Mermaid Maritime Public Company says wholly-owned subsidiary Mermaid Offshore Services (MOS), the provider of subâ€sea engineering services to the offshore oil and gas industry, has secured a contract providing Remote Operated Vehicle (ROV) services for a major oil and gas operator in the Sakhalin region for US$2.8 million ($3.9 million).
Posts Tagged ‘mermaid’
Mermaid Maritime unit secures $4m contract to provide ROV services in Sakhalin
June 4th, 2010 |
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Mermaid Maritime +4.1%; suited for Chevron: UOB
June 4th, 2010 |
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Mermaid Maritime (DU4.SG) +3.1% at $0.51 as drilling group bags US$24.5 million ($34.5 million) contract to service repeat customer Chevron in Indonesia, according to Dow Jones.
Mermaid Maritime unit wins $34.4m drilling contract from Chevron Indonesia
June 3rd, 2010 |
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Mermaid Maritime Public says subsidiary MTRâ€2 Ltd has secured a contract award with Chevron Indonesia to provide drilling services using the tender drilling rig MTRâ€2 in Chevron’s offshore oil and gas fields in Indonesia.
Mermaid Maritime started at ‘outperform’ by CIMB
April 21st, 2010 |
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Mermaid Maritime (DU4.SG) has been initiated at “outperform” by CIMB with $1 target price; target based on 12x 2011 P/E (5-year peer average).
Mermaid Maritime units bags $15m subsea services contract with Chevron in Gulf of Thailand
February 25th, 2010 |
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Mermaid Maritime says wholly-owned subsidiary Mermaid Offshore Services, the provider of subâ€sea engineering services to the offshore oil and gas industry, has secured a three-year contract worth US$15 million ($21 million) to provide Chevron with call-out turnkey diving and remotely operate vehicle (ROV) services and turnkey saturation diving vessel services to support its oil & gas offshore facilities and offshore fields in the Gulf of Thailand.
Mermaid Maritime Public Co rated buy
February 17th, 2010 |
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DBS Vickers Securities in a Feb 17 research report says: “Revenue of Bt1.1 billion, while down 32% y-o-y, was in line given the expected weak utilisation rates on its subsea and drilling fleet. Mermaid has net cash of Bt753.5 million, following its Bt3.7 billion rights issue in Nov 2009.
Mermaid Maritime unit, KD Marine join forces to provide sub-sea services in Europe with Mermaid …
January 8th, 2010 |
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Mermaid Maritime Public Company, the offshore marine services and support company based in Thailand, says wholly-owned subsidiary Mermaid Offshore Services and KD Marine of Aberdeen have have agreed to cooperate to provide saturation, air diving, daughter craft and remotely-operated vehicle (ROV) services from the dive support vessel (DSV) Mermaid Endurer in Europe.
Mermaid Maritime takes delivery of ROV support vessel Mermaid Sapphire
December 1st, 2009 |
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Mermaid Maritime Public Company says unit Mermaid Offshore Services (MOS), a provider of sub-sea engineering services to the offshore oil and gas industry, has taken delivery of Remotely Operated Vehicle (ROV) support vessel M.V. Mermaid Sapphire yesterday from its shipbuilder Jaya Shipbuilding & Engineering.
Mermaid Maritime says the addition of M.V. Mermaid Sapphire expands MOS’s sub-sea fleet capacity to seven vessels. MOS also expects to take delivery of another two newbuild Dive Support Vessels (DSVs), the M.V. Mermaid Asiana and M.V. Mermaid Endurer by the first calendar quarter of 2010.
Mermaid Maritime Public Co rated buy
December 1st, 2009 |
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DBS Vickers Securities in a Nov 30 research report says: “Mermaid reported headline net profit of Bt714.5 million (-38% y-o-y) on revenue of Bt5.2 billion (-1% y-o-y). An improved performance from the drilling division was offset by weak utilisation on its subsea fleet, leading to a flat y-o-y performance at the EBIT level.