ADX Energy has appointed London-based Edouard Etienvre as non-executive director, following the resignation of Rob Brown due to increased overseas work commitments that will requir
Fremantle-based MMA Offshore will acquire Neptune Marine Services in a cash-and-scrip deal worth around $18.5 million, as it seeks to expand its services business.
The tougher business climate has prompted some WA companies to cut executive salaries, but most have held the line and some have even awarded pay rises.
Neptune Marine Services has won a 12-month contract extension from engineering firm Monadelphous Group for marine facilities inspection and maintenance work for an undisclosed amount.
Neptune Marine has lodged a net loss of $39.9 million for the year ended June 30, after taking a goodwill impairment to the tune of $35 million following a review of the performance of its individu
Neptune Marine Services has formed a strategic alliance to undertake a $14.5 million geotechnical and geophysical surveying contract for Hess Exploration Australia at the Equus gas field on the Nor
Subsea engineering firm Neptune Marine Services has sold its Henderson-based fabrication division to privately-owned Kempe Engineering for approximately $400,000.
Singaporean engineering firm MTQ now holds a 12 per cent stake in Neptune Marine, after the struggling shipbuilder and engineering firm announced it had reached the minimum subscription level in its $80.6 million capital raising.
Neptune Marine says a review of its operational and financial structure has set a platform for a return to profit, following the lodgement of its prospectus for an $80.6 million capital raising.
Struggling engineering group Neptune Marine Services has announced a deeply-discounted $80.6 million capital raising to reduce its debts, after its major bank agreed to a major restructuring of its loan facilities.
The chairman of Neptune Marine has promised wholesale changes at the company after the engineering contractor recorded an operating loss of $6 million in the September quarter.
Neptune Marine Services has secured a 14 month contract extension to its involvement with the Gorgon Project after being awarded two new contracts worth $12 million.
Neptune Marine Services says it has extended its scope of work at the massive Gorgon gas project as it secures various new works valued at $12 million.
Shares in Neptune Marine Services have risen after the company said activity levels were picking up, as it today reported a $296,000 loss for the half-year.
Shares in oil and gas contractor Neptune Marine Services have fallen almost 14 per cent in trading today after the company announced its earnings for the first half of FY2010 will be well below that of the previous corresponding period.
Neptune Marine Services today announced that its Aberdeen-based division has been awarded new multi-million dollar contracts from Shell UK and GE Oil and Gas.
Neptune Marine Services has been awarded a new round of international contracts in the oil and gas sector, including work for Apache Energy and at the North West Shelf, valued at more than $20 million.
Neptune Marine Services closed higher today after announcing it has ceased negotiations regarding its $12 million acquisition of Singapore-based Core IRM.
Engineering outfit Neptune Marine Services has entered into an agreement to acquire an Aberdeen-based oil and gas survey support company for $31.4 million, with the bulk to be paid in cash.
Marine engineering outfit, Neptune Marine Services has posted a profit of $21 million for the year to June 30, an increase of almost 200 per cent on the previous year's $7.4 million thanks to its diverse service offering and strong revenue gains.
THE global financial crisis had a marked impact on Western Australia's engineering contractors during the year as the slowdown forced resources companies to scale back and defer numerous new developments and expansions.
