Search results for: Mermaid Maritime

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  • 11 October 2016
    Business & Finance

    Mermaid Maritime’s joint venture company, Zamil Mermaid Offshore Services Company LLC (ZMOS), has retained its long-term offshore inspection, repair, and maintenance (IRM) services contract with a client in the Middle East. However, Mermaid said on Tuesday, the rendering service dayrates have been reduced. The company explained that this reduction in rates was part of a […]

  • 29 October 2019
    Business & Finance

    Mermaid Maritime’s joint-venture company with an unnamed offshore services operator has secured a three-year contract extension with a national upstream oil and gas company in the Middle East.

  • 6 March 2019

    Offshore vessel provider Mermaid Maritime has denied reports that it has sold one of its dive support vessels for demolition.

  • 23 November 2015
    Business & Finance

    Mermaid Maritime announced William Macdonald as the new Subsea Group regional director for the Eastern Hemisphere, November 23. Prior to this appointment, William Macdonald served as project manager, operations manager & general manager of Mermaid Subsea Services (Thailand) Ltd. He also served as diving manager for Hallin Marine Systems Ltd. Thailand for a brief period of […]

  • 16 November 2015
    Business & Finance

    Mermaid Maritime, the Thailand-based subsea and offshore drilling services company, announced the termination of employment for Peter Reichlmeier, Subsea Group Regional Director, Eastern Hemisphere, on Monday, November 16. Peter Reichlmeier was responsible for management of day-to-day operations of the subsea services business of the Mermaid Group in the Asia Pacific region. He was one of the co-founders […]

  • 13 July 2016
    Business & Finance

    Mermaid Maritime has been awarded a contract to provide technical support service personnel to a national offshore oil and gas engineering, procurement, installation and commissioning company with large-scale projects internationally. According to the company’s press release on Wednesday, the contract was awarded to its business unit Mermaid Subsea Services (Thailand) and deployment covers several countries in […]

  • 25 September 2017

    Offshore vessel provider Mermaid Maritime has landed a $96 million contract extension in the Middle East with what it described as a “reputable oil major client.” The extension has been awarded to a joint venture company formed between Mermaid Maritime and a local offshore services operator. While the company does not provide more details on […]

  • 9 August 2019
    Business & Finance

    Mermaid Maritime’s Middle East and South East Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of $7.4 million.

  • 21 July 2017
    Business & Finance

    Mermaid Maritime, a subsea and offshore drilling services company, has recently been awarded two subsea contracts with a combined estimated value of $4.6 million.  The company said on Friday that the first contract award will involve a short ROV campaign for pipeline touchdown monitoring for an international EPCIC contractor offshore in the Middle East GCC. […]

  • 30 May 2017
    Business & Finance

    Mermaid Maritime has recently been awarded subsea contracts in South East Asia and Middle East with a combined total value of $26 million.  The subsea and offshore drilling services provider said on Tuesday that the contracts involve three DP2 dive support vessels (DSVs). The highlighted package of work involves the Mermaid Commander vessel with a Tiger Inspection Class […]

  • 10 February 2020
    Business & Finance

    Thailand’s offshore vessel operator Mermaid Maritime has incorporated a subsidiary in the UK with an intention to provide its services in the North Sea. 

  • 26 November 2013
    Business & Finance

    Mermaid Maritime Public Company Limited (Mermaid) announced that its business units serving the Middle East has recently been awarded a suite of subsea services contracts for air diving services including air diving for pipeline free-span correction and a subsea cable lay contract.  All contract awards were secured through Mermaid’s wholly owned subsidiary Subtech Ltd. (Seychelles) […]

  • 1 May 2012
    Business & Finance

    Mermaid Maritime Public Company Limited’s tender assist drilling rig ‘MTR-2’ has recently achieved 1000 (one thousand) consecutive days of no lost time accidents (NTLA). The ‘MTR-2’ is currently supporting Chevron’s drilling campaign in Indonesia through Mermaid’s operations base in Balikpapan. Her sister rig ‘MTR-1’ has also arrived in Indonesia and is preparing to commence its […]

  • 14 October 2016
    Business & Finance

    Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has notified that, as of today, October 14, 2016 Raza Ullah Khan will no longer be performing his duties of the company’s chief financial officer. Raza Ullah Khan, who was just appointed over a month ago, previously served as CFO of […]

  • 3 August 2017
    Business & Finance

    Mermaid Maritime’s Singapore subsidiary has recently been awarded a subsea contract with an estimated value of $5 million. The contract was awarded by an unnamed international upstream oil and gas company. The work is scheduled to start in the third quarter and to be completed in the fourth quarter of 2017, Mermaid Maritime said in a […]

  • 19 June 2012
    Business & Finance

    Mermaid Maritime Public Company Limited announced the appointment of Mr. Prasert Bunsumpun as its new Chairman of the Board of Directors, as well as the appointments of Mr. Chalermchai Mahagitsiri, Mr.  Joseph Chia, Mr. Ng Cher Yan and Mr. Joachim Toh as new Directors. The appointments of Mr. Prasert Bunsumpun, Mr. Chalermchai Mahagitsiri and Mr. […]

  • 11 October 2016
    Project & Tenders

    Mermaid Maritime’s joint venture company, Zamil Mermaid Offshore Services Company (ZMOS), has retained a long-term offshore inspection, repair, and maintenance (IRM) services contract with an undisclosed client where the rendering service day rates have been reduced to ensure service continuity to the end of the contract. This reduction in rates was part of a cost […]

  • 15 May 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has recorded a net loss $15.9 million for the three months period ended 31 March 2015. Compared to the last year, the Group’s net profit decreased for US$21.1 million from net profits of US$5.2 million. Mermaid generated revenues of […]

  • 29 October 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid Maritime Public Company Limited announced that a new joint-venture company formed between Mermaid and a local offshore services operator has secured a significant long term offshore inspection, repair and maintenance services contract with a reputable client whereby Mermaid will provide a suite of diving services using one of its modern DP2 dive support vessels […]

  • 31 March 2016
    Business & Finance, Equipment

    Mermaid Maritime has announced that it has been awarded a subsea remotely operated vehicle (ROV) services contract in the Gulf of Thailand with an upstream oil & gas company. The contract was awarded to Mermaid Maritime’s subsidiary Mermaid Subsea Services (Thailand). The scope of work includes, but is not limited to, structure and sea line […]

  • 14 October 2016
    Business & Finance

    International subsea and offshore drilling services company Mermaid Maritime has relieved its chief financial officer (CFO) of his duties. In addition, Mermaid’s executive VP has decided to resign from his position. Mermaid said on Friday that the company’s CFO, Raza Ullah Khan, was relieved of his duties effective immediately due to internal restructuring of the company […]

  • 25 November 2015
    Research & Development

    Thailand-based PTT Exploration and Production Public Company Limited (PTTEP) and Mermaid Maritime have signed a memorandum of understanding (MoU) for Cooperation on Research and Development of Autonomous Underwater Vehicles (AUV) at Energy Complex Building. The MoU was signed by Phongsthorn Thavisin, Executive Vice President, Technology and Sustainability Development Group of PTTEP and Chalermchai Mahagitsiri, President […]