Neptune Marine Services Company News

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MMA Offshore to Acquire Neptune Marine Services
Wednesday, July 24, 2019 Australia-based MMA Offshore Limited entered into an agreement to acquire Neptune Marine Services Limited's key operating subsidiaries for A$18.5 million (US $12.9 million).

Neptune Marine Services Bags Quadrant's Contract for Work Off Australia
Tuesday, September 27, 2016 Neptune Marine Services bags inspection support services contract from Quadrant Energy for work offshore Australia.

Neptune Marine Services Wins Contract from PTTEP Australasia
Thursday, July 28, 2016 Australia's Neptune Marine Services wins inspection services contract from PTTEP Australasia.

Neptune Bags Kitan Disconnection Project Contract from Technip
Thursday, February 11, 2016 Neptune Marine Services bags a contract from Technip for the Kitan disconnection project in the Australia-Timor Leste Joint Petroleum Development Area.

NMS Bags Maintenance Diving Contract for Chevron's Australian Projects
Thursday, January 14, 2016 Neptune Marine Services bags a marine maintenance diving contract from Chevron for the latter's projects in Australia.

Neptune Bags AUV Services Deal from Woodside for Greater Enfield Project
Friday, December 04, 2015 Neptune Marine Services clinches contract to provide an Autonomous Underwater Vehicle services to Woodside Energy for the Greater Enfield development offshore north west Australia.

Neptune Completes Grouting Project at Cakrawala Field Off Malaysia
Tuesday, June 23, 2015 Australia's Neptune Marine Services completes a displacement pile grouting project for Hyundai Heavy Industries at the Cakrawala field in the Malaysia-Thailand Joint Development Area.

Neptune Marine Services Clinches PNG Subsea Contract from Oil Search
Tuesday, May 05, 2015 Australia's Neptune Marine Services clinches a five year offshore diving and subsea inspection services contract by Oil Search in Papua New Guinea.

Neptune Marine Services Bags Rig Move Contract for Apache Off Australia
Wednesday, April 01, 2015 Neptune Marine Services bags a rig position and mooring services contract for Apache Energy in Australia.

Neptune Marine Services Completes Grouting Work for Ichthys LNG Project
Wednesday, February 25, 2015 Neptune Marine Services completes a structural grouting project under a subcontract from McDermott for Inpex's Ichthys liquefied natural gas development offshore Australia.

Neptune Marine Services Lands Deal for Ichthys Project Offshore Australia
Friday, October 03, 2014 Neptune Marine Services lands a framework contract from Inpex to provide specialist services for the Ichthys project offshore Australia.

Newbuild Bhagwan Dryden DSV to Commence 5 Year Deal in Australia Soon
Friday, September 19, 2014 Neptune Marine Services reports that newbuild Bhagwan Dryden dive support vessel will commence a five year contract in Australia next month.

Neptune Marine Services Lands Subcontracts for Ichthys LNG Project Off WA
Thursday, September 18, 2014 Neptune Marine Services lands two subcontracts from McDermott Australia for the Ichthys liquefied natural gas project offshore Western Australia.

Neptune Marine Services Wins a Survey, ROV Contract for Ichthys LNG Project
Tuesday, April 22, 2014 Neptune Marine Services wins a survey and remotely operated vehicles contract from McDermott for the Ichthys liquefied natural gas project offshore Western Australia.

Benthic Clinches Deal for Geotechnical Investigation off Western Australia
Thursday, November 14, 2013 Benthic clinches a contract from Neptune Marine Services to conduct geotechnical investigation off the coast of north Western Australia.

Eni Awards Neptune Marine Services Blacktip Gas Field IRM Contract
Thursday, February 21, 2013 Eni awards Neptune Marine Services an inspection, repair and maintenance scope contract for the Blacktip gas field.

