Search results for: SBI Offshore

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  • 26 November 2015

    SBI Offshore, a provider of engineering, fabrication and equipment solutions to the offshore and marine industry, has terminated its joint venture with Axon Energy Products Inc. (Axon), an oilfield services company headquartered in Houston.  SBI Offshore and Axon formed the joint venture company Axon Rig Concept & Design Asia Pte. Ltd. (ARCDA) in Singapore, in July 2014. At […]

  • 27 August 2014
    Business & Finance

    Singapore’s SBI Offshore is in talks with an unnamed Middle East-Chinese consortium to build up to five jack-up drilling rigs. SBI Offshore last week secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters for the same client. The company […]

  • 26 February 2016
    Business & Finance, Exploration & Production

    Singapore’s SBI Offshore announced on Thursday that a consortium of six Middle East-Chinese parties have terminated a $24 million worth jack-up drilling rig design and engineering contract it had with SBI. SBI Offshore said that the consortium filed a termination request in view of the downturn in the offshore and marine industry caused by low oil prices. The contract, under […]

  • 2 July 2014
    Equipment

    SBI Offshore Limited has agreed to form a joint venture (“JV”) with Axon Energy Products Inc. (“Axon”) of the United States to market, install, commission and provide after-sales services for oil and gas drilling equipment and systems in Asia in a major strategic business shift for the offshore and marine (“O&M”) player. SGX Catalist-listed SBI […]

  • 30 December 2014
    Equipment

    China Sunrise Group Co. Ltd. (“CSG”) has appointed Singapore’s SBI Offshore Limited as the lead contractor responsible for procurement of drilling equipment systems for a CS70 semi-submersible offshore rig. Designed by Moss Maritime of Norway, the rig will be built in China. Guangzhou-based CSG, which will own the proposed rig, has entered into a memorandum of intent […]

  • 19 August 2014
    Business & Finance, Equipment

    SBI Offshore Limited has secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters. SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M Pte. Ltd., signed the contract with a Middle East-Chinese Consortium which comprises six parties that have varied […]

  • 16 July 2014
    Business & Finance, Equipment, Project & Tenders

    SBI Offshore Limited has announced today that it expects to complete a major Engineering, Procurement, Construction and Commissioning (“EPCC”) project for a Malaysian client worth approximately US$30 million on 23 July 2014 for final delivery at the end of the month. The SGX Catalist-listed O&M player said that the EPCC project – involving a Derrick Equipment Set secured in 2012 […]

  • 9 October 2014
    Business & Finance

    SBI Offshore Limited has announced the resignation of Giang Sovann as Executive Director of the Company effective from 8 October 2014. Following his resignation, Giang Sovann has relinquished his position as a member of the Board Risk Committee. According to the company’s release Sovann tendered his resignation due to health reason. The company said in the release […]

  • 27 August 2014
    Business & Finance

    A Middle-East Chinese Consortium has expressed interest in ordering up to five offshore rig units from Singapore-listed SBI Offshore Limited. The rigs would meet the American Bureau of Shipping Classification requirements for operating in water depths of up to 110 meters. SBI has already started negotiations with the consortium for the management and construction of the rigs, which […]

  • 26 May 2010
    Authorities & Government, Business & Finance

    After almost a decade long fight, the federal government has approved the first offshore wind farm in the United States in the waters off Cape Cod. The Cape Wind project entails the construction of 130 wind turbines in Nantucket Sound, Massachusetts and will start generating electricity by 2012. The Cape Wind project is a major […]

  • 27 August 2010
    Research & Development

    Renewable energy is receiving a big push from the Obama Administration and from governments around the globe. Stimulus packages and government incentives for green technology has created jobs and established new industry, which in turn has sparked a brighter outlook on the world’s economy. Going into 2011 and beyond, SBI Energy has identified six clean […]

  • 27 August 2010
    Research & Development

    Renewable energy is receiving a big push from the Obama Administration and from governments around the globe. Stimulus packages and government incentives for green technology has created jobs and established new industry, which in turn has sparked a brighter outlook on the world’s economy. Going into 2011 and beyond, SBI Energy has identified six clean […]

  • 1 August 2017
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    PanGeo Subsea has recently been awarded its 20th unexploded ordnance UXO survey. The North Sea offshore wind farm project will consist of a UXO survey covering an area of some 18km2 for export cables, inter-array cables and offshore platforms. PanGeo’s sub bottom imager (SBI) will again be used as the sub-seabed depth of investigation is […]

  • 1 August 2017
    Technology

    PanGeo Subsea has secured a contract to carry out an unexploded ordnance (UXO) survey on an offshore wind farm in the North Sea.

  • 31 May 2006

    Authorities in Barbados are trying to identify the bodies of 11 young West African men found in a boat which had been adrift for months. It is thought the men were part of a group of about 50 immigrants whose ship got lost while en route to Spain’s Canary Islands from West Africa, drifting thousands […]

  • 5 May 2010
    Business & Finance

    The worldwide shift towards the development of offshore wind farms is facilitating countries to increase adoption of wind energy, while… [mappress] Source: reportlinker, May 05, 2010;

  • 24 August 2018
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders, Research & Development

    Aberdeenshire-based ROV and engineering firm, Aleron Subsea, has won the first contract for its new hybrid TRACKROV technology which will see it supporting UXO clearance work on an offshore wind project in the Netherlands. The TRACKROV vehicle has been built to operate on the seabed for extended periods and in currents of up to three […]

  • 16 August 2018
    Technology

    Aberdeenshire-based remotely operated vehicle (ROV) and tooling engineering firm, Aleron Subsea, has won its first contract for its new hybrid TRACKROV technology which will see it supporting unexploded clearance work on an offshore wind project in the Netherlands.

  • 14 February 2014

    ONGC Videsh Limited (OVL), the overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has entered into separate agreements with two consortiums of international banks to raise USD 2.5 billion by way of offshore borrowings to finance its acquisition of 10% participating interest in Rovuma Area I Block in Mozambique offshore. The first facility […]

  • 10 March 2020
    Business & Finance

    Caiman Software Developments has been awarded a contract by PanGeo Subsea to supply and implement its  ‘Caiman IQ’ software system as an integral part of the client’s business management system. Lynne Adu, PanGeo’s vice president Commercial said: “PanGeo Subsea is happy to be working with Caiman Software Development as we continue to grow and strengthen […]

  • 14 February 2014

    ONGC Videsh Limited (OVL), the overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has entered into separate agreements with two consortiums of international banks to raise USD 2.5 billion by way of offshore borrowings to finance its acquisition of 10% participating interest in Rovuma Area I Block in Mozambique offshore. The first facility […]

  • 9 November 2016
    Business & Finance

    Due to a soft chemical tanker sector, the chemical shipping company Navig8 Chemical Tankers reported a drop in net income to USD 3.7 million for the three months ended September 30, 2016, compared to a net income of USD 9.6 million seen in the same quarter of 2015. The company said that the decrease in net income […]