Offshore Casualty: Harkand Group Collapses
, Africa, the Asia Pacific and Europe, having won major contracts for its services and increasing its infrastructure supporting the oil, gas and renewable energy industries. Just last year the company was featured in the pages of Maritime Reporter & Engineering News, with company CEO John Reed, discussing the plans for the company to expand its business to $1 billion. (http://www.marinelink.com/news/expanding-business397115.aspx). But an uncooperative energy market, which has seen oil pricing plummet from highs in the $120 range 18 months ago to the mid-$40s today, was apparently too
Harkand Completes IRM Campaign for BPTT
as well as project management and engineering for the execution of the campaign. This was also the first project for the new HRF built by Harkand in the Gulf of Mexico in August 2015. The HRF was set up in Chaguaramas on the North West peninsula of Trinidad for the campaign. John Reed, Harkand chief executive officer, said, “Securing this contract with BP Trinidad and Tobago was a significant win in the region. The work involved an array of specialist subsea services and engineering, cementing our track record in the area.” Reed added, “This work followed
Oaktree Capital Pumps $25 mln into Harkand
have the funding in place required for uninterrupted operations and financial stability going forward.” The company is on course to deliver the newbuild DP3 dive support vessel the Harkand Haldane and the company has also been upgrading several of their fleet assets. Chief executive officer John Reed said, “The companies who emerge successfully from downturns are those who continue to pursue their strategic goals. We are poised to emerge from this downturn not only more efficient but having made strides in our strategic progress. “Oaktree’s support will provide us with
Harkand Names Brown to Gulf of Mexico Management Team
Producers Commercial Diving subcommittee, and is the offshore diving representative for the National Offshore Safety Advisory Committee (NOSAC) in US. Based in Houston, he will be responsible for development of Harkand’s diving services in the North America region. Chief executive officer John Reed said, “Mike’s proven track record within the sector makes him a valuable addition to our organization. I am delighted he has agreed to join our team in North America and expand our diving services in the region. His in-depth knowledge of the market will strengthen our ability to respond
New North Sea CNR Contract Requires Second Harkand Vessel
both the Da Vinci and its sister vessel the Atlantis operating in the North Sea will also provide our customers with the level of flexibility that they demand whilst positioning us for the next stage in building our business in the region," said David Kerr, managing director of Harkand Europe. John Reed, Harkands chief executive officer, added: "We continue to see strong growth across our global operations and have a planned programme of investment in place to support our ambitions going forward." "This includes expanding our fleet in Africa and the Middle East where
Gujral Named New Harkand CFO
$200 million to $1.2 billion, raised more than $1 billion in financing and managed the global in-store media solutions company’s mergers and acquisition strategy across four continents. He also held the group CFO position at Transcom Worldwide and DCS Group PLC. Harkand chief executive officer John Reed said, “I am delighted to welcome Ben to the group. His considerable finance and business expertise developed with global companies will play a key role in driving Harkand’s strategy forward as we continue to build our presence around the world to become a leading name in subsea IRM
Harkand, Siem Offshore Sign Charter Agreement
to the Harkand fleet marks an important step forward in the company’s commitment to deep water activities. “This commitment we are making in the US Gulf both in terms of our people and our assets underlines our strategy to become the leading international IRM contractor,” said John Reed, Chief Executive Officer of Harkand. “The group has been expanding its global footprint over the last few months through organic growth and strategic acquisition and is now setting up its corporate office in London. We are looking forward in 2014 to continue the strengthening of our global
Harkand Appoints New CEO
Internatioanl subsea inspection, repair and maintenance (IRM) group Harkand announced the appointment of John Reed as its new chief executive officer as it embarks on the next stage of its ambitious growth strategy. Reed, an industry veteran with more than 30 years’ experience in the offshore engineering and construction sector, will lead the development of the company as it drives forward with its target of growing turnover to $1 billion in the next five years. Due to take over the reins in October, he replaces Nicolas Mouté who steered the group’s formation since inception
February 2024
