Babcock Signs $916M Submarine Infrastructure Deal with UK Defense Ministry
Defense contractor Babcock has signed a four-year £750 million (~$916 million) contract with the UK Ministry of Defence’s (MOD) Submarine Delivery Agency (SDA), to deliver the infrastructure required to support and sustain the UK’s submarines for decades to come.As part of the major infrastructure program underway at the Devonport site, Babcock said it would deliver substantial upgrades to existing infrastructure that will support the future capability of the Royal Navy and the…
KNOT Offshore CEO/CFO John Costain Steps Down
UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership."Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019," said a press release from the publicly-traded master limited partnership, which , operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil."This ensures that the Board has sufficient time to find a suitable replacement to Costain when he steps down," it added.The release quoted Trygve Seglem, the Chairman of the Board as saying: "On the behalf of our board, I would like to thank John for his significant contribution and dedication to KNOP.
Mammoet Wins Costain Partner of the Year
Engineered heavy lifting and transport company Mammoet won the Costain “Achieving Excellence” Award for Supply Chain Partner of the Year 2013. On February 6, a team representing Mammoet attended the annual Costain Awards Ceremony. The company had been nominated for this award on the back of their continued excellence during the execution of the Evap D Project at the Sellafield Nuclear site. Mammoet received the award for their contribution in the construction of a new evaporator unit at the nuclear reprocessing site of Sellafield…
Costain Completes EPC Offshore Acquisition
Aberdeen-based specialist oil and gas project management services company EPC Offshore has been acquired by Costain, a U.K. Tier One engineering solutions providers. The deal marks the launch of Costain Upstream, a new divisional operation combining EPC Offshore’s capabilities with ClerkMaxwell, the oil and gas engineering and support services provider which was acquired by Costain in 2011. Costain Upstream, which will comprise a resource pool of over 350 people and provide services across the life-cycle of upstream offshore oil and gas assets, will deliver engineering, capital projects and asset support services across four principal service lines: field development, subsea facilities, topside facilities and floating systems.
MarAd Approves Vessel Sale and Transfer
The Maritime Administration (MarAd) has approved a vessel sale and transfer under section 9 of the Shipping Act, of 1916, as amended. MarAd has given approval to Dewey Seymore & Associates, of Folsom, California, to sale the deck barge EM1005, to China Harbour - Costain Mexico S. de. R.L .de. C.V., Mexico and transfer of said Vessel to Mexican registry and flag. The deck barge was built by Bollinger Marine Fabricators and has a gross tonnage of 1072.
