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Maritime Industrial Services Co. Ltd. Inc. (MIS) Company News
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MIS Wins Refurbishment Contract for Al Bzoom Jackup
Maritime Industrial Services signed a $55.4 million contract this week with Abu Dhabi's National Drilling Company for the refurbishment of the jackup drilling rig Al Bzoom.
7:00 PM EST | March 01, 2010
MIS Receives Delivery Milestone Payment for SeaWolf Onome
MIS received the full Delivery Milestone payment amount from SeaWolf for the completion and delivery of SeaWolf Onome (Hull 105).
8:00 PM EST | July 20, 2009
Petrofac Awards Manufacturing Gig for El Merk Project to MIS
MIS secured a new $4 million contract for the El Merk Project in the Berkine Basin of Algeria. Work will entail mechanical design, procurement and manufacture of five cladded and stainless steel columns for the project.
8:00 PM EST | May 31, 2009
MIS Cites Record Quarterly Profit, Q1 Revenue Up 80%
MIS reports a very positive start to the financial year; revenues continued to grow in the first quarter, reflecting both the company's success in building newbuild backlog during 2008 and the continued strength of its traditional business.
8:00 PM EST | May 20, 2009
MIS Launches Mosvold's Hull 106 Jackup Ahead of Schedule
MIS has successfully loaded out this week its fourth newbuild offshore jackup drilling rig, Hull 106, ahead of schedule.
8:00 PM EST | April 30, 2009
MIS Marks 2 Milestones for Sixth and Seventh Rigs
UAE-based MIS this week marked two milestones on First Energy Bank's Hulls 109 and 110, the sixth and seventh rigs being built by MIS with the keel laying taking place for Hull 109 and steel-cutting for Hull 110.
8:00 PM EST | March 29, 2009
MIS to Revamp Saudi Aramco's SAR 201 Jackup
Saudi Aramco has contracted MIS for refurbishment work on its SAR 201 jackup rig, which will commence in the first week of April in Sharjah.
7:00 PM EST | March 04, 2009
MIS Lands Arabdrill Jackup Refurbishment Gig
Maritime Industrial Services has received a LOI from Arabian Drilling Company of Saudi Arabia confirming a contract to cover rig refurbishment work for ADC's jackup rig Arabdrill 08.
7:00 PM EST | February 17, 2009
MIS Cuts Steel for One of MENAdrill's Two Contracted Jackups
MIS held the official steel cutting ceremony for Hull 109, one of two offshore jackup drilling rigs contracted in September last year to Gulf-based MENAdrill for $364 million.
7:00 PM EST | January 25, 2009
MIS Launches Offshore Jackup KS Endeavour
MIS has successfully loaded out its third new-build offshore jackup drilling rig, Hull 107. MIS currently stands with an order book of $1 billion and a total of seven rigs under construction at its yard.
7:00 PM EST | January 06, 2009
MIS Wraps Up Work on SeaWolf Oritsetimeyin Jackup
MIS has completed the offshore jackup rig Sea Wolf Oritsetimeyin, the world's first F&G Super Mod 2 ever built.
7:00 PM EST | November 16, 2008
MIS Snares $364MM Contract to Build 2 Jackups for MENAdrill
MIS signed its largest contract-to-date worth US $364 million for the detail design and construction of two offshore jackup drilling rigs for MENAdrill, a new US $3 billion offshore drilling and services company.
8:00 PM EST | September 23, 2008
MIS Names New Group CEO
MIS appointed Kevin Hudson as its new Group Chief Executive Officer starting October 3, 2008. The appointment lays the groundwork for MIS' future growth and is in-line with its long-term strategy to substantially develop the Group.
8:00 PM EST | September 15, 2008
MIS Wins Rig Refurbishment Projects, Reports $520MM Backlog
Maritime Industrial Services received several recent rig refurbishment projects worth over $25 million, which brings the amount of rigs currently at MIS' yard to 10. This is the largest number of rigs MIS has ever had at its yard.
8:00 PM EST | August 31, 2008
MIS to Build 2 Jackups for Mosvold
MIS signed new rig-building contracts worth $334 million for the detail design and construction of two offshore jackup drilling rigs, Hull 106 and Hull 108, for Mosvold Middle East Jackup.
8:00 PM EST | July 23, 2008
MIS Takes the Reigns of 3C Metal International
UAE-based Oil & Gas Fabrication Specialists Maritime Industrial Services announced the formal signing of an agreement to acquire 100% ownership of
Dubai-based 3C Metal International LLC.
