Financial Services News

Helen Samuels  (Photo: Bibby Marine Ltd)

Bibby Marine Appoints Samuels as CEO

award-winning Bibby WaveMaster 1 : and Bibby HydroMap which provides leading subsea mapping and data analysis services.Bibby Marine Ltd is a subsidiary of Bibby Line Group – a diverse, $1 billion global business, operating in 16 countries, employing 4,000 people in sectors including retail, financial services, distribution, marine and construction equipment hire

Image: Department for Transport, UK

UK Support Low-Carbon Maritime Technology

sustainable years into the future."The government is also announcing a push to bring financiers and budding entrepreneurs together to help innovation flourish in the sector.The new Green Finance for Maritime conference in Summer 2020 will bring together representatives from the government, financial services and technology sector to build relationships and broker new deals. This will help cement the UK’s position as a global hub for the provision of green finance and move the UK even further towards zero-emission shipping.Sarah Kenny, Vice Chair of Maritime UK said: MarRI-UK is the first

Image: NERC

Barclays Rejects Arctic Drilling

significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy  rules out funding for companies seeking to drill in the Arctic Refuge as well as other climate change threats.According to the British multinational investment bank and financial services company headquartered in London, arctic oil and gas refers to new exploration and extraction of oil and gas in the area within the Arctic Circle which is subject to sea ice, and includes the Arctic National Wildlife Refuge (ANWR) and the Coastal Plains.The ANWR is a particularly fragile and

Image: © xmentoys/Adobe Stock

U.S. Rig Count Drops, But E&P Spend Up 13%

this year, U.S. oil futures have averaged $65.46 per barrel. That compares with averages of $50.85 in 2017 and $43.47 in 2016.Looking ahead, crude futures were trading about $71.60 for the balance of 2018 and near $66.13 for calendar 2019 .In anticipation of higher prices in 2018 than 2017, U.S. financial services firm Cowen & Co this week said the exploration and production (E&P) companies they track have provided guidance indicating a 13 percent increase this year in planned capital spending.Cowen said those E&Ps expect to spend a total of $81.2 billion in 2018, up from an estimated $72

David Batista (Photo: Aquabotix)

Batista Named CEO at Aquabotix

and working with David to bring several new innovations to market in the near future.”    Batista joins Aquabotix with more than 20 years of experience working with small-cap listed companies, both in the U.S. and Australia. He is the former Senior Managing Director of independent financial services firm Viriathus Holdings LLC., and previously held roles with HPC Capital Management Corp., SoundView Technology Group and Lehman Brothers Inc. A graduate of C.W. Post College, Batista also has several post-graduate qualifications from The New York Institute of Finance

Charters Joins NOAI Staff

resources.  In addition, Charters served as Director of Policy Coordination for the full Natural Resources Committee.   From 2006 to 2008, Charters served as Legislative Director to Rep. Steve Pearce (R-N.M.), a former oil and gas service company owner and senior member of the House Financial Services Committee and Chairman of the Western Caucus. Prior to that, Charters owned and operated his own lobbying company, Charters and Company, and before that served nearly ten years for multiple members of the California Delegation

© sdecoret / Adobe Stock

All Eyes on Ireland

relevant government agencies and organizations to support the implementation of a strategic framework for delivery that will strengthen established marine sectors and also ‘marinize’ sectors outside the marine area where Ireland has existing strengths, including ICT, life sciences and financial services.   “Ireland already has expertise across a number of the key enabling technologies required to develop products and services that will support growth in emerging areas of the global blue economy while creating efficiencies and supporting sustainability across more established markets

GE Interested in German Offshore Wind, Eastern Europe

derives 14 percent of its total revenues in Europe, but does not break them out on a country-by-country basis.   "Energy is central for us in Germany and accounts for a big share of total sales," Haertel said.   GE Germany is also active in medical technology, research and financial services.   Nascent wind industries in eastern Europe, which are due to exploit suitable geographies for tapping wind speeds, could receive equipment from GE's Germany-based manufacturing sites, he said.   (Reporting by Vera Eckert and Chris Steitz, editing by Susan Fenton

Two Named to NSRI Board

over 240 staff with an annual turnover of $26 million. Martin Jones is chief executive of Magma Global Ltd, which he founded in 2010 to manufacture high quality carbon fiber pipe for subsea exploration and production. In 1991, Jones founded Ad Valorem, a specialist consultancy providing financial services, regulatory advice and corrective action, which was acquired by Money Extra. He went on to found Insensys in 2002, developing and commercializing fiber optic strain sensing for wind energy, aerospace and oil and gas applications. He sold the oil and gas division to Schlumberger in 2007 and

Photo: Bibby Offshore Singapore

BOS Delivers Subsea Projects to Asia Pacific

companies including Moattama Gas Transportation Company (MGTC) offshore Myanmar, and Singapore based Seascape, a Mermaid Subsea Services company. Most recently, in April 2015 BOS completed work for Indian-based Larsen & Toubro, a major technology, engineering, construction, manufacturing and financial services company that appointed BOS to perform ROV inspection work on its Yetagun D Platform offshore Myanmar. The project involved a cathodic protection survey, anode survey and flooded member inspection in water depths of up to 110meters. Bibby Offshore now employs more than 1,450 people onshore

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