Search results for: Kreuz

112 results

A list of search results

  • 5 November 2013
    Business & Finance, Project & Tenders

    Kreuz Holdings Limited (“Kreuz” or the “Company”) and SEA9 Pte. Ltd. (“SEA9”), a subsidiary of The Headland Private Equity Fund 6 L.P., a pan-Asian private equity fund advised by Headland Capital Partners Limited (“Headland”) announce a proposed transaction in relation to Kreuz (the “Transaction”). Kreuz is one of the leading providers of subsea construction and […]

  • 5 November 2013
    Business & Finance

    SEA9 Pte. Ltd., an investment-holding company incorporated in the Republic of Singapore, has launched a takeover offer for Kreuz, a Singapore-based subsea services provider to the offshore oil and gas industry. SEA9 Pte. is a subsidiary of The Headland Private Equity Fund 6 L.P, a pan-Asian private equity fund advised by Headland Capital Partners Limited The offer of S$0.80 per ordinary […]

  • 20 February 2017
    Business & Finance, Operations & Maintenance

    Kreuz Subsea has set up a joint venture in Nigeria with Genesis Group. Genesis Kreuz will provide services of engineering and project management, construction, shore based warehousing, and end-to-end logistics. The company will be headquartered in Lagos with yard facilities in Port Harcourt. Kreuz Subsea, has relocated two dive systems to Nigeria, and said it is in […]

  • 9 January 2013
    Business & Finance, Project & Tenders

    Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), an integrated subsea service provider for the oil and gas industry, announced that it has been the recipient of subsea installation contract awards worth US$15.5 million for projects in Southeast Asia. This comprises a US$10.0 million project from a third-party client, a leading offshore […]

  • 2 September 2016

    Singapore-based Kreuz Subsea has named its second newbuild diving support vessel (DSV), the Kreuz Challenger, presently under construction by the Norwegian shipbuilder Vard. The Kreuz Challenger DSV is scheduled for delivery from Vard Søviknes in Norway in the second quarter of 2017. The DP-2 vessel is of VARD 3 17 design and is capable of […]

  • 5 November 2018
    Project & Tenders

    Kreuz Subsea and consortium partner Seamec have completed the mobilization of the Kreuz Glorious vessel to start a two-year project with India’s ONGC.

  • 14 August 2019
    Business & Finance

    Singapore-based subsea service provider Kreuz Subsea said that its CEO Ashit Jain (AJ) has resigned and is leaving for personal reasons. Under AJ’s leadership of the company during the last two and the half years, Kreuz became a Shell approved diving contractor and has since expanded its commercial footprint to new markets and new customers. […]

  • 28 June 2018
    Business & Finance

    Subsea services company Kreuz Subsea has appointed a new director of diving and ROV operations.

  • 9 January 2013
    Business & Finance

    Singapore’s Kreuz Holdings Limited, an integrated subsea service provider for the oil and gas industry, today announced that it has been the recipient of subsea installation contract awards worth US$15.5 million for projects in Southeast Asia. This comprises a US$10.0 million project from a thirdparty client, a leading offshore customer, and US$5.5 million contracts from […]

  • 20 April 2018
    Project & Tenders

    Kreuz Subsea has mobilized the newbuild dive support vessel, Kreuz Challenger, as part of its seven-year contract with Brunei Shell Petroleum Company (BSP). The contract, which runs until 2022, includes supporting BSP with inspection, repair and maintenance services to be carried out on offshore oil and gas structures in Negara Brunei Darussalam’s territorial waters. These include […]

  • 5 November 2018
    Business & Finance, Operations & Maintenance, Project & Tenders

    Kreuz Subsea and consortium partner Seamec have mobilized the Kreuz Glorious vessel to start a two-year project with India’s Oil & Natural Gas Corporation (ONGC). The scope of work includes the inspection of 27 offshore jackets in the Mumbai High North, Mumbai High South, Heera, Neelam and Bassien assets, located off the coast of Mumbai […]

  • 6 February 2013
    Business & Finance

    Singapore’s Kreuz Subsea Marine Pte Ltd, has entered into a conditional shipbuilding agreement dated 5 February 2013 with a China-based shipyard.  Under the agreement, the shipyard will construct and sell a multipurpose subsea dive support and construction vessel to Kreuz for a consideration of USD 113,63 million. Kreuz Subsea, a subsidiary of Swiber Holdings limited, […]

  • 18 November 2010
    Business & Finance

    Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), a subsea service provider for the oil and gas industry, has today announced that a Letter of Intent for subsea installation contract worth approximately US$6.2 million was signed with a leading offshore construction company in the oil and gas business located in the South […]

  • 29 June 2018
    Business & Finance, Operations & Maintenance

    Kreuz Subsea, has appointed Jerry Starling as director of diving and ROV operations. Starling, who will be based at the company’s Singapore headquarters, recently held senior diving roles at DOF Subsea and DeepOcean. Prior to this, Starling was group diving operations manager for Harkand where he worked with Kreuz Subsea chief executive officer, AJ Jain, […]

  • 6 October 2010
    Business & Finance

    Kreuz Holdings Limited , a subsea service provider for the oil and gas industry, has today announced that a subsea installation contract worth approximately US$7.6 million was signed with a leading offshore construction company in the oil and gas business located in the Middle East. The scope of work comprises mainly of subsea installation works, […]

  • 4 November 2013
    Business & Finance

    Kreuz Holdings Limited, an integrated subsea service provider for the oil and gas industry, today reported that the Group’s net profit surged 60.3% to US$16.6 million for the third quarter ended September 30, 2013 (“3Q2013”) from S$10.4 million in the previous corresponding period (“3Q2012”). Kurush Contractor, Executive Director and CEO of Kreuz, said: “I am […]

  • 10 October 2007

    The Board of Directors of Swiber Holdings Limited (‘Swiber’, and together with its subsidiaries, the ‘Swiber Group’) wishes to announce that Kreuz Engineering Limited, a wholly-owned subsidiary of Swiber’s wholly-owned subsidiary Kreuz International Pte. Ltd., has on 11 October 2007 entered into separate contracts, with Thaumas Marine Ltd, to construct in four vessels for Kreuz […]

  • 25 April 2011
    Business & Finance

      Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), a subsea service provider for the oil and gas industry, has signed Letters of Intent for subsea installation contracts worth approximately US$4.8 million with a leading offshore company in the oil and gas business located in East Asia. Work is expected to commence […]

  • 20 April 2018

    Kreuz Subsea has mobilized the recently delivered new-build dive support vessel, Kreuz Challenger, as part of its seven-year contract with Brunei Shell Petroleum Company (BSP).

  • 14 October 2016

    Singapore-based Kreuz Subsea, a provider of integrated offshore subsea services, shared a video of its new diving support vessel (DSV), the Kreuz Challenger, starting its voyage from the construction yard in Tulcea, Romania to Vard’s shipyard in Søviknes, Norway. The vessel is scheduled for delivery from the Søviknes yard in the second quarter of 2017. The DP-2 […]

  • 9 January 2018
    Business & Finance, Operations & Maintenance, Project & Tenders

    Kreuz Subsea said it has been awarded its most financially significant contract in the company’s history. It will see the firm mobilise five vessels to deliver subsea completion works for Larsen & Toubro (L&T) from the start of 2018. The contract, which is worth an undisclosed eight-figure sum, will see Kreuz Subsea supporting L&T to […]

  • 9 January 2018
    Business & Finance

    Kreuz Subsea has been awarded a contract which will see the company mobilize five vessels to deliver subsea completion works for Larsen & Toubro (L&T) from the start of 2018.