Oil And Gas Construction News

Inchcape Shipping Services has acquired McKay Shipping Limited's share of ISS-McKay Limited, giving it full full ownership ownership of the joint venture that was set up in 2008to conduct core port agency business in New Zealand.ISS-McKay provides full coverage to the North and South Island of New Zealand through its network of eight port offices and 41 local staff, with market shares in cruise, dry bulk, tanker, liner and ship manager markets.As part of the joint venture, Inchcape Shipping Services established itself as the majority shareholder…

Netherlands-based maritime service company EMAR Offshore Services welcomed a new vessel to its fleet. The Damen ASD Tug 2811, named E-TWO, was ordered in November 2018 with a special request for the installation of an additional FiFi1 system, aft winch and hydraulic crane.This ASD Tug 2811, one of Damen Shipyards Group’s ‘next-generation’ harbor tugs, will be deployed for assisting in the berthing and unberthing of industrial vessels in major ports.Johan van Beek, Managing Director of EMAR Offshore Services…

RSC Bio Solutions, a provider of high performance Environmentally Acceptable Lubricants (EALs) - hydraulic fluids, gear oils and greases - and industrial cleaners and solvents, said it has received OEM approvals for use in Kawasaki Heavy Industries’ Controllable Pitch Propellers (CPP) and side thrusters. The RSC EnviroLogic HF 68 HP was approved for use in Kawasaki Controllable Pitch Propellers (CPP). RSC EnviroLogic HF 68 HP is a high performance, readily biodegradable, synthetic ISO 68 grade hydraulic fluid. Intended for use in severe conditions, including extreme high temperatures (250°F / 121°C), low temperatures (-40°F / -40°C) and high pressure (5000+ psi / 34…

Revenue increased 6 percent to $1.45b from $1.36b a year earlier, as higher offshore oil and gas construction and government revenue offset lower power generation systems revenue. The company said it posted a $68.3m drop in income in its offshore oil and gas construction segment, mainly due to a high-level of unproductive offshore working days for major construction vessels during the 2008 first quarter, because of poor weather conditions and reduced activities in the Caspian region. McDermott said offshore oil and gas revenue rose to $645.9 from $550.3m as fewer activities in the Caspian region were offset by added work in the Middle East and Asia Pacific regions.

Bouygues Offshore and Kazakhoil's Kazakhoilkurylys subsidiary have signed the agreements and the company's by-laws in Almaty between, which each have a 50% interest in a new company dubbed Kazakhoil - Bouygues Offshore, which will be abbreviated as KOBOS. In March 2000, Bouygues Offshore and Kazakhoil began to hold talks about the creation of a joint company and in June 2000 the CEO of Bouygues Offshore, Mr. Le Bouc and the Chairman of Kazakhoil, Mr. Balguimbaev signed a letter of intention for this partnership. The new company has been created to undertake turnkey oil and gas construction and service projects in Kazakhstan. Within its framework…

J. Ray McDermott, S.A., a subsidiary of Houston-based McDermott International Inc., has completed its acquisition of substantially all of the assets of Secunda International Ltd. Those assets include 14 harsh-weather, multi-functional vessels for sub-sea construction, pipe and cable laying and dive support. The $260 million acquisition also includes Secunda’s shore-based operations. “We are pleased to complete this purchase and to begin integrating certain assets into J. Ray’s strong backlog of offshore oil and gas construction projects,” said Bob Deason, J. Ray’s chief executive officer. “With Secunda, J.