Twin Brothers Appoints Theriot VP
Twin Brothers Marine (TB), which is in heavy steel fabrication for the oil & gas, infrastructure and renewables industries, appointed Wayne P. Theriot as vice president of finance.Theriot will be based in Louisiana and joins TB from TTMK Holdings, a family operated private equity company consisting of 17 separate companies in Louisiana and California, where he served as chief financial officer (CFO). During his 30-year career, he has held CFO and vice president roles in offshore rental and rigging and food distribution companies in the region.
Tecade Ships Out First Moray East TP
The first transition pieces manufactured by the Spanish steel fabrication company Tecade for the 950MW Moray East offshore wind project in Scotland have departed from the Port of Seville.The pieces are sent by sea from Seville to Navantia in Puerto Real, where the assembly with the upper part of the jacket will take place, said a press note from the metal heat treating service provider in Spain.In total there will be 20 TPs that once assembled, will finally be destined to Newcastle (UK) for the complete assembly of the structure.In this way…
Wind Consortium Weighs in on MD Offshore Developments
The Maryland Public Service Commission Finances Two Offshore Wind Projects. The Business Network For Offshore Wind commends the Maryland Public Service Commission for awarding financing for two offshore wind projects. The Maryland Public Service Commission’s (MD PSC) approval and financing of US Wind and Skipjack Offshore Energy, LLC’s combined 368 MW projects solidify offshore wind as a US industry. Maryland has more than 800 businesses working in and around Baltimore’s ports many of which have potential to provide support for scaling the U.S. offshore wind industry.
Singapore’s Survivability
Singapore’s shipyards are looking to recent investments in capacity, design and newly acquired technology to combat order declines after a decades-long offshore buildup. Sembcorp and peer Keppel are making the most of partnerships in FLNG and showing signs they’ll be okay through the downturn, helped by their gas-hungry Australasian backyard and renewed ties with old charterer parties and suppliers. With drilling contractors unable to pay for the offshore rigs they’ve ordered, Singapore’s heavyweight yards have had to defer deliveries and become defacto rig owners.
AVEVA to Acquire FabTrol Systems
AVEVA Group plc announces that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group of Companies the acquisition is expected to complete by Friday 26 June 2015. FabTrol is a software business, headquartered in Eugene, Oregon with operations in North America and the United Kingdom, providing fabrication management software to the steel fabrication industry. The consideration of $6.5 million has been funded through AVEVA's existing cash resources. The acquisition is expected to be earnings enhancing in FY16.