Nepture Marine Strengthens Senior Management Team
Thursday, June 17, 2010 Neptune Marine has significantly strengthened its senior management team in Australia and internationally via the appointment of four leading oil & gas industry senior executives.

Neptune to Provide Services on Gorgon Project
Friday, April 23, 2010 Neptune Marine has been contracted by Boskalis Australia to provide a range of diving support services on the Gorgon Project in Western Australia.

Neptune Marine Ends 2009 on Solid Financial Footing
Wednesday, February 24, 2010 Neptune Marine Services today reported normalized net profit after tax of $1.3 million for the half year to December 31, 2009; revenue for the half was $84 million.

Neptune Expects Lower Earnings for First Half 2010
Thursday, January 21, 2010 Neptune Marine Services reports that earnings for the first half of FY2010 will be well below that of the previous corresponding period.

Neptune Nabs Support Services Gig for Gorgon LNG Project
Tuesday, January 12, 2010 Neptune Marine Services has been contracted to provide diving, survey and vessel support services on Chevron Australia's Gorgon LNG project in Western Australia.

Neptune to Provide Services for ConocoPhillips' Timor Sea Facility
Tuesday, December 22, 2009 Neptune Marine Services has been awarded a combined services contract from ConocoPhillips Australia Pty Ltd on the Bayu-Undan Gas Recycle Facility located in the Timor Sea.

Neptune Marine Services Completes Acquisition in Aberdeen
Monday, November 23, 2009 Neptune Marine Services has completed the acquisition of Aberdeen based Submersible Technology Services, a leading provider of remotely operated vehicle and survey support services to the offshore oil and gas industry.

Neptune Marine Services' NEPSYS Technology Dives to New Depths
Wednesday, October 14, 2009 Neptune Marine Services' patented NEPSYS dry underwater welding technology has been qualified to -70msw (-230fsw) following a program of research and development testing conducted recently in Aberdeen, Scotland.

Neptune Lays Foundation for Expansion in ROV Services
Tuesday, September 01, 2009 Neptune Marine Services has signed a Letter of Intent for the acquisition of Aberdeen based Submersible Technology Services, a leading provider of ROV and survey support services to the offshore oil and gas industry.

Neptune Marine Services Doubles Cashflow in 4Q 2009
Monday, July 27, 2009 Neptune Marine Services announced its net cashflow from operations during the fourth quarter was $16.3 million, a figure that represents a 100% increase over the preceding period.

Neptune Marine Services Secures New Projects in Australian, Int'l Markets
Thursday, July 16, 2009 Neptune Marine Services successfully secured a range of new projects both in Australia and international markets valued at approximately $25 million.

Neptune Marine Services to Acquire Singapore's Core IRM
Thursday, July 16, 2009 Neptune Marine Services signed a Letter of Intent for the acquisition of Singapore based Core IRM Pte Ltd, a major provider of inspection, repair and maintenance services to the oil and gas and petrochemical industries.

Neptune Marine Snags New Service Contracts with Australian Majors
Wednesday, May 20, 2009 Neptune Marine Services announced a new round of contract awards valued at approximately $20 million for a range of blue chip clients, including Australian majors, Woodside and BHP Billiton.

Neptune Marine Scores Service Contracts in North West Shelf, GOM
Tuesday, March 31, 2009 Neptune Marine Services has recently secured new and extended contracts worth approximately $45 million.

Reliance Cancels Contract for Neptune Explorer Drillship
Friday, March 13, 2009 Neptune Marine & Drilling Pte Ltd had been informed by Reliance Industries Limited of India that Reliance would no longer require the drillship, the Neptune Explorer.

Neptune Well Placed to Meet ROV Services Demand
Friday, February 27, 2009 Neptune Marine Services has reported first half 2009 revenues of $95 million versus $31.7 million in H1 2008. Operating cashfows for the period were $6.4 million versus $4.2 million for the first half of 2008.

