Energy Services Group News

Italy's Saipem on Wednesday confirmed its 2022 guidance and the targets in its business plan after the energy services group reported a first-half adjusted core profit of 321 million euros ($325 million).Investors this month agreed to fund only 1.4 billion euros of a life-saving 2 billion euro cash call, leaving the underwriting banks to mop up the remaining new shares.

Australian energy services group Three60 Energy  has acquired Aberdeen-based North Sea Construction and Commissioning (NSCC) for an undisclosed sum. This is now the fourth company to be added to the fast-developing energy services group which now employs over 320 people.Established in 2017, NSCC specialises in the provision of construction, mechanical completion and commissioning support services for the offshore and onshore oil and gas industry, whose focus is on maximising safe and efficient delivery in both the North Sea and overseas.The company has established a track record covering all aspects of topsides infrastructure construction and campaign delivery covering heavy-lift…

France-Corsica ferry operator SNCM has suspended payments to creditors and will file for court protection on Tuesday, the firm said in a statement late on Monday. Majority-owned by public transport firm Transdev, which is owned by water firm Veolia and French state bank CDC, SNCM said its management would now focus on finding a buyer for the firm. The court protection procedure will effectively mean the end of loss-making SNCM, which is unable to repay 440 million euros ($550 million) of illegal state aid as ordered by European Union competition authorities. Shipping companies could buy some of its ferries and take over part of its 1,900-strong staff to continue the key Marseille-Corsica lines, but other routes are expected to be discontinued.

France-Corsica ferry operator SNCM will file for court protection next week, a source close to the company told Reuters on Wednesday, which will clear the way for its shareholder Veolia to restructure its transport division. Water and waste firm Veolia and the French state, which together control SNCM, have said court protection from creditors is the only way to shield the loss-making ferry operator from two separate European Union state aid repayment claims totalling 440 million euros.

Maritime Communication Partner (MCP), a global provider of onboard communications solutions, has announced the recruitment of two highly experienced senior executives to lead its dedicated Offshore and Cruise and Ferry Business Units. Tom Lowehr, until recently the Head of Program Management at Astrium Business Communication, has joined as Senior Vice President (SVP) of the newly launched Offshore business unit, while Lars Munkso, formerly of US stock-listed energy services group Cameron, becomes SVP of the Cruise and Ferry business unit.

International oilfield specialist Glacier Energy Services confirmed the acquisition of Aberdeen-based Ross Offshore in a multi-million pound deal, further extending its onsite specialist technical support offering to the energy industry. The purchase sees Glacier Energy Services establish an offshore division headquarters at Ross Offshore's modern facility at Peterseat Drive in Aberdeen. Following the acquisition, Glacier has a combined turnover of more than £15million, with a global staff of 110 people across its operational hubs in Glasgow…

Jaya Holdings appoints George Horsington as the company’s first President for Business Development. Jaya Holdings is a leading Offshore Energy Services Group, headquartered in Singapore. The Jaya Group provides a wide range of services and solutions to the offshore oil and gas E&P domain. Mr Horsington, 38, is set to join Jaya on September 6, 2012 after more than 10 years in various senior management positions with Swire Pacific Offshore Operations. The new position is an executive…

Organizational announcement -  NAM Marine - Regional Energy Solutions Manager. Energy efficiency is recognized as a global mandate by governments, maritime organizations & business, and has become a key driver of growth for ABB Marine & Cranes. Opportunities in energy efficiency increasingly require that we offer our clients innovative solutions combining ABB products and other elements from across the marine industry. ABB Marine & Cranes BU has organized a worldwide Marine Energy Services group and as part of this global initiative, they have announced that Eric W.

It is little secret that as offshore oil production moves further from shore, the boats that service these offshore units must be bigger, stronger and more capable than their ancestors. Here's a peak at emerging technologies and the boats that house them. The technology to cost efficiently discover and recover oil and gas in increasingly deeper part of the Gulf of Mexico has quickly led to the development of bigger, stronger and more ruggedly equipped Offshore Service Vessels, not only on drawings boards but operating on the waterways. The discovery of oil and gas fields such as Auger, Marlim and Mars, have among others, highlighted the vast potential for drilling success and the inadequacy of the current fleet of OSVs to perform the job as cost effectively as possible.

Subsea 7, the new company formed as a result of the combination of Halliburton Subsea, a business unit of Halliburton's Energy Services Group, and the subsea activities of DSND Subsea ASA (OSE:SFJ), officially started trading. The company already has a worldwide order book in excess of $800 million, firmly establishing it as a global service provider for subsea engineering and construction, and is poised to win additional business from projects it is currently bidding. The company was formed by the two parties contributing all tangible assets associated with their subsea businesses as well as leases, on-going contracts and intellectual property. It will have offshore operations supported out of the UK, Norway, Singapore, Brazil, United States and the Caspian.

Halliburton’s Energy Services Group was awarded a contract to provide its EZ-Gauge monitoring system technology on projects for Petrobras in Brazil. “Petrobras selected the EZ-Gauge system technology because it provides a cost-effective, accurate pressure data collection system that is free of downhole electronics,” said Cidar Mansilla, operations manager, Latin America South, Halliburton. “The reliability and longevity of the system is significantly greater most other monitoring technologies.” The EZ-Gauge system is designed to reduce cost, improve reliability and improve longevity over conventional electronic systems, particularly in downhole environments exceeding 300 degrees Fahrenheit.

Halliburton announced that net income in the first quarter of 2006 was $488m, or $0.91 per diluted share, compared to net income of $365m, or $0.72 per diluted share, in the first quarter of 2005. Net income in the first quarter of 2006 included income from discontinued operations of $7m after tax, or $0.01 per diluted share, primarily related to the operations of KBR's Production Services group, which is expected to be sold in the second quarter of 2006 with a pretax gain of approximately $100m. Net income in the first quarter of 2005 also included income from discontinued operations of $6m after tax, or $0.01 per diluted share. Income from continuing operations in the first quarter of 2006 was $481m…