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Energy Sector Volatility Affects Middle Market M&A Activity
Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010, tracing the flow of deals in the post-financial crisis era. In this edition, we take a closer look at relevant U.S.
Inventor. Builder. Entrepreneur. Optimist. Schweitzer
Inventor. Builder. Entrepreneur. Optimist. Take your pick, and you have described Edmund O. Schweitzer, III, founder of Schweitzer Engineering Laboratories, Inc. (SEL) in 1982. Starting in his basement with an idea and a plan, he has seen his start-up blossom into a global electric powerhouse that is making significant inroads in the maritime and offshore markets. To its core Schweitzer Engineering Laboratories, Inc.
Energy’s Promising Future Threatened
Unrealistic Fears and Overstated Risks obscure the benefits of new seismic data. The United States stands poised on the edge of a bright energy future. After decades…
Boskalis Raises Full-year Profit Forecast
Royal Boskalis Westminster N.V. (Boskalis) has concluded a good third quarter. Revenue and earnings, adjusted to reflect the deconsolidation of SAAM SMIT Towage…
Lamprell Wins Daman Corporate Health Award
Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore energy industry is delighted to announce that…
James Fisher Opens Offshore Vessel for Tours
James Fisher Marine Services Ltd (JFMS), and Fendercare Marine, both subsidiaries of James Fisher and Sons plc (JFS), held an open day to demonstrate the capability of their shoreside support base and the offshore support vessel, the Dart Fisher. The Dart Fisher, which was berthed in the Fendercare Marine base in Great Yarmouth, is a 26-meter catamaran specifically designed to service the offshore energy industry with the capability to transfer up to 12 engineers…
Seacat Debuts First Tank-tested Catamaran
Following the completion of preliminary sea trials, offshore energy support vessel operator Seacat Services unveiled the British-built Seacat Intrepid, the first DNV GL certified 26-meter crew transfer vessel to benefit from a unique three-year offshore wind farm workboat tank testing research and development program that capitalized on an improved understanding of wind, wave and weather conditions within European waters.
Naviera Integral Orders Damen Fast Crew Suppliers
Naviera Integral of Mexico is the launching customer of Damen’s new Sea Axe Fast Crew Supply vessel, the FCS 4008. President of Naviera Integral, Juan Pablo Vega, signed the order for the two new vessels at an official ceremony at the Offshore Energy Exhibition in Amsterdam. Naviera Integral’s two new vessels are due for delivery in 2016. A company in offshore transport and supply services with a fleet of 35 vessels…
Tuco Debuts New Wind Farm Service Boat
Less than a week before the Offshore Energy 2014 Exhibition and Conference in Amsterdam the coming week, Tuco Marine disclosed the newest vessel in the ProZero series of Fast Rescue Boats, Daughter Crafts and Workboats; The New ProZero 11m Wind Farm Service Boat. The new design, a dedicated service boat and crew transfer vessel for offshore wind farms, has been developed as a little sister to the ProZero 13m Wind Farm Service Boat presented earlier this autumn.
Charity Selected for 2015 OTC Dinner
The Offshore Technology Conference (OTC) announces the 2015 beneficiary of the Annual OTC Dinner—the Independent Petroleum Association of America (IPAA) and the Petroleum Equipment & Services Association (PESA) Energy Education Center for the benefit of the Energy Institute High School. OTC will host the fifth Annual OTC Dinner on Sunday, May 3, 2015 at NRG Stadium in Houston. The event recognizes industry achievements…
First Indian Elected on WISTA Board
At the 34th WISTA International AGM & Conference held in Limassol, Cyprus, Sanjam Sahi Gupta, President of WISTA India was elected to the board of WISTA International.She…
US, ATP-IP Reach Settlement over Unauthorized Oil Discharges
Under a settlement agreement with the United States, ATP Infrastructure Partners, LP (ATP-IP) will pay a $1 million civil penalty and perform corrective measures to resolve claims by the U.S.
BOEM Proposes O&G Lease Sale in Gulf of Mexico
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management…
Crowley Receives Heavy-Lift Deck Barge in Singapore
Crowley Maritime Corporation’s solutions group announced today that it has received the first two of potentially four, new heavy-lift, ballastable deck barges (HDBs)…
Investors Warm up to German Offshore Wind
German offshore plants attract new investment; offshore energy a key component in switch from nuclear. Start-up costs high, but returns are attractive. Germany's offshore wind parks…
OSV Master Fined Following Wind Turbine Allision
The master of a wind farm support boat has been made to pay £3,000 in fines and costs after breaching maritime collision regulations, informs the UK Maritime and Coastguard Agency (MCA).
Master Fined After Wind Farm Collision
The master of a wind farm support vessel has today been made to pay £3,000 in fines and costs after pleading guilty to breaches of maritime collision regulations.
Russia's Shipping Major Reports Strong 1H 2014
OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial…
Ferguson Norge Unveils New NORSOK Workshops
As a result of market demand for NORSOK workspace modules, Ferguson Norge, specialists in the rental of DNV 2.7-1 / EN 12079 certified offshore containers, refrigeration/freezer modules, workspace modules and accommodation solutions to the global offshore energy industry, said it has expanded its NORSOK accredited range to include a enhanced series of Z-015 workshops. The range has been developed in response to customer requests for NORSOK products.
High Bids in Western GofM Lease Sale
U.S. Government agency BOEM informs that Western Gulf of Mexico Lease Sale 238 attracted US$109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S.
