OEG Offshore Expands Rental Fleet

Posted by Michelle Howard
Monday, January 27, 2014
John Heiton

Global offshore equipment firm OEG Offshore said it is investing record funds to expand its rental fleet.

The Aberdeen-based company, which provides specialist offshore cargo carrying units (CCUs) and other equipment to the oil and gas industry around the world, has set its 2014 spending budget at $22 million (£13.4m), its highest yet.

The majority of the investment will support international customer demand for OEG Offshore’s comprehensive range of products, including specialist containers, cargo baskets, half heights, waste units, refrigerated containers, tanks, workshops and A60 zoned cabins. 

In a first for the company, a $5m (£3m) portion of the spending has been committed to a fleet of around 200 transportable offshore tanks.  These will include chemical tanks and Jet A-1 heli-fuel tanks, which can safely store and transport aviation fuel, all built to the highest and most modern international standards.

John Heiton, chief executive of OEG Offshore, said, “This significant investment will ensure we continue to provide a full range of flexible and high-quality products to our global customers. Our full range, tailored to the size and specification our customers require to satisfy their operational needs, can be obtained on a sales or rental basis from our 20 bases strategically located around the world.

“This record investment will allow OEG to respond quickly to supply chain demand as the production of global oil and gas increases, supported by one of the largest, most diverse and modern fleets of specialized containers, engineering cabins and other equipment.”

The multimillion pound budget will be strategically invested across Europe, the Americas, Africa, Middle East, Asia Pacific and Australia. OEG offers the same varied range of equipment for sale as well as rental, alongside a bespoke design service.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Daewoo Shipyard Posts Q1 Operating Loss

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects.   First-quarter

Yilport Acquires Sweden's Gavle Terminal

Turkish terminal operator Yilport Holding has gained full control of Gävle’s terminals.   Yilport Holding acquired 100% shares of Gävle Container Terminal (GCT) and Baltic Sea Gateway (BSG).

USCG Foundation Run to Remember Events Announced

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced this year’s

News

Egypt to receive first LNG shipment from Rosneft in May

Egypt will receive the first of five agreed shipments of liquefied natural gas (LNG) from Russia's Rosneft this month, an official at the state gas board EGAS told Reuters on Thursday.

Gard Alert: Is Fuel in your Emergency Equipment Fit for Purpose?

Imagine the following scenario: It is in the middle of winter in the north Atlantic, freezing cold with rough seas, when an emergency onboard a tanker requires the crew to abandon the ship.

China's CNOOC Expands Fujian LNG Terminal

China's biggest liquefied natural gas (LNG) importer CNOOC has started building two storage tanks at a receiving terminal in Fujian province for the super-chilled fuel,

Marine Equipment

ICS Pushing For Balanced Update of York Antwerp Rules

At the Comité Maritime International (CMI) Conference, in New York this week, the International Chamber of Shipping (ICS) will be pressing to ensure that the proposed

Aydin Marine Debuts Multi-Touch K-17T

Aydin Marine – the manufacturer of industry-leading, type-approved displays, computers and peripherals, announced today the release of a 17-inch multi-touch, sunlight-readable

$280m Deal for Pacific Patrol Boats Replacement

The Turnbull Government today signed a contract with Austal Ships Pty Ltd to build and sustain up to 21 steel-hulled vessels to replace the existing fleet of Pacific

Offshore Energy

DNV GL 7 JIPs in North America

In a concerted drive to find smart solutions to safely reduce complexities and cost in the North American oil and gas industry, DNV GL is leading seven new joint

Transocean Posts Quarterly Profit on Cost Cutting

Offshore rig contractor Transocean Ltd posted a quarterly profit, compared with a year-earlier loss, as cost cutting helped counter a slump in crude oil prices.

Skandi Paraty Delivered and On-hire

Skandi Paraty, owned by Norskan Offshore Ltda, has been delivered from the yard and went on-hire on a four years contract with Petrobras.   Skandi Paraty is an AHTS,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1948 sec (5 req/sec)