Strachan News

Houlder, the design and engineering consultancy, is collaborating with Blue Sea Power, an integrated energy solution provider as a gas-to-power company based in Athens, to develop three innovative floating LNG-to-power barges (FSRPs).According to the partners, the FSRP barges, which are set to be operational by 2025, will efficiently provide greener, lower emission baseload and peak power to the non-interconnected islands of Kos, Chios, and Lesvos. This power will be used when existing renewable solar and wind energy utilization reaches its technical limits.

In the early morning hours of September 26, 2022, seismologists located throughout northern Europe detected two disturbances originating in the Baltic Sea that were consistent with underwater explosions. Within hours, an aerial image captured by a passing Danish F-16 showed an expanse of frothy seawater, suggesting that the Nord Stream 1 and Nord Stream 2 gas pipelines had experienced a catastrophic event. Within days, an investigation by the Swedish Security Service concluded that both pipelines had sustained extensive damage due to an act of gross sabotage.

Oil is in an early bull run despite the notion prices have rebounded too fast, too soon, hedge fund manager Jonathan Goldberg says as his energy-focused investment fund posts a 9 percent gain in the first quarter of this year. "Yes, the market is not as short as it was when prices were $26 (a barrel)," Goldberg, manager of the energy-focused $550 million BBL Commodities Value Fund in New York, told investors in a quarterly letter seen by Reuters on Monday. "But we think the attention around the short-covering in the oil market may be overstated," the former Goldman Sachs trader wrote. Goldberg is one of the better performers among energy hedge fund managers this year.

The CFO of Houston-based National Oilwell Varco Inc. (NOV) is stepping down to become CEO of Transocean Ltd. (RIG), one of NOV’s largest customers. Effective April 22, Jeremy Thigpen will become CEO of Switzerland-based Transocean, which has its main U.S. office in Houston. Thigpen succeeds Ian Strachan, who had been serving as interim CEO since Steven Newman stepped down in February. Strachan, who is also the company's Chairman of the Board of Directors, will retire from the Board at the end of his term at the 2015 Annual General Meeting following approximately 16 years of service. Prior to joining Transocean, Thigpen spent his career in various roles at  NOV and has served since 2012 as NOV's Senior Vice President and Chief Financial Officer.

Transocean Ltd. informs that at its recent Extraordinary General Meeting Merrill A. "Pete" Miller, Jr. was nominated as a director and the Board intends to designate him as vice-chairman, with the expectation that he will succeed present chairman Ian C. Strachan in due course. Ian C. Strachan, the current Chairman of the Board, will reach 72 years of age before the 2015 AGM. As previously announced, and in accordance with the company's Corporate Governance Guidelines, it is anticipated that Mr. Strachan will retire from the Board at the end of his term at the 2015 AGM. The Board currently expects to recommend that shareholders elect Mr. Miller as Chairman at the 2015 AGM.

InterMoor UK Operations, part of Acteon’s foundations and moorings business, says it has completed seven years and more than 2,300 projects without a single lost-time incident (LTI). The safety record includes the companies comprising InterMoor UK Operations – InterMoor Ltd, InterMoor Marine Services Ltd and ChainCo – and operations at three bases, five storage yards and numerous quayside locations where operations have been both in the UK and globally. Alan Duncan, managing director of InterMoor UK Operations, said, “Providing safe working environments and high-quality training for employees are vital for InterMoor. This milestone highlights the extent of our commitment to safety and the professionalism of our staff.

Transocean Ltd. Assuming Miller is elected by shareholders at the EGM, the board intends to designate him as Vice Chairman. Transocean explained that Ian C. Strachan, the current Chairman of the Board, will reach 72 years of age before the 2015 Annual General Meeting (AGM). In accordance with the company's Corporate Governance Guidelines, it is anticipated thathe will retire from the board at the end of his term at the 2015 AGM. The board currently expects to recommend that shareholders elect Miller in his place as Chairman at the 2015 AGM. Miller is the Executive Chairman of NOW Inc., a spinoff of the distribution business of National Oilwell Varco, Inc., a supplier of oilfield services and equipment to the oil and gas industry.

