Marine Link
Wednesday, January 17, 2018

Superior Offshore News

Superior Offshore Names Weinhoffer as VP

Superior Offshore International, Inc. has appointed David Weinhoffer to serve as its Vice President of Business Development effective immediately. With over 25 years of oilfield-related and international marine operations experience, David Weinhoffer is a tremendous addition to Superior Offshore International’s executive management team. As Vice President of Business Development, Weinhoffer will oversee and manage the day-to-day operations of Superior Offshore International’s Sales, Marketing and Commercial departments.

Superior Offshore Shares Plunge

Shares of Superior Offshore International Inc., plunged after the company delayed filing its third-quarter financial statement. Superior Offshore shares dropped 77 cents, or 9 percent, to close at $7.83, after plunging 24 percent to $6.56 earlier in the session. The stock has dropped more than 40 percent since its initial public offering priced at $15 in April. In a Securities and Exchange Commission filing, Superior Offshore said the third-quarter filing was delayed as the company determines whether it is required to reclassify long-term debt as current debt. Superior Offshore said the reclassification may be necessary under the terms of a waiver from a lender related to defaults on the company's senior secured term loan facility.

Superior Offshore International Names Patrice Chemin as COO

Superior Offshore International, Inc. a leading provider of subsea construction and commercial diving services on the outer continental shelf of the Gulf of Mexico, has named Patrice Chemin as its Chief Operating Officer, or COO, effective immediately. With over 35 years of oilfield-related and international marine construction experience, Chemin is a tremendous addition to Superior Offshore International’s executive management team.

Superior Offshore Relocates HQ

Superior Offshore International, Inc. completed the relocation of its corporate headquarters from Lafayette, Louisiana to Houston. The company's new corporate offices are located downtown at: Superior Offshore International, Inc. 717 Texas Avenue, Suite 3150 Houston, TX 77002 Phone: 713-910-1875

Tidewater Eyeing Superior Offshore Assets

The CEO of Tidewater Inc said his company is evaluating assets from Superior Offshore International which last week warned of limited liquidity, Reuters reported said the process was in the very early stages for Tidewater, which is the world's largest provider of offshore supply boats to the energy industry. On April 1, Superior Offshore, which provides subsea construction and commercial diving services, said it hired the investment back of Tudor, Pickering, Holt & Co. to explore strategic alternatives, including a possible sale. Source:  Reuters

Superior Offshore International Announces 1Q Results

Superior Offshore International, Inc. , a leading provider of subsea construction and commercial diving services on the outer continental shelf of the Gulf of Mexico, announced operating results for the quarter ended March 31, 2007. The Company reported total revenues of $54.3 million for the first quarter of 2007, compared with revenues of $49.4 million in the prior year's first quarter, an increase of 10 percent. Revenues for the first quarter of 2007 exceeded the estimate included in the Company's Prospectus relating to its initial public offering completed on April 25, 2007.

George Tech Div Manager at HB Rentals

Photo courtesy Foster Marketing Communications

Accommodations specialist, HB Rentals, a Superior Energy Services company, has named Clayton George Technical Division Manager, announced President Deidre Toups. In this role, George will manage project teams for the design of modular offshore living quarters and will be based in the company’s Broussard, La., office. George has extensive industry experience in project management and previously served in this capacity for DPS Delta; Berard, Habetz & Associates; Superior Offshore; and Delta Compression & Equipment.

Hornbeck Offshore to Acquire Superior Achiever

Hornbeck Offshore Services, Inc. announced today that it has entered into a definitive asset purchase agreement with Superior Offshore International, Inc, a subsea construction and commercial diving services company, to acquire the Superior Achiever, a T-22 class DP-3 new generation multi-purpose support vessel and related owner-furnished equipment, currently under construction at Merwede Shipyard in Holland with an anticipated fourth quarter 2008 delivery. Merwede Shipyard is also building for Hornbeck the HOS Iron Horse, a T-22 class DP-3 MPSV of the same design, with an expected fourth quarter 2009 delivery. With the pending acquisition of the Superior Achiever, the Company's MPSV program now consists of four vessels.

