Ceona Ship Goes to Court Appointed Administrator
UK offshore vessel owner Subsea contractor Ceona has gone into administration, with the loss of 102 jobs. Ceona and Ceona Services (UK) Ltd have been hit by the depressed subsea market caused by the low price of Brent crude oil. The group – a heavy subsea engineering contractor operating in the deep water oil and gas market – has ceased trading and 102 employees will be made redundant from the firm, which was headquartered in London but had offices in Aberdeen and Houston. Ceona provided engineering and project management services to deliver complex subsea construction and pipe laying projects, utilising a fleet of ships. The administrators now intend to take steps to market for sale the assets of the group, including the state-of-the-art flagship Ceona Amazon.
Lloyd Werft to Build Ceona Offshore Construction Vessel
UK-based Ceona contract with Lloyd Werft for the construction of a new multi-purpose offshore vessel, the 'Ceona Amazon'. The Ceona Amazon, based on a drill-ship design, is SPS compliant and equipped with a DP2 system. It will be especially well-suited for operations in remote and challenging locations and capable of laying rigid or flexible pipelines and umbilicals. Ceona has finalised its agreement with Lloyd Werft for the construction of a new high-capacity vessel, the Ceona Amazon, at a signing ceremony in Bremerhaven. Members of the Ceona management team, led by CEO Steve Preston and Chairman John Smith, were joined by a representative from majority shareholder Goldman Sachs Capital Partners, at the contract signing with Lloyd Werft at the Bremerhaven, German shipyard.
OIG Makes Executive Appointments
Offshore Installation Group said that Steve Preston will join the company in the position of Chief Executive Officer and John Smith will join the company as Executive Vice Chairman. Both Steve and John will take up their positions in March 2012. Preston joins OIG from Heerema Marine Contractors where he has been Executive Vice President, Commercial & Technology for the past 12 years responsible for the Group’s worldwide commercial and business development activities. Steve brings over 35 years industry experience to OIG with a strong background in commercial negotiations, engineering and project management. Steve is a past President and active board member of the International Marine Contractors Association.
