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
Libya's Sarir oilfield has been closed and the Messla field has cut production because tanks at the eastern Hariga port are full, an oil official said on Tuesday. "The production of the Sarir oilfield is zero because it has been closed as the stores of Hariga oil Port are full enough," a spokesman for state-run oil firm AGOCO said. Reporting by Ahmed Elumami
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
China expressed anger on Wednesday after a senior British official said a ruling expected within a few months in an international arbitration case the Philippines has brought against China's South China Sea claims must be binding. Hugo Swire
Norwegian oil major Statoil plans to cut the estimated cost of developing its Arctic Johan Castberg oilfield by another 4 billion Norwegian crowns ($491.53 million), project director Erik Strand Tellefsen told an energy conference on Wednesday.
OSV@Vivo has been taken to the heart of the Singapore public with an anticipated 4,000 visitors, expected to throng the two state-of-the-art Offshore Support Vessels (OSV) “Pacific Legacy” and “VOS Prince” moored at local shopping mall Vivocity Waterfront Promenade from 21
A top U.S. official on Thursday said China's land reclamation and militarisation in the disputed South China Sea was raising tensions and serious questions about its intention. On a visit to Vietnam, U.S. Deputy Secretary of State Antony Blinken said Washington would continue to play a
Azeri Light oil loadings from the Turkish port of Ceyhan are expected to increase to 695,000 barrels per day in January from 603,000 bpd in December, a loading programme showed on Wednesday. The supplies fell in December due to a planned maintenance at an oilfield in Azerbaijan.
Oilfield services company Halliburton's proposed $35 billion acquisition of rival Baker Hughes Inc will likely close in 2016 instead of this year as talks with U.S. regulators continue, a Halliburton executive said on Wednesday. The companies have already agreed to divest $5
Norwegian oil major Statoil plans to develop its Arctic Johan Castberg oilfield after having cut costs by half, with a decision on investments in 2017, its chief executive said on Tuesday. Worried by high costs of operating in the remote Arctic Barents Sea
Tullow not for sale but could be take-over target - COO. Amid one of the deepest oil price crashes in history, Britain's Tullow Oil is sending one of the world's biggest floating deep-water oil production platforms to West Africa to pump crude for at least 20 years.
Oilfield services giant Schlumberger is entering Ophir Energy’s Fortune floating liquefied natural gas (LNG) project off Equatorial Guinea after agreeing a preliminary deal with the UK player for a stake in the development.
Swire Bulk, the dry bulk operating arm of The China Navigation Company (CNCo), opened an US Atlantic desk in the City of Miami, Florida, United States, on 25 January 2016. This new desk, headed by Ronald Cellucci, Swire Bulk’s newly appointed Regional Office Manager for Atlantic North
Tidewater Inc. (NYSE:TDW) leading provider of Offshore Service Vessels, announced that its Board of Directors has approved management's recommendation to suspend Tidewater's quarterly dividend and common stock repurchase program. The dividend and share repurchase program suspension is
Intertek has enhanced its sample cylinders services with the aim of providing further cost savings for clients. Sample cylinders are used by offshore chemists to transport live crude, gas and water samples from offshore to onshore laboratories for testing
Russian oil producer Rosneft said on Thursday that around 15 tonnes (110 barrels) of oil spilled off from an idled pipeline on the Pacific island of Sakhalin, while local ecologists say the scale of disaster is far larger. Rosneft said the spill occurred on Wednesday at the Ekhabi
Norway’s Statoil ASA has decided to end its contract with a drilling rig operated by China Oilfield Services Limited, or COSL, three months after a worker died when the rig was hit by a wave during a storm in the North Sea.
Commodity prices at multi-year lows drove a rise in defaults early this year, and the oil sector could see still more unprofitable fields shut, industry analysts said on Wednesday. Debt defaults in the commodity sectors rose in the first two months of 2016 from the same period a year ago