Leading ship supplier Hutton’s Group says it has strengthened its Aberdeen logistics team with the appointment of a new Branch Manager, Kirstene Wilson, who starts work at the firm’s Sinclair Road depot, having completed a week’s induction training at Hutton’s head office in Hull. Hutton’s Managing Director Alex Taylor said: “I am pleased to welcome Kirstene to the Hutton’s Group and believe her knowledge of the Aberdeen shipping sector will be a great asset to our busy branch, which specialises particularly in supplying the growing offshore industry.” The Company adds that Ms Wilson brings to her new role years of experience in both the retail, wholesale and logistics sectors, having worked previously for Makro and Strachan’s.

Shareholders have approved a dividend of $3.00 per share (or approximately $1.1 billion in the aggregate (based upon the number of currently outstanding shares), out of additional paid-in capital and most other proposals at the 2014 Annual General Meeting, inform Transocean. The Board expects that the dividend will be payable in four quarterly installments set for June 2014, September 2014, December 2014 and March 2015. In addition, shareholders elected all director nominees and all compensation committee nominees, and confirmed Ian C. Strachan as Chairman of the Board of Directors. The Board's authority to issue shares out of authorized share capital for a new two-year period. This authority is limited to approximately six percent of the company's currently issued share capital.

In a letter to shareholders chairman, Ian C. Strachan and Steven L. Full year 2013 net income attributable to controlling interest was $1.4 billion on total revenues of $9.5 billion, increases versus 2012. During the year we added approximately $7.9 billion in backlog, including a five-year contract with Chevron for the newbuild ultra-deepwater drillship, Deepwater Conqueror, to be delivered in the second quarter of 2016. Our industry-leading backlog of over $27 billion provides…

This morning, the RCMP along with partners from the Toronto Police Service and the Ontario Provincial Police detailed circumstances that led to the arrest of 53 year old Qing Quentin Huang of Toronto. Mr. Huang has been charged under the Security of Information Act with two counts of attempt to communicate to a foreign entity information that the Government of Canada is taking measures to safeguard. On Thursday, November 28, 2013, the RCMP was informed that Mr. Huang was taking steps to pass sensitive information to authorities from the People’s Republic of China. The information relates to certain elements of the Government of Canada National Shipbuilding Procurement Strategy which includes patrol ships, frigates, naval auxiliary vessels, science research vessels and ice breakers.

Norwegian software company Tero Marine developed a new solution that they say will reduce workload and help improve safety for offshore divers. “It has enabled us to reduce the time we spend on reporting by 75 percent, increasing our ability to be more cost efficient,” said Allan Strachan of diving contractors Harkand ISS. Safety was one of the key drivers when Tero Marine and Harkand ISS joined forces to develop a new IT solution for dive services. TM Dive is the first solution of its kind available to everyone in the offshore sector. The solution automates legally required reporting of dive system maintenance and certification. Marketing Manager Inghild Arnesen of Tero Marine explained that efficiency and safety tend to go hand in hand in the offshore industry.

The Board of Directors of the company elected Ian C. Strachan to serve as Chairman of the Board effective May 18, 2013. Mr. Strachan replaces J. Michael Talbert who was not re-elected at the company's annual general meeting held on May 17, 2013. Mr. Strachan has served as director of the company since December 1999. Most recently, he served as chairman of the Finance Committee of the company as well as serving on the Corporate Governance Committee of the company. The Board believes that Mr. Strachan has relevant senior management experience in the energy sector and other business sectors, including Chief Executive Officer and chairman positions in international companies. Mr. Strachan formerly served as chairman of Instinet Group Incorporated.

InterMoor UK Operations, part of Acteon’s foundations and moorings business, has operated for more than five years without a lost time incident (LTI). InterMoor UK Operations includes Acteon companies InterMoor Ltd, InterMoor Marine Services Ltd and ChainCo. This is an extremely significant achievement for a business that has conducted more than 2,000 projects during the period from three bases, five storage yards and numerous quayside locations in the UK and internationally.

