Search results for: Otto Candies

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  • 28 December 2011
    Business & Finance

    Otto Energy Ltd has executed the final farm‐in agreements supporting BHP Billiton’s earlier decision to enter into Service Contract 55, Offshore Palawan, Philippines. The execution of the final documents follows the previously announced decision by BHP Billiton to exercise their farm‐in option in May 2011. With the execution of these final farm‐in agreements, Otto will […]

  • 16 May 2012

    Otto Marine Limited, a Singapore-based company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, has secured contracts worth a total of US$16.6 million for two AHTS vessels in the African waters. The Group has secured a 3-year time-charter contract worth US$14.8 million for its 7,200 bhp AHTS with […]

  • 7 January 2015
    Project & Tenders

    DOF Subsea has been awarded several contracts in the North America region by key clients and oil majors in the Gulf of Mexico. The contract awards will give a utilization of the chartered-in vessels Ross Candies by 4 + 5 months and Chloe Candies by approx. 3 months. The contracts will start in January 2015, […]

  • 30 September 2015
    Business & Finance

    Sandy Beach and its parking lot will be closed to all pedestrian and vehicle traffic until February 1, 2016, due to the Cohasset Harbor dredging project, according to the Town of Cohasset. The city also said that the Parker Avenue Boat Ramp will be closed starting October 1, 2015 until project completion. The contract, awarded on […]

  • 2 April 2015
    Business & Finance

    Otto Marine Limited, an offshore marine company, has announced today that the Group has appointed existing Executive Director, Michael See Kian Heng as its Group Chief Executive Officer. The former Group CEO, Garrick James Stanley, will take up the role of President of the Group’s Shipping and Chartering segment, which is the largest segment contributor of the […]

  • 11 December 2013
    Business & Finance

    The U.S. Army Corps of Engineers, Jacksonville District, announced today that construction activities are ongoing with the Palm Beach County Beach Erosion Control Project. The work is in response to impacts from Hurricane Sandy’s passage in 2012. Beach renourishment provides significant storm damage protection benefits for upland structures in addition to restoring shorebird and marine […]

  • 18 October 2017
    Business & Finance

    Two popular beaches in Airlie Beach will be rejuvenated with new sand over the next fortnight, jointly funded by the Commonwealth and Queensland Governments under the Natural Disaster Relief and Recovery Arrangements (NDRRA), Whitsunday Regional Council said in its latest release. When Tropical Cyclone Debbie hit the Whitsundays in March and some sandy beaches were eaten […]

  • 9 April 2014
    Business & Finance, Equipment, Technology

    At a press conference recently held at the Waterfront Library in Keansburg, N.J., Rep. Frank Pallone announced progress on the Army Corps of Engineers’ Keansburg Beach Hurricane and Storm Damage Risk Reduction Project. The replenishment effort, which is broken into four contracts, began in late 2013, with the first 1 million cubic yards of sand […]

  • 1 March 2013

    On Tuesday this week the UK and Ireland Vessel Co-operative conference took place under the motto “Team – Together Eevryone Achieves More”, at the Furzedown Hotel in Great Yarmouth. Following the welcoming speeches by co-organiser Andy Iannetta and the Mayor of Great Yarmouth, the delegates from wind farm support vessel operators and other companies and […]

  • 8 November 2012
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    The team have arrived in Punta Arenas, Chile and are getting ready to travel to Lake Ellsworth in the heart of Antarctica. After 16 years of planning the countdown is on for one of the most ambitious scientific missions in Antarctica. Twelve British scientists, engineers and support staff are heading into the interior of this […]

  • 9 March 2020
    Business & Finance

    French cable supplier Nexans has appointed Jane Basson and Sylvie Jéhanno as censors with a view to proposing their candidature as members of the board of directors to the 2020 shareholders’ general meeting. As censors, Jane Basson and Sylvie Jéhanno will attend board of directors meetings with a consultative role. If they are appointed by […]

