Mermaid announces that its wholly owned subsidiary Subtech Ltd. has opened a branch office in Abu Dhabi, United Arab Emirates. Subtech already has offices in Qatar and Saudi Arabia. The purpose of the Branch Office is to continue the expansion of Mermaid’s footprint in the Middle East region by giving Subtech the position to bid [...]
March 28, 2012 | Posted in
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Polarcus Limited announces that the Company has signed the loan documentation for a bank loan facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together with Garanti-instituttet for Eksportkreditt (GIEK) and Eksportfinans ASA (the “Fleet Bank Facility”). The loan documentation replaces the committed term sheet that was [...]
The challenges faced by the offshore maritime industry in recruiting and retaining qualified operators to safeguard standards within the Dynamic Positioning (DP) vessel sector was discussed during one of the Middle East Workboats conference sessions, taking place at the Abu Dhabi National Exhibition Centre (ADNEC) from 3-5 October 2011. Global growth in DP usage [...]
October 4, 2011 | Posted in
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Polarcus Limited announced that Polarcus Selma Ltd, a member of the Polarcus Group, took delivery on 08 August 2011 of Polarcus Selma, the sixth 3D seismic vessel to date to join the Polarcus fleet. Polarcus Selma is the sister ship to Polarcus Samur, delivered to the Polarcus Group in March 2011. The vessel was built [...]
August 11, 2011 | Posted in
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Polarcus Limited announces the release of its second quarter 2011 financial statements. In the second quarter 2011 Polarcus has focused on strengthening the Company’s operations, backlog and balance sheet. Revenues for the second quarter are significantly higher compared to the same quarter last year due to the expansion of the Polarcus fleet by three vessels [...]
Topaz Energy and Marine, a leading oilfield services group, has recently signed long-term vessel support contracts with prominent clients totaling US$ 160 million. Topaz’s cable-lay vessel, the ‘TEAM Oman’ has been contracted to ABB for a five year wind farm support contract plus options. The work will commence in early 2012 and involves a significant [...]
Conditions can be bad down there, so dark they sometimes do not know they have found what they are looking for until the darkness opens sudd… (National) Source: National, June 6, 2011;
Unique System FZE, a leading provider of specialized engineering solutions to the subsea and offshore oil and gas industries, has signed a two year contract with NPCC for the hire of air bags to support their various projects in the UAE. National Petroleum Construction Company, (NPCC), is one of the largest EPC providers in the [...]
May 15, 2011 | Posted in
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Unique Maritime Group a leading provider of specialized engineering solutions to the subsea and offshore oil and gas industries entered into a long term contract with NPCC, Abu Dhabi to supply Survey Equipment on rental basis for various projects in the UAE and India. The NATIONAL PETROLEUM CONSTRUCTION COMPANY (NPCC), a Public Joint Stock company, [...]
Damage to an underwater cable may affect internet users in the UAE, the telecommunication provider Du said in a statement. Du cautioned that… (oilleader) Source: oilleader,March 28, 2011;
