Neptune will again be exhibiting at the 2013 Australasian Oil and Gas Exhibition and Conference, known as AOG, for the 5th time. This year Neptune will be running real life NEPSYS® and ROV demonstrations in its custom built portable 6m dive tank. Neptune is emerging as a leading provider of engineered solutions to the oil […]
February 19, 2013 | Posted in
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The winner of the 2012 World Oil Award for Best Production Technology is a breakthrough in subsea insulation developed by Dow Oil and Gas, a business unit of The Dow Chemical Company (DOW), in cooperation with multiple organizations, including Trelleborg Offshore, a leading provider of polymer and syntactic foam-based coating solutions for the offshore oil […]
January 21, 2013 | Posted in
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Neptune announces the signing of a framework agreement with BP in the UK to provide subsea engineering services and support. This contract is a significant milestone for Neptune in the UK, signifying the first agreement of this kind with a major subsea operator in the region. The agreement provides BP with access to a rapid […]
December 5, 2012 | Posted in
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Neptune Marine Services Limited announces it has been awarded a contract from MODEC to complete new works at the MODEC Venture 11 floating production, storage and offloading facility (MV11) in the Carnarvon Basin located 160 kilometres north of Karratha, Western Australia. The contract will deliver revenue of approximately $6 million. Neptune will be using a […]
November 20, 2012 | Posted in
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Further to its announcement on 30 October 2012, Neptune has now received a bidder’s statement from Blossomvale Investments Pte. Ltd. (Blossomvale), a wholly owned subsidiary of MTQ Corporation Limited (MTQ), containing its offer to acquire all the shares of Neptune it does not own, at a cash price of 3.2 cents per share. The independent […]
Neptune Marine Services Limited, received after market yesterday a proposed takeover offer from Blossomvale Investments Pte Ltd (Blossomvale). Blossomvale is a substantial shareholder of Neptune and a wholly owned subsidiary of MTQ Corporation Limited (MTQ) and its proposal is to acquire all the shares of Neptune it does not own, at a cash price of […]
Field testing of both Wave Energy Conversion (WEC) devices deployed by Neptune Wave Power LLC at the University of New Hampshire’s Center for Ocean Renewable Energy (CORE) has shown a great viability of the devices in generating wave power. The company has tested two buoy models, 3.0 and 3.1. The 3.1 model has proven to […]
October 19, 2012 | Posted in
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Neptune Marine Services Limited announces that it has entered into an alliance with Beacon SubSea Limited, a subsea intervention service company that operates in Thailand. The alliance will allow Neptune and Beacon SubSea to use their combined service capabilities and experience to provide engineering and total service solutions into the Thai market. It provides an […]
October 15, 2012 | Posted in
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Neptune Marine Services Limited has delivered a net loss after tax from continuing operations of $33.8 million (including goodwill impairment of $35.0 million) and EBITDA of $6.1 million for the year ended 30 June 2012. Neptune has reported a positive cashflow from operations in FY2012 of $4.5 million, a considerable improvement on the negative cashflow […]
Neptune Marine Services Limited, The Board of Neptune announced that Mr Peter Wallace will be Chairman of Neptune effective from 1 October 2012. Mr Wallace joined the Neptune Board on 8 July 2011 and will replace Mr Ross Kennan as Chairman who will retire from the Board of Neptune at the 2012 Annual General Meeting. […]
