Independent merchant bank Quayle Munro Holdings PLC said one of its investee companies, Submersible Technology Services Limited (STS), has been acquired by Australian oil and gas service group Neptune Marine Services Ltd for £16 million with a further performance-linked paymenmt due in the future. Perth headquartered Neptune Marine Services is one of Australia’s largest marine [...]
One hundred special guests were invited to a special ceremony at Nutall Drive in the King Bay Industrial Estate, Dampier, last Friday the 6th of November. Local company Oceanic Offshore were celebrating the grand opening of their fabulous new office and base. The impressive new offices are an exciting step forward for the locally owned [...]
PARIS – French oil engineering group Technip expects a “sustained” activity in 2010 and believes it could see a “strong pick-up” beginning at the end of next year, its chief executive told Les Echos on Monday. “In terms of volumes of awarded projects, we forecast a rather sustained activity in 2010. There could even be [...]
London, England – October 2, 2009 – Acergy S.A. (NASDAQ-GS: ACGY; Oslo Stock Exchange: ACY) announced the award of a contract valued at approximately $170 million to SapuraAcergy Sdn Bhd by Apache Energy Limited for the Devil reek Development Project (DCDP) offshore Australia. The DCDP has been initiated to recover and process the gas reserves [...]
MELBOURNE – The Santos-led joint venture has awarded engineering and construction company Subsea 7 an $80 million contract to install a subsea pipeline for the Casino-Henry gas field development in the Otway basin off western Victoria. The work includes installation of a 22-km pipeline that will connect the subsea production tress at the Henry-2 and nearby [...]
SYDNEY – Deep-sea commercial diver Michael Ganas spent four years writing a novel that combined his love of engineering and the sea, but ended up publishing it himself because he found it hard to get anyone else interested. Ganas’ debut novel, “The Girl Who Rode Dolphins” and which has won four awards, is set in [...]
Hallin Marine has strengthened its senior management team with the appointment of Phillip Chamberlain to head up its marine division. As the division’s Marine Manager, he will be responsible for Hallin’s growing fleet of subsea operations vessels and be actively involved in developing the company’s marine strategy.
Neptune Marine Services Ltd announced that it has successfully secured a range of new projects both in Australia and international markets valued at approximately $25 million. All scheduled for completion in the first half of FY2010, the projects include: – A NEPSYS® repair project for a new customer operating in the North Sea. – Fabrication [...]
By Richard Sanchez The offshore support vessel (OSV) markets are feeling the effects of declining activity and increasing numbers of new vessels. U.S. Gulf of Mexico The U.S. Gulf OSV market, which takes its cues from the offshore rig market, is severely depressed. Vessels of all types are going unused and some owners are cold [...]
CAIRNS, Australia — The Maritime Union of Australia (MUA) is calling for strict government regulation of the recreational dive industry after another fatal scuba diving accident. Authorities have not yet identified the latest victim but told CDNN a 58-year-old male tourist from American died while diving off the Osprey V dive charter boat. After the [...]
Nexus Energy Limited (“Nexus”) advises that the offshore construction work for the Longtom gas project (VIC/L29) in the Gippsland Basin, offshore Victoria, has been interrupted. The delays are the result of the demobilisation of a diving support vessel due to a contractual dispute in relation to its ongoing charter. Nexus is in the process of [...]
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