Singapore-based offshore support vessel operator PACC Offshore Services Holdings, or POSH, is set to go private on Wednesday.OEDigital reported last week that Quetzal Capital, a Kuok Group company, had launched compulsory acquisition for the remaining shares of the offshore vessel operator…
Quetzal Capital, a Kuok Group company, has launched compulsory acquisition for the remaining shares of the Singapore-based offshore vessel operator PACC Offshore Services Holdings, also known as POSH. Quetzal had launched a cash takeover offer for POSH back in November 2019…
Spanish oil firm Repsol has hired Malaysia's Tanjung Offshore services for offshore work in Malaysia and Vietnam.Tanjung Offshore, a subsidiary of T7 Global, will provide maintenance, construction, and modification services at Repsol's PM3-CAA block located between Malaysia and Vietnam…
The Kuok Group, through its investment vehicle Quetzal Capital, announced a voluntary conditional cash offer to buy out Singapore-listed PACC Offshore Services Holdings Ltd (POSH).Quetzal Capital said that the conditional offer to acquire all of POSH for S$0…
PACC Offshore Services Holdings (POSH), an Asian operator of offshore support vessels, with a diversified fleet servicing offshore oil and gas E&P activities, said its joint venture, POSH Terasea (PTPL) would be voluntarily liquidated by creditors…
Singapore-listed operator of offshore support vessels PACC Offshore Services Holdings (POSH) has agreed to acquire the 50 per cent stake held by Sembcorp Marine (SMM) in harbour services provider Pacific Workboats Pte Ltd (PWPL) for over US$679…
Icon Offshore Group Sdn Bhd (IOGSB), a wholly-owned subsidiary of Icon Offshore Bhd, has bagged a contract from Petronas Carigali Sdn Bhd to supply an offshore support vessel (OSV).In a stock exchange filing, the Malaysian offshore service provider…
Two providers of subsea and well intervention solutions, China based offshore and subsea solutions company COOEC Offshore and oilfield services company Expro, have formed an alliance agreement to expand capabilities and resources.COOEC Offshore…
Singapore-based offshore marine services provider PACC Offshore Services Holdings Ltd (POSH) and the maritime logistics solutions provider Pacific Carriers Limited (PCL) have selected ABS Nautical Systems (NS) fleet management software to support their digitalization strategy…
German-based Buss Offshore Solutions and French industrial logistics firm IDEA have formed a joint venture to target the French offshore wind market.The JV follows the signing of a declaration of intent in September 2018. The two companies named the JV as Buss IDEA Offshore…
Lee Keng Lin will take over as the new CEO and executive director of Singapore based offshore services provider PACC Offshore Services Holdings (POSH) following the retirement of Gerald Seow Kang Hoe, effective May 1.Lee, who is currently the group's deputy CEO…
Oceanographic technology and marine services provider EOM Offshore announced Tuesday it has acquired the assets and operations of the New Jersey-based marine services provider Ocean Tech Services.Ocean Tech Services has a decade of experience…
Spending on the offshore service sector will outpace spending on the onshore shale sector this year, said Rystad Energy.According to Rystad's Oilfield Service Research report, service companies exposed to the offshore subsea market and the maintenance…
Aqualis Offshore announced Tuesday it has entered into a five-year master services agreement with McDermott Asia Pacific Sdn Bhd to provide engineering reviews and marine warranty services for the company’s offshore operations in Singapore, Vietnam…
U.K. based offshore energy support vessel (OESV) operator Seacat Services said it has seen unprecedented growth in demand for crew transfer vessel (CTV) services across 2018 in offshore wind.The fourth quarter of 2018, is, atypically, seeing surging demand for offshore wind crew transfer…
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