  • 10 March 2014
    Business & Finance, Operations & Maintenance

    Otto Energy Ltd (Otto) provides an update on the Galoc oil field reserves in the Philippines as at 1 January 2014. The operator of the Galoc oil field, Galoc Production Company WLL, a wholly owned subsidiary of Otto, has commissioned an annual review of remaining oil reserves from RISC, an independent consulting firm. The annual […]

  • 26 March 2014
    Business & Finance, Equipment, Technology

    The Port Commission of the Port of Houston Authority approved a $68 million construction contract with Orion Construction L.P. for Bayport and Barbours Cut channel improvements. These significant dredging projects will begin following issuance of the U.S. Army Corps of Engineers permits and approval of its assumption of maintenance of the channels, Executive Director Roger […]

  • 8 September 2017
    Business & Finance

    Maintenance dredging work at Bandy Creek has been completed, according to the WA Government latest report. The Department of Transport (DoT) reported that larger commercial fishing, charter industry and recreational vessels will now have safe access to Bandy Creek Boat Harbor, following the completion of the maintenance dredging project. DoT Coastal Infrastructure General Manager, Steve Jenkins, […]

  • 23 June 2015
    Exploration & Production

    Bloomberg Business earlier in June reported that the offshore drilling contractor Pacific Drilling was being looked at by Transocean, Ensco and Seadrill as a potential takeover candidate. Also, it has been reported that Chevron, the driller’s largest customer has cancelled a Gulf of Mexico rig tender due for an award at the end of the year. […]

  • 29 October 2015
    Business & Finance

    On the third anniversary of Hurricane Sandy striking the Northeast on October 29, 2012, the USACE continues to move forward with authorized and funded projects, completing the 25th and final Flood Control and Coastal Emergency project and making visible progress in other project areas. Together with its federal, state, local and industry partners, the Army […]

  • 24 February 2014
    Business & Finance

    Otto Energy Ltd  has appointed Matthew Allen to the position of Chief Executive Officer (CEO) effective immediately, following the mutually agreed resignation of Gregor McNab due to personal reasons. Since joining Otto as Chief Financial Officer in November 2009, Allen has played an integral role in implementing Otto’s strategy to build a successful international oil and gas company, through assembling an exploration […]

  • 11 December 2015

    Byron Energy has entered into a binding participation agreement with Otto Energy whereby the latter will pay a part of drilling costs to gain a stake in Byron’s three U.S. Gulf of Mexico projects.  This agreement covers three of Byron’s existing projects, with Otto contributing up to $17.3 million in drilling costs and past expenditure […]

  • 16 December 2014
    Business & Finance, Project & Tenders

    Major renourishment project aimed to restore dunes that were hit by the winter storms has been underway at Sandy Neck. Each year, high winds and waves cause damage to the front dune at Sandy Neck, and sacrificial sand is put in place to protect the parking lot and shoreline. About 5,500 cubic yards of sand was […]

  • 10 November 2015
    Business & Finance

    Larger commercial fishing, charter industry and recreational vessels now have safe access to Bandy Creek Boat Harbor after the success of an innovative dredging method trialed at the Department of Transport (DoT) facility. DoT Coastal Infrastructure General Manager, Steve Jenkins, said that the recent routine maintenance dredging operation, costing $1.1 million and undertaken every two […]

  • 22 October 2015
    Business & Finance

    The U.S. Army Corps of Engineers, Omaha District, has awarded a $577,000 contract to Western Contracting of Sioux City, Iowa, for adaptive management at the Sandy Point Bend chute complex in Harrison County, Iowa. Work will begin this month with completion expected by the end of December 2015. The chutes at Sandy Point Bend were […]

  • 27 October 2014
    Business & Finance, Equipment, Technology

    Ahead of the second anniversary of Superstorm Sandy, U.S. Senator Charles E. Schumer released the first “Sandy Infrastructure Inventory” of the historic $17 billion investment of federal Sandy aid funding to date, that has gone towards resilient green infrastructure, transportation, coastal protection and municipal infrastructure. That number is likely to rise close to $25 billion […]