8:00 PM EST | June 04, 2008
MIS Positioned for Additional Growth
MIS has released its period results for Q1 2008 to March 31 2008. These results display strong Q1 2008 Revenue of US$ 82mn (growth of 40% over Q1 2007), and quarterly net income of US$ 3mn, which is lower than same period in 2007.
8:00 PM EST | May 28, 2008
MIS Positions the Middle East as a Hub for Jackup Construction
Maritime Industrial Services has made the Middle East a hub for the new-build offshore jackup drilling rig business, with the launch and naming of the second offshore jackup drilling rig being built by MIS, the SeaWolf Onome.
8:00 PM EST | April 27, 2008
MIS Reports Continued On-Time Progress on New-Build
Maritime Industrial Services reported the achievement of a further
milestone on the second offshore jackup
rig being built in its Sharjah yard, with the
installation yesterday of the main power
generators on Hull 105.
7:00 PM EST | February 04, 2008
Middle Eastern Jackup Gets a Name: SeaWolf Oritsetimeyin
UAE based Oil & Gas Fabrication Specialists Maritime Industrial Services Co. Ltd. Inc undertook the naming ceremony of the very first offshore jack-up drilling rig to be built in the Middle East region, SeaWolf Oritsetimeyin.
7:00 PM EST | January 13, 2008
MIS Launches First Mid-East Built Jackup
Maritime Industrial Services has achieved a significant milestone today as it has successfully loaded out and launched the first offshore jackup drilling rig to be built in the Middle East region, SeaWolf Oritsetimeyin.
7:00 PM EST | December 16, 2007
MIS Cuts Steel on Third New-Build Jack Up Rig
MIS held the official steel cutting ceremony for the construction start of the company's third "new build" jack up drilling rig.
8:00 PM EST | October 28, 2007
Maritime Industrial Services Acquires Stake in Gulf Marine Services
Maritime Industrial Services enters the marine vessel and jack-up service barge market by acquiring stake in the leading builder and operator of jackup service barges in the Middle East, Gulf Marine Services.
8:00 PM EST | September 26, 2007
MIS Reports No Material Damage from Major Fire in Sharjah Port
MIS reported that the major fire which destroyed the facilities of Emirates Lube Oil Company in Sharjah Port caused no damage to its main shipyard and fabrication facilities.
8:00 PM EST | August 19, 2007
Maritime Industrial Services Reports Increase in Profits
Maritime Industrial Services Co Ltd reports a 101.6% increase in net profits for the year ending 2006.
7:00 PM EST | February 07, 2007
MIS Receives Second Refurbishment Contract from Arabian Drilling
MIS has been awarded the rig refurbishment contract of Arabian Drilling's AD-8 rig without tender. The first part of the contract for new leg sections is scheduled to start in January and be completed within June 2007.
7:00 PM EST | January 24, 2007
MIS Taps Seven Seas Marine and Thermo LLC for Rig Project
On November 1, 2006 M.I.S. issued a Letter of Intent for the accommodation units for th two Super M2 jackups to Seven Seas Marine Services based in Dubai, UAE and to Thermo LLC Offshore & Industrial Division based in Sharjah, UAE.
7:00 PM EST | November 27, 2006
Maritime Industrial Services Lists on the Norwegian OTC Market
Maritime Industrial Services has successfully closed a Norwegian Kroner (NOK) 506 million (approximately US $76 million) share issue and sale of shares, and is listed on the Norwegian Over the Counter (OTC) market.
7:00 PM EST | November 15, 2006
Gulf Capital Acquires Stake in Maritime Industrial Services Co.
Gulf Capital has acquired, as part of a large investment consortium, a 21% stake in Maritime Industrial Services Co., a regional leader in the oil and gas construction and services industry.
7:00 PM EST | November 06, 2006
NPCC Wins Another Indian Offshore Project
National Petroleum Construction Company (NPCC) has again won one more prestigious EPC Offshore Project viz. C-Series Wellhead Platforms from Indian oil major, MIs.
7:00 PM EST | November 01, 2006
MIS Shipyard to Build Two Jackups for Mosvold Jackup Ltd.
Maritime Industrial Services signed a contract with Mosvold Jackup Ltd. to build two Friede & Goldman designed Super M2 jackups at MIS yard in Sharjah, United Arab Emirates, with options to build a further two units in the future.
8:00 PM EST | April 24, 2006