News Articles for MMA Offshore

Mermaid Marine Australia announced today that proposed overtime bans by its employees on the Dampier Supply Base have been lifted.

Workers have returned to their posts at Mermaid Marine's supply base in Dampier, ending industrial action that began last Friday.

Last night's Vinnies' CEO Sleepout saw 107 chief executives sleeping rough in the name of charity, and none did it tougher than Mermaid Marine boss Jeff Weber.

Shares in Mermaid Marine Australia dipped despite the oil and gas services company reporting a 63 per cent increase in first half net profit.

Mermaid Marine Australia has been awarded a two-year contract by Woodside Energy to provide support services for the petroleum company's offshore platforms.

Perth companies Kagara and Mermaid Marine Australia have been added to Standard and Poor's ASX 200 index, as part of the ratings agency quarterly rebalance of its indices.

Oil and gas services company Mermaid Marine Australia has been awarded a $30 million, five-year contract by BHP Billiton Petroleum for work at its $2 billion Pyrenees project off the WA coast.

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.

Marine services contractor, Mermaid Marine posted a 48 per cent jump in full year profit to $26.5 million and expected this to grow due to its involvement with the booming oil and gas industry.

THERE is an interesting collection of businesspeople who wield influence in government due to their roles as board members of major corporatised agencies.

Oil and gas services company Mermaid Marine Australia has reported a 63 per cent lift in its interim net profit on the back of higher margins from its international business.

Mermaid Marine Australia has signed a formal sublease contract with Chevron Australia to support the development of the Gorgon project, in a deal worth some $100 million.

Fremantle-based oil and gas services company Mermaid Marine Australia Ltd has reported a net profit of $17.9 million for the 2008 financial year, up 43 per cent on the previous corresponding period.

Mermaid Marine Australia Limited has completed an institutional placement to raise $36.3 million, including a $8.9 million conditional component which is subject to shareholder approval.

Mermaid Marine Australia has secured a significant multi-vessel contract with Geokinetics, a leading geophysical services company based out of the US.

Fremantle-based oil and gas services company Mermaid Marine Australia Ltd has reported a net profit of $7.5 million for the six months to December 2007, up 19 per cent on the previous corresponding period in 2006.

Fremantle-based marine services company Mermaid Marine Australia Ltd has secured a net profit of $12.5 million, up 36 per cent on the previous year's results, the company has announced.

Fremantle-based marine services company Mermaid Marine Australia Ltd will launch a share purchase plan later this month to fund the purchase of an Anchor Handling Tug vessel, the company announced today.

Fremantle-based marine services company Mermaid Marine Australia Ltd has reversed an earlier decision to merge with Dubai Ports World subsidiary P&O Maritime Services Pty Ltd, saying the previous conditions were no longer appropriate.

Marine services company Mermaid Marine Ltd has reported a sharp increase in net profit to $6.3 million for the half-year to December 2006, up from $1.5 million in the previous corresponding period.

Fremantle-based marine services company Mermaid Marine Australia Ltd will merge with Dubai Ports World subsidiary P&O Maritime Services Pty Ltd through a share-trading arrangement.

Fremantle-based Mermaid Marine Australia Ltd has confirmed that it is in discussion with an unlisted third party regarding a possible merger.

Fremantle-based Mermaid Marine Australia Ltd has signed a joint venture agreement with Toll Holdings to provide supply base services in Broome.

Fremantle-based marine services company Mermaid Marine Australia has announced a post-tax profit of $9.2 million, doubling its operating earnings in the process.

Mermaid Marine has enjoyed a strong recovery in its share price during the past fortnight after forecasting an increase in full-year pre-tax profit to $12 million.

Perth headquartered labour hire and recruitment company Integrated Group Ltd and marine operator Mermaid Marine Australia Ltd have completed due diligence and formal execution of an asset swap transaction announced in October last year.

Sealion Australia P.L & PSA Marine P.L. ceased to be a substantial shareholder

CLOUGH has raised $5.4 million by selling its 11 per cent shareholding in Mermaid Marine to a group of financial institutions.

Have been awarded contract by Woodside to construct and operate an offtake support supply vessel.

Announce the placement of 14.71 million shares at 34 cents each, totalling approximately $5,000,000, to institutional and sophisticated clients of Bell Potter Securities Ltd and

OIL and gas industry maritime service company Mermaid Marine's ambitions in construction are set to become a reality with the purchase of two new vessels for offshore work.

The share price of Mermaid Marine has performed like a stunned mullet for much of the past year.

MARINE and supply base operator Mermaid Marine Group is about to list on the bourse to raise $6.5 million to upgrade and expand its facilities at King Bay on Dampier's Burrup Peninsula.