Golden Energy Swoops for Ship Management Firm

Golden Energy Offshore Services has entered into a term sheet with Golden Energy Offshore Management Holdings for the possible acquisition of Golden Energy Offshore Management.

Pursuant to the term sheet, the company will, subject to a successful acquisition of the four vessels previously announced, acquire GEOM for a net purchase price of USD 5 million to be paid by the issuance of shares in the company.

To remind, Golden Energy Offshore Services has secured financing and reached an agreement with Neptune Subsea to acquire its two IMR & light construction vessels Larissa and Despina and two newbuild PX 121 H multipurpose platform supply vessels (MPSVs) from Nantong Rainbow Offshore & Engineering Equipments.

CEO, Per Ivar Fagervoll, said: “I am very pleased that we have been able to reach an agreement to include Golden Energy Offshore Management into the Golden Energy Offshore Services sphere. Being the manager of the company’s vessels, and also of any new vessels in addition to the prospective new vessels Energy Duchess, Energy Empress, Larissa and Despina, Golden Energy Offshore Management is a natural inclusion in the GEOS-ME which we believe will add value for our shareholders.

“In addition to performing management for the company, Golden Energy Offshore Management performs management for other customers which we believe would further strengthen the position of the company through a diversification of the business. We are, and continue to be, committed to create additional shareholder value in the Company for the benefit of
existing and new investors.”

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

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OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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