UTEC Announces Acquisition of Geomarine Ltd

Press Release
Monday, December 03, 2012

Leading independent offshore survey company UTEC has announced the acquisition of Geomarine Ltd.


UTEC – which is based in Houston, Texas and has offices around the world including Aberdeen, Scotland – has acquired Geomarine Ltd which is headquartered in Newcastle-upon-Tyne with operational offices in Bath, England and Singapore.


The move will capitalize on a natural and highly complementary fit between the two companies, providing a unique opportunity to enhance and increase the range of services offered.  Commenting on the acquisition, UTEC CEO Martin O’Carroll said: “The addition of Geomarine to our team marks a significant step forward in the UTEC group’s overall growth ambitions. Geomarine will add focus to and consolidate our global geotechnical capabilities and increase our service offering significantly.”


Geomarine Ltd managing director Peter Allan, who will continue to head the company, added: “This transaction opens up a new field of possibilities for our staff and clients.  UTEC has a global presence in the survey industry and will allow Geomarine to support clients more effectively, wherever they are located.  “UTEC will be investing in Geomarine, enabling us to grow the business and offer a wider range of services.  We believe this will be to the benefit of our clients and look forward to working with them closely to continue to assist their business.”


Geomarine Ltd is a geotechnical engineering company providing expert consulting and specialist equipment services to a broad range of clients in the offshore oil and gas, power and telecom cables and renewable energy industries.


UTEC is one of the world’s largest independent offshore survey companies and provides a wide range of survey services including offshore positioning and construction support, geophysical and AUV surveys, dimensional control surveys, laser scanning and modeling, and geotechnical sampling.  UTEC has offices located around the world including: Houston, Aberdeen, Rio de Janeiro, Calgary, Perth, Singapore, St. John’s, Naples and Dubai.

 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

British Queen to Name New Ship

Queen Elizabeth II will christen P&O Cruises’ new flagship Britannia in Southampton, England, on March 10. She will be accompanied by her husband, Prince Philip, the Duke of Edinburgh.

Zamakona Yards' Commitment to Well-being

Recently employees of Zamakona Yards participated in a training course for maintaining Health, Safety and Environment (HSE). The theoretical practice focused on working at heights,

GasLog Post 4Q 2014 Results

GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31,

Offshore

Hercules Offshore Shares Fall 33%

Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Mexico Approves 5 Shallow Water Areas in Round One Oil Tender

Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields,

Ports

Container Ship Runs Aground at Fremantle Port

A ship that ran aground at Fremantle Port early Saturday has been refloated. The 62,000-tonne Denmark-registered container ship Maersk Garonne became stuck in soft sand about 500m off South Mole.

Chassis Pools for Port of Long Beach

Three companies that own the vast majority of chassis serving the San Pedro Bay ports are on track to activate a “gray chassis fleet” of truck-trailers on March 1,

More Floating Accommodation for Lerwick

An accommodation ship, the SNAV Toscana is due at Lerwick on or around 6 March 2015 to supplement the floating accommodation at the port. Formerly operated as an Italian ferry,

Energy

GasLog Post 4Q 2014 Results

GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31,

Petrobras Downgrade Shakes Market

Moody's shocked bond investors this week with a surprise two-notch downgrade that put Brazilian oil company Petrobras in junk territory. The move was seen by some investors as overly assertive,

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Surveyors

ClassNK Updates Guidelines for Floating Offshore Facilities

ClassNK released a new version of its Guidelines for Floating Offshore Facilities for LNG/LPG Production, Storage, Offloading and Regasification.   Available on the ClassNK website,

Egypt Bullish on New Suez Canal expansion

The Egyptian government is pressing ahead with the first major expansion of the canal in almost 150 years, to allow ships to pass north and south concurrently, reports Telegraph.

Norway-India Partnership in Polar Research

India and Norway closer to one another in questions related to Polar Research and a new proposal for polar research co-operation is on the anvil, reports Press Trust of India.

Mergers & Acquisitions

VLCCF - 4Q & FY 2014 Results

Knightsbridge Shipping Limited ( VLCCF ) reports net income of $5.2 million and earnings per share of $0.06 for the fourth quarter compared with a net loss of $6.

NMM lines up Box Buy

Navios Maritime Partners L.P. (NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration,

SpeedCast Acquires Geolink Satellite Services

SpeedCast International Limited announced the acquisition of Geolink Satellite Services, part of the CETel Group. The closing of the transaction is subject to regulatory approval.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3813 sec (3 req/sec)