Brunswick Introduces New 1200 Impact RHIB

Brunswick Commercial and Government Products recently introduced a new full cabin version of its popular 1200 Impact RHIB. Just shy of 40” in length with a 10'8" beam, the 1200 features a deep-V fiberglass hull for superior offshore performance and a commercial grade inflatable polyurethane collar for enhanced lateral stability and hull protection in boarding situations. The full cabin model offers weather protection for a crew of four. Other notable options include climate control, SHOX shock mitigating seats and a choice of outboard or jet propulsion.

Kongsberg Delivers Offshore Ops Simulator

Superior Energy Services of Houston, Texas, took delivery of one of the most advanced maritime training simulators ever developed, in April 2012. The next-generation simulator from Kongsberg Maritime will be used to provide integrated, real-time training for Superior’s offshore marine personnel at its new facility in Anchorage, Alaska. Under the terms of the contract, signed September 2011, Kongsberg Maritime supplied Superior Energy Marine Technical Services with a full mission trainer in support of critical operations including ship bridge maneuvering and navigation…

PetroCom Launches VSAT System

PetroCom’s new Very Small Aperture Terminal (VSAT) satellite communication system is structured around private communication networks. Built with the newest technologies and equipment, this system is designed to offer the ability to turn bandwidth on and off, re-allocate bandwidth or schedule increased bandwidth as business needs change. Recently, PetroCom signed agreements to provide VSAT voice and data services for Onyx Special Services, Superior Offshore International and Tetra Applied Technologies. Last month, Helix Energy Solutions tapped PetroCom to provide VSAT services for its offshore fleet. Multiplex VSAT communication networks with speeds from 64 to 512K are available for fixed and stabilized applications.

Odyssea Marine Releases Information on Vessel Fire

On August 11, the M/V Odyssea Voyager, a 195-ft. dive support vessel owned by Odyssea Marine, Inc., and operated by Odyssea’s North Bank Towing Division, was severely damaged by fire the cause of which is not yet known. Located in West Delta Block 35, the Voyager, in a four-point mooring configuration, was supporting diving operations of Superior Offshore International, Inc., when flames were noticed in a compartment in the bow section of the vessel. As the crew fought the flames, the fire spread and eventually engulfed the main cabin of the vessel. There were 40 people on board, including 26 passengers and 14 crew members, all of whom abandoned ship, and were brought to safety.

Tech File: Bulk Barge Cargo Transfer Systems Solution

Pontchartrain Materials Company finds innovative solution for barge unloading applications. Located in New Orleans, La., Pontchartrain Materials Corporation, LLC provides aggregates to general contractors as well as asphalt and ready-mix companies. In addition to their chief product, limestone, the family-owned company sells recycled concrete and recycled asphalt. Pontchartrain sources the material from quarries in northern states, transferring it down the Mississippi River by barge to one of three company aggregate yards or directly to customers in the New Orleans and surrounding area.

Canadian Superior Acquires Offshore Acreage

Canadian Superior Energy Inc. acquired two major exploration licenses offshore Nova Scotia from the Canada-Nova Scotia Offshore Petroleum Board. It has been advised by the Canada-Nova Scotia Offshore Petroleum Board that Canadian Superior was successful in acquiring two large offshore drilling licenses totaling 822,000 acres offshore Nova Scotia at the Canada-Nova Scotia Offshore Petroleum Board's November 1, 2001 Land Sale (See Canadian Superior's website at www.cansup.com to view "Offshore Nova Scotia Maps" and location of new lands and proposed industry wells). Company President Greg Noval said that the two licenses named the "Mayflower"…

Rowan, El Paso and Canadian Superior Announce Contracting of Rowan Gorilla V

Rowan Companies, Inc., El Paso Oil & Gas Canada, Inc., an indirect subsidiary of El Paso Corporation, and Canadian Superior Energy Inc. announced the contracting of the Rowan Gorilla V for the initial drilling of El Paso's and Canadian Superior's Marquis Natural Gas Project Offshore Nova Scotia. "The Rowan Gorilla V is one of the largest jack-up drilling rigs operating in the world and in association with Canadian Superior, we are very pleased to see this contract awarded to Rowan," said Harvey Klingensmith, President of El Paso Canada. The Gorilla V is the first of a series of Super Gorilla class jack-ups capable of drilling and producing simultaneously in water depths up to 400 feet in harsh environments like offshore Eastern Canada.

