said Tuesday that current data suggests the discovery could contain a potential recoverable resource of several million barrels of oil. This potential recoverable resource is in addition to the gross proved and probable reserves of approximately 240 million barrels recognized in the White
Singapore Technologies Engineering Ltd (ST Engineering) announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured a S$30m contract to provide detailed design, construction and outfitting of a 228 ft seismic survey vessel for Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly-owned subsidiary of Swire Pacific Limited. Construction is expected to commence in May 2009 and delivery is planned for the second half of 2010
China Navigation Company's (CNCo) four new Chief Class 22,000dwt multi-purpose vessels ordered from Zhejiang Ouhua Shipbuilding Co. Ltd. (Ouhua), on Zhoushan Island in China, will each feature three 60-ton variable frequency drive (VFD) MacGregor cranes and hydraulically-operated MacGregor hatch covers. The order was booked in the second quarter 2013 order intake. The vessels are scheduled for delivery in late 2014 and first quarter 2015 and the contract includes options for an additional
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
Halliburton has signed an agreement with the SPT Energy Group Inc. affiliate, Petrotech (Xinjiang) Engineering Co., Ltd., to establish a joint venture company focused on hydraulic fracturing and production enhancement services in Xinjiang, China. The new company, Xinjiang HDTD Oilfield Services Co. Ltd., will provide fracture stimulation services, including design and analysis, data acquisition, and pumping and chemical services in the Xinjiang Uygur Autonomous Region
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) welcomed its fourth L Class Platform Supply Vessel (PSV), Pacific Liberty at a naming ceremony held in Kyoto, Japan on Tuesday, 3rd February 2015. The naming ceremony was held at Maizuru Shipyard of Japan Marine United Corporation (JMU) in Kyoto. Graced by Lady Sponsor, Mrs Sylvia Maria Z. Pertierra, the wife of Mr Eduardo Pertierra, President of Anscor Swire Ship Management Corporation
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
Singapore's Marco Polo Marine Ltd, whose business includes building and chartering ships, said it has appointed KPMG Services as an adviser to conduct an independent business review of the company. The company, which has S$50 million ($37.19 million) worth of notes maturing on Oct
Topaz Energy and Marine said it has secured contracts in connection with the development of the Tengiz oilfield in Kazakhstan during 2016. The two contract wins announced in the second and third quarter together represent revenue of more than $500 million
Offshore support vessel company Topaz Energy and Marine has been appointed the technical managers of three vessels by a consortium comprising Blue Water Shipping A/S and Kazmortransflot (KMTF), in connection with the TCO developed Tengiz oil field in Kazakhstan.
Two new Wärtsilä designed Anchor Handling Tug Supply (AHTS) vessels were delivered from the Wuchang Shipbuilding Industry Group yard in China during the second week of September. The ships have been built for China Oilfield Services Ltd (COSL)
Shares in Singapore-based oilfield services firm Otto Marine Ltd jumped 37 percent on Thursday after the company received an offer from its majority shareholder to take it private. Executive Chairman Yaw Chee Siew, who owns 61 percent of the company, offered S$0
Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) has agreed to invest in EMAS Chiyoda, a subsea services joint venture between oilfield services firm Ezra Holdings Ltd and Chiyoda Corp. NYK has reached an agreement with Ezra Holdings Limited (Ezra) and Chiyoda Corporation
The wind turbine installation vessel (WTIV), MPI Discovery, has recommenced work at the Rampion Offshore Wind Farm off the south coast of England. Working closely together with Swire Blue Ocean’s Pacific Orca, MPI Discovery will continue with the installation of 116 monopile foundations
Arbitrage opens after ANS discount widen on ample supplies. Unipec, the trading arm of top Asian refiner Sinopec, has bought two U.S. crude cargoes, including a rare purchase of Alaskan North Slope (ANS) for its refineries in China, trade sources said on Friday.
Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term. PESA’s leadership is comprised of experienced industry executives dedicated to advancing
Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation. Swiber shocked markets earlier this week by filing for liquidation, as it faced hundreds of million of dollars in debt and a decline in
Swiber Offshore Construction, part of troubled Singapore oilfield services firm Swiber Holdings, has received an interim court order to halt payment of bank guarantees for projects it was involved in, a stock exchange filing showed.
Ghana began pumping crude from a second offshore field operated by British company Tullow Oil on Thursday, hoping the additional revenue will boost its flagging economy. The Tweneboa, Enyenra and Ntomme (TEN) field expects to average around 23,000 barrels per day (bpd) in 2016
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DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will see the start of a barren period for the offshore OFS and OFE sectors.
Vallianz Holdings, which provides support vessels for the oil industry, said on Wednesday it had refused a request from the judicial managers of shareholder Swiber Holdings to pay around $63.5 million in outstanding dues. Vallianz, in a statement, said Swiber