LEADING Australian marine support company MMA Offshore Limited has entered into an agreement to acquire Perth-based topside and subsea inspection, maintenance and repair specialist Neptune Marine Services Limited. The purchase consideration, which is expected to total approximately A$18.5 million, would comprise $5 million cash with the balance to be issued in MMA shares on completion. “The acquisition of the Neptune business represents an important step in MMA’s strategy to expand
SANTOS has announced that the Barossa project has strengthened its position as what it believes is the leading candidate for Darwin LNG (DLNG) backfill with the award of the Subsea Production System (SPS) contract. Following a competitive tender, Technip Oceania Pty Ltd was the successful bidder to supply the SPS. The Engineering, Procurement and Construction (EPC) contract represents a commitment to long-lead items in advance of a final investment decision.
AKER Solutions has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io off the north-west coast of Western Australia. The company announced that the first service order under the master contract will be for front-end engineering and design of a subsea compression station that will boost the recovery of gas from the field. The FEED scope will also cover an
WA-based offshore support specialist Bhagwan Marine has been awarded the prestigious Port of Melbourne Marine Maintenance Contract. Bhagwan won the contract in a wide-ranging competitive tender, in which the selection criteria was founded on the appointee’s ability to “continually improve, innovate and drive value-based outcomes for the business.” The contract scope covers the inspection, reporting and maintenance of the Port of Melbourne’s infrastructure assets – a huge inventory encompassing hundreds
WOOD and KBR,Inc. have secured a multimillion dollar contract to deliver integrated front-end engineering design (FEED) for Shell Australia’s Crux project to build a not normally manned (NNM) platform and gas export pipeline located approximately 600km north of Broome, offshore Western Australia (WA). The Crux facilities will be an important source of backfill gas supply to the Shell-operated Prelude floating liquefied natural gas (FLNG) facility. The remotely operated, minimum facilities
SANTOS has announced that first oil is flowing from the Van Gogh infill project, marking the successful completion of the two-well programme that will increase production from the field off the north west coast of Australia. The Van Gogh field is one of three subsea oil field developments located in the Exmouth Basin, offshore Western Australia, which tie into the Floating Production, Storage and Offloading vessel (FPSO), the Ningaloo Vision.
A STUDY by international marine movement specialists VesselValue has assessed that almost 40% of the world’s offshore vessels are currently laid up. VesselsValue’s head of Offshore Robert Day says that it is no secret that the Offshore sector is suffering. “Estimating the number of vessels in layup is an imperfect science, however, using a big data approach VesselsValue can provide a valid estimation using the following methodology,” Mr Day said.
MAERSK Supply Service has been awarded a contract with Chevron which will see two of its newbuild anchor handling tug supply vessels support the Gorgon Stage Two drilling programme in Australia. MSS said on Wednesday that the Maersk Mariner and Maersk Master would provide towing, anchor handling, supply, and WROV services for the program in the Northwest Shelf of Western Australia. According to the vessel owner, the Gorgon Stage Two
To celebrate Jumbo’s 50 Year Anniversary, they take a look back at the story so far. From their beginnings as pioneers swimming against the tide to 50 years later, still a world leader in heavy-lift transport and now a key player in offshore installation contracting, it’s been an extraordinary journey!
OFFSHORE support specialist Tidewater Inc. has successfully completed its business combination with GulfMark Offshore, Inc. Tidewater and GulfMark stockholders overwhelmingly supported the business combination, with relevant proposals being approved by over 99% of the votes cast by Tidewater stockholders and GulfMark stockholders, respectively, in person or represented by proxy, not including abstentions, at the companies’ respective stockholder meetings earlier today. All necessary conditions to the closing have been satisfied and