New CEO, Co-CEO to Lead MHI Vestas Offshore Wind

Photo: Vestas Wind Systems A/S

Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems (Vestas) have appointed Philippe Kavafyan to Chief Executive Officer (CEO) and Lars Bondo Krogsgaard to Co-Chief Executive Officer (Co-CEO) of MHI Vestas Offshore Wind. The appointments will take effect on 1 April, 2018, and are made in accordance with the joint venture agreement's principle of changing its leadership every four years. Under the leadership of out-going CEO Jens Tommerup and Co-CEO Tetsushi Mizuno, MHI Vestas Offshore Wind has established itself as a leading player in offshore…

SBM Offshore Hands over FPSO Turritella to Shell

Turritella (Photo: Shell)

SBM Offshore said it has completed the transaction related to the sale of floating production storage and offloading (FPSO) vessel Turritella to Shell E and P Offshore Services B.V.   Shell exercised an option to purchase the FPSO from SBM Offshore in summer 2017.    The Turritella FPSO is contracted for the Stones deepwater development in the Gulf of Mexico, which began production in 2016.   The vessel has a daily production capacity of approximately 60,000 barrels of oil and 15 million cubic feet of natural gas.

Parker Terminates Deal

Parker Drilling Company and Superior Energy Services, Inc., have jointly agreed to terminate their merger agreement, in which Parker was to acquire Superior in an exchange of stock. In connection with the termination, Superior will make a cash payment to Parker in settlement of certain obligations under the merger agreement. Superior, in Harvey, La., provides oilfield tool rentals, well plug and abandonment services, and other specialized products to companies operating in the Gulf of Mexico and Gulf Coast regions. Parker, in Tulsa, Okla., is an international provider of offshore and on-land drilling services and oilfield tool rentals.

Parker Terminates Deal

Parker Drilling Company and Superior Energy Services, Inc., have jointly agreed to terminate their merger agreement, in which Parker was to acquire Superior in an exchange of stock. In connection with the termination, Superior will make a cash payment to Parker in settlement of certain obligations under the merger agreement. Superior, in Harvey, La., provides oilfield tool rentals, well plug and abandonment services, and other specialized products to companies operating in the Gulf of Mexico and Gulf Coast regions. Parker, in Tulsa, Okla., is an international provider of offshore and on-land drilling services and oilfield tool rentals.

VOS Stone Equipped with Ampelmann W2W Gangway

Ampelmann A400 (Photo: Ampelmann)

Vroon Offshore Services and Ampelmann have joined forces to deploy a Walk to Work (W2W) solution for the Arkona offshore wind farm, located in the German Baltic Sea. Vroon’s VOS Stone vessel, the newest addition to its offshore-support fleet, will be mobilized with an Ampelmann A400 gangway system. The gangway, launched in 2017, will be utilized for the first time for W2W operations during array cabling work and commissioning of the Arkona offshore wind farm. The A400 gangway system…

Caterpillar Celebrates Brazil Op'ns Launch

Caterpillar announced that the Cat© 3500C Diesel Electric Propulsion (DEP) generator sets have entered full production at the Piracicaba, Sao Paulo, manufacturing facility, delivering on a commitment to offer superior Cat power solutions products to the burgeoning Brazilian offshore market. The first shipment of four Cat 3512 DEP generator sets were delivered in December to Navship, a shipbuilder located in Navegantes, Brazil, and operated by Edison Chouest Offshore (ECO).  

Alpine Ocean Seismic Survey Launches 110-ft RV

Norwood, New Jersey — May 10, 2011 — Alpine Ocean Seismic Survey, [ http://www.alpineocean.com ] a provider of marine surveying and data collection services, announces the launch of the multi-use research vessel, the R/V Shearwater. With the addition of this new vessel, Alpine can now further expand its offerings of turnkey data collection and other surveying services to offshore clients, including wind, tidal, civil engineering, shoreline protection, submarine cable, pipeline, oil, and natural gas project developers.

G E Shipping Sells Supramax

Photo: The Great Eastern Shipping Co. Ltd.

India’s largest private sector shipping company  Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2003 built Supramax Dry Bulk Carrier Jag Rahul of about 52,364 dwt. G E Shipping said that the vessel will be delivered to the new buyer in Q4 FY 2017-18. The Company’s current fleet (including Jag Rahul) stands at 48 vessels, comprising 32 tankers (12crude carriers, 17 product tankers, 3 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 10.24 years aggregating 3.93 mn dwt.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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