Wrist Ship Supply, one of the world’s largest ship supply companies, today announced the acquisition of Strachans Ltd, the UK’s leading independent food distributor to the offshore catering market. This represents Wrist’s sixth deal in less than two years following acquisitions in Europe, America and Canada. The agreement combines Strachans’ specialist offshore market knowledge with Wrist’s global network, worldwide infrastructure and financial strength and provides the foundation…

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that the Board of Directors is recommending that the company's shareholders approve at the 2011 Annual General Meeting the election of Steve Lucas as a Class III Director for a three-year term. Mr. Lucas is the retired Group Finance Director of National Grid plc and has previously served in a variety of finance roles with the Lattice Group plc., the BG Group plc and Royal Dutch/Shell. -- The re-election of Ian C. Strachan and Martin B. McNamara as Class III Directors for three-year terms. -- The election of Jagjeet S.

The Containerization & Intermodal Institute (CII) will present the 2010 East Coast-based Connie Awards to J. Russell Bruner, Chairman and CEO of Maersk Inc. and James I. Newsome III, President and CEO of the South Carolina State Ports Authority. The evening event on Tuesday, December 7 at The Newark Club will also commemorate the 50th anniversary of CII. The Newark Club event is in addition to the West Coast-based Connie Awards on September 30 in Long Beach, CA, honoring Ron Widdows and Jon Hemingway. CII holds two Connie events each year to accommodate industry leaders on both coasts. Each recipient is being honored for his significant influence in containerization in worldwide trade and transportation, according to Allen Clifford, CII President.

Twenty-four prominent shipping industry executives have been elected as new Members of ABS bringing the classification society's worldwide membership to 817. The members, each eminent in their maritime field of endeavor, provide broad governance and oversight of ABS. Members are drawn from various sectors of the marine, offshore and related industries worldwide. Timothy J. Lawrence R. James J. John R. RADM. Robert C. Vittorio Portunato, Managing Director, Portunato & C.S.R.L. John F. Reinhart, CEO, Maersk Line. William J. H. W.

Management Dynamics announced the executive-level appointments of Albert Cooke as director of sales operations and Tom Wyville as director of mid-Atlantic sales. Cooke will be responsible for assisting the company's regional sales directors in direct selling efforts as well as managing the company's indirect channel. Wyville will be responsible for selling the company's Rate Explorer solution to importers, exporters, and transportation intermediaries in the Mid-Atlantic region. Today's appointments represent the fifth and sixth hires in as many months as Management Dynamics continues to build out its sales team to deliver contract automation solutions to the global importer, exporter, and NVOCC markets.

When Austal Ltd. of Henderson, Western Australia, started looking last year for a CEO to lead its U.S.-based operations, the job description must have been daunting. They wanted a leader to take the helm of their newly built shipyard in Mobile, Ala., and turn it into a major contractor for both military and commercial vessels in the United States. Austal had recently entered the U.S. market for the first time, intent on competing with higher-profile rivals such as Incat/Bollinger, Derecktor Shipyards and Kvaerner. The company settled on Alan Lerchbacker, 50, an energetic former Navy Aquanaut with a business background, who took the position in February 2002. Lerchbacker had never heard of Austal until a headhunter contacted him.

Aker Kvaerner Offshore Partner, headquartered in Aberdeen, is to open a satellite office in Stockton-on-Tees, UK. The office will be responsible for a range of upstream oil and gas projects, and modification work. The office is located within the existing Aker Kvaerner premises at Ashmore House, Stockton-on-Tees and will be operational from January 2006. "In addition to servicing work arising from current and future clients, Aker Kvaerner intends to develop the office as a center of engineering excellence to execute cross-border work for our Norwegian sister companies and clients," said Richard Strachan, operations director with Aker Kvaerner Offshore Partner Ltd. Based in Stockton for more than 100 years, Aker Kvaerner has a long-standing commitment to the Teesside area.