Sharma Joins MacArtney, Expands Activities in Middle East, India
MacArtney Underwater Technology appointed Saurabh Sharma as Regional Sales Manager, consequently reinforcing its sales activities in the Middle East and India.Sharma joins the underwater technology company to offer the full MacArtney product line, system solution technology and experience to the Indian and Middle Eastern customers.Sharma joins MacArtney from the marine specialist company Fugro and will benefit from working together with highly-trained and multi-disciplinary engineering and project management departments within MacArtney, dedicated to developing and delivering solutions for even the
Subsea 7 Makes Hostile Bid for McDermott
prices and spending cuts by major oil companies.Subsea 7 said combining the two companies would make them better equipped to handle large offshore engineering contracts for the oil industry.Jean Cahuzac, chief executive of Subsea 7, said the potential deal could provide growth opportunities in the Middle East where McDermott has a strong position.Subsea 7 has offered McDermott $7 per share, either in cash or up to 50 percent in stock, representing a premium of 16 percent over McDermott's closing share price on Friday of $6.05.Subsea said McDermott's board had rejected its proposal on April 20 but
UK Divers Fined for Undeclared Shipwreck Raids
,000 and Huzzey £6,500. They were each ordered to pay £25,000 in costs. Items were taken from shipwrecks off the Kent coast, with the first known objects removed in 2001. The shipwrecks targeted included German submarines from World War I and an unknown 200 year old wreck carrying English East India Company cargo. The items included eight bronze cannons, three propellers from German submarines, lead and tin ingots, along with various other artifacts. It’s thought the combined value of the items is more than £250,000. The Maritime and Coastguard Agency (MCA) said it is aware
3rd Annual Conference on Salvage & Wreck Removal
The 3rd Annual Conference on Salvage and Wreck Removal in India is to be held on Thursday, July 10, 2014 for the first time in Chennai at the Hotel Vivanta by Taj - Connemara, Binny Road, Chennai 600002. The Conference this year is presented by the Institute of Chartered Ship brokers (East India Branch). Leading speakers who have confirmed include globally renowned specialists (in alphabetical order of company): Charles Taylor Adjusting / RHL Mr Alex Pinto, Director (Singapore, Mumbai & Kuala Lumpur) GOL Salvage Services, Mumbai Holman Fenwick Willan Mr Dominic Johnson, Partner,
Divers Guilty of Raiding Historic Shipwrecks
them, contrary to section 236 and section 237 of the Merchant Shipping Act 1995. Items were taken from shipwrecks off the Kent coast, with the first known objects removed in 2001. The shipwrecks targeted included German submarines from World War I and an unknown 200 year old wreck carrying English East India Company cargo. The items included eight bronze cannons, three propellers from German submarines, lead and tin ingots, along with various other artifacts. It’s thought the combined value of the items is worth more than £250,000. MCA said it is aware from diary entries that Knight
Bourbon Q1 Revenues Up 7.9%
positive and we anticipate an increase in activity for the rest of 2014.” Quarterly revenues rose 7.9% (at constant rates) partly due to a 7.1% increase in the size of the fleet, the company said. First quarter activities were impacted sequentially by seasonal effects in the North Sea and in Southeast Asia. The fleet utilization rate excluding crewboats was over 90%, helped by stronger activity in the shallow market in West Africa. Average daily rates stable overall, with a strong increase in Subsea Services (+12.4%) and smaller increases in the deepwater and crewboat segments, partly due to vessel
Bourbon Revenues Rise in 2013
new jack-up rigs -Average utilization rates remained stable year on year despite double the number of new vessel deliveries in 2013, partly due to certain contract extensions and new contracts -In general, average daily rates increased in all regions, especially in Latin America and Mediterranean/Middle East/India (MMI). They have been impacted by a regional mix effect due to the end of contracts in Australia and Brazil (where average daily rates and running costs are higher than in other regions) -In the fourth quarter, the typical seasonal effects of the monsoons in Asia have not impacted BOURBON as
Mitchell Named Chief Executive at Sparrows
, a $3.1 billion revenue company, which is a global leader in the provision of engineering, procurement and installation services to the offshore oil and gas industry. Most recently, Stewart has been responsible for running McDermott’s business across Europe, North and South America, Middle East, India and the Caspian.
Ian C. Strachan Elected Transocean Chairman
formerly served as chairman of Instinet Group Incorporated. Transocean constructs oil and natural gas wells in the deep waters and harsh environments of various water depth. Providing rigs for all types of petroleum companies in offshore drilling markets that include the U.S. Gulf of Mexico and eastern Canada, Brazil, the U.K. and Norwegian sectors of the North Sea, West Africa, East Africa, Asia Pacific, including Australia, the Middle East, India and the Mediterranean.
February 2024
