Search results for: mermaid

455 results

A list of search results

  • 17 November 2020
    Business & Finance

    Subsea services provider Mermaid has reported net loss of $84.1 million for the three-month period ended 30 September 2020. This result compares with loss of some $6.2 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22 million, versus $27 million in Q3 2019 – down some 19 per cent. […]

  • 21 September 2020
    Business & Finance, Business developments & projects

    Offshore vessel provider Mermaid Maritime has entered into a joint venture with Meitech to enhance offshore transport, installation, and decommissioning capabilities in Thailand.

  • 18 September 2020
    Business & Finance, Business developments & projects, Collaboration, IT & Software, Research & Development, Technology

    AI and Robotics Ventures (ARV), a subsidiary of PTT Exploration and Production, and Mermaid Subsea Services (Thailand) have formed a joint venture called ZeaQuest to develop subsea AI and robotic technologies. The aim is to provide underwater IRM services to oil & gas and renewable energy sectors in Asia and globally. ZeaQuest has a registered […]

  • 7 September 2020
    Business & Finance

    Subsea and drilling services player Mermaid said that Mark Midgley has resigned from his position of chief operating officer. Midgley became COO of Mermaid in January 2018. In his most recent role, he was responsible for managing and overseeing the subsea services business of the company in South East Asia and the North Sea. Midgley’s […]

  • 30 June 2020
    Business & Finance, Business developments & projects

    Mermaid Maritime has established an Offshore Transportation, Installation, and Decommissioning services business unit, targeting work opportunities in the Gulf of Thailand.

  • 29 May 2020
    Business & Finance

    Subsea and drilling services provider Mermaid said that Philippe Grasset has submitted his resignation as deputy chief executive officer of the company. The parties have agreed that the effective date of his resignation will be on 1 July 2020. Philippe Jean Paul Grasset took the position of deputy CEO in October 2019. Grasset came to […]

  • 22 May 2020
    Business & Finance

    Subsea and drilling services provider Mermaid has reported net loss of $10.3 million for the three-month period ended 31 March 2020. This result compares with loss of some $4 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22.2 million, versus $26.2 million in Q1 2019 – down some 15 […]

  • 24 February 2020
    Storage

    The consortium of ENGIE Fabricom, Smulders and DEME Offshore has loaded out the offshore substation destined for the Mermaid offshore wind project in Belgium.

  • 24 February 2020
    Storage

    The consortium of ENGIE Fabricom, Smulders and DEME Offshore has loaded out the offshore substation destined for the Mermaid offshore wind project in Belgium.

  • 10 February 2020
    Business & Finance, Operations & Maintenance

    Mermaid Maritime has incorporated an indirect wholly owned subsidiary – Mermaid Subsea Services in the United Kingdom (MSS UK) on 7 February 2020. The Singapore-listed company said it intends to utilize MSS UK as a vehicle to expand the provision of its subsea and related services into the North Sea sector. MSS UK IS is […]

  • 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. 

  • 21 November 2019
    Operations & Maintenance, Research & Development, Technology

    Swedish wave energy developer CorPower Ocean has become the latest renewables operator to adopt Mermaid software to assess weather risk and accurately plan its construction and operation and maintenance activities. CorPower will use the software to support decision-making in the early planning stage at the HiWave 5 Demonstrator Project that, ultimately, will lead to significant […]

  • 15 November 2019
    Business & Finance, Operations & Maintenance

    Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net loss of $6.4 million for the three-month period ended September 30, 2019. This result compares with loss of some $1.9 million in the corresponding period in 2018. The Singapore-listed company generated quarterly revenue of $27 million, […]

  • 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.

  • 29 October 2019
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid’s joint-venture company in Middle East has secured a three-year contract extension for offshore inspection, repair and maintenance services with an oil and gas national company. The extension is in direct continuation to its initial seven-year contract period, whereby Mermaid will continue to provide a suite of diving services using its DP2 saturation dive support […]

  • 9 August 2019
    Operations & Maintenance, Project & Tenders

    Mermaid Maritime’s Middle East and South East Asian business units have secured subsea contracts with a combined total value of approximately USD 7.4 million. The first part of work, starting in the third quarter of 2019, involves use of a Mermaid air dive system and a light work-class remotely operated vehicle (ROV) carrying out air […]

  • 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.

  • 17 June 2019
    Business & Finance

    Subsea services provider Mermaid said it has entered into a facility agreement with the Export-Import Bank of Thailand to loan up to USD 65 million. With this deal Mermaid aims to to extend the financing two vessels the Mermaid Endurer and Mermaid Asiana, for a further period of five years with the same lender. The […]

  • 14 June 2019

    A subsidiary of offshore vessel provider Mermaid Maritime has entered into a $65 million loan facility agreement with the Export-Import Bank of Thailand (Exim).

  • 6 March 2019

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

  • 1 March 2019
    Business & Finance, Operations & Maintenance

    Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net loss of $27.3 million for the twelve-month period ended December 31, 2018. This result compares with profit of some $4.2 million for the twelve months period in 2017. The Singapore-listed company generated revenue of $98 million, […]

  • 9 November 2018
    Business & Finance, Operations & Maintenance

    Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net loss of $1.9 million for the three-month period ended September 30, 2018. This result compares with quarterly loss of some $2.1 million in the corresponding period in 2017. Sequentially, net loss also narrowed from $7.7 million […]

  • 8 October 2018
    Business & Finance, Operations & Maintenance, Project & Tenders

    Mermaid Maritime’s Middle East business unit has been awarded a subsea services contract in a G.C.C country. The initial contract value is said to be USD 17 million. The contract duration is for 180 days, starting in May through to October 2019. The project will involve the use of the DP2 dive support vessel Mermaid […]

  • 8 October 2018
    Business & Finance

    Mermaid Maritime has been awarded a subsea services contract in a GCC country with an initial contract value of $17 million.

  • 14 August 2018
    Business & Finance, Operations & Maintenance

    Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net loss of $7.7 million for the three-month period ended June 30, 2018. This result compares with quarterly profit of some $3.6 million in the corresponding period in 2017. The Singapore-listed company generated revenue of $21.5 million, […]