Neptune Delivers Strong Quarterly Performance, Grows Revenue 15%
Wednesday, January 28, 2009 Leading engineering services company, Neptune Marine Services, has taken advantage of its strategic position within the global oil and gas industry to deliver second quarter revenues of $52 million.

Neptune Marine Services Grows Subsea Base with Latest Acquisition
Monday, January 12, 2009 Neptune Marine Services has completed the acquisition of Subsea Engineering Services, a specialist provider of subsea consultancy and project services to the global oil and gas industry.

Neptune Nabs $10MM NEPSYS Repair Projects in GOM
Tuesday, November 11, 2008 Neptune Marine's wholly owned subsidiary, US Underwater Services LP, has been awarded two NEPSYS repair projects in the Gulf of Mexico worth US $10 million.

Neptune's Revenue Up 52% from Last Quarter
Monday, October 27, 2008 Neptune Marine Services has built on its encouraging FY08 financial result to record a strong revenue performance 1Q09. Highlighting the quarter was revenue of $45 million, a figure that represents a 52% increase quarter-on-quarter.

Neptune Sails Out of First Half of 2008 with $10.9MM Record Profit
Wednesday, August 27, 2008 Neptune Marine Services has positioned itself for significant future growth after posting a normalized net profit after tax of $10.9 million and maiden net profit after tax of $7.4 million for the full year 2008.

Neptune Secures Funding, $75MM Charter for New Support Vessel
Tuesday, August 26, 2008 Neptune Marine Services Limited has accepted an offer of debt funding for the purchase of the dynamically positioned (DP2) vessel, Nor Sea.

Australia's Neptune Marine Services Scoops up Subsea Contracts
Thursday, July 24, 2008 Neptune Marine Services announced that its pipeline stabilization and grouting business unit, Sea-Struct, has recently secured a number of significant projects both in Australia and overseas.

Neptune Successfully Wraps Up Offshore NEPSYS Projects
Tuesday, July 22, 2008 Neptune Marine successfully completed two international projects, one in the Gulf of Thailand and the other in the Gulf of Mexico, utilizing its NEPSYS dry underwater welding technology.

Neptune Nabs Access Manangement for $3.6MM
Monday, July 21, 2008 Neptune Marine completed the acquisition of Perth-based Access Management, and acquired 100% of the issued capital of the Company for an initial cash payment of $3.6 million.

Neptune Marine to Acquire Subsea Engineeting Services
Thursday, July 10, 2008 Neptune Marine Services announced it had signed a letter of intent for the acquisition of Aberdeen-based Subsea Engineering Services Limited, a provider of subsea consultancy and project engineering services to the global oil and gas industry.

Neptune to Acquire Access Management
Thursday, July 10, 2008 Neptune Marine Services has signed an agreement to acquire Perth-based Access Management following the successful completion of due diligence requirements.

Neptune Nabs 2 Fabrication Contracts Worth AUD$5MM
Wednesday, June 25, 2008 Neptune has been awarded two fabrication contracts totaling AUD$5MM. One project involves fabrication for field development in the Van Gogh oilfield.

Neptune Marine Awarded Hydrographic Survey Worth AUD $8MM
Tuesday, June 10, 2008 Neptune Marine announced that its subsidiary, Tri-Surv Geomatics, has been awarded an offshore hydrographic survey contract worth more than AUD$8 million.

Neptune Inks AUD$4.5 MM Vessel Charter LOI
Thursday, June 05, 2008 Neptune Marine Services has signed a letter of intent for the charter of its newly acquired DP1 capable construction support vessel, the MV Neptune ROV Supporter.

Neptune to Buy Support Vessel for Austral-Asian Waters
Tuesday, May 20, 2008 Featuring 5506 BHP, FiFi class one capability and accommodation for 42, the Nor Sea is a specialist AHTS vessel. The Nor Sea will be applied to ROV, survey and light construction support works throughout the Austral-Asian region.

Neptune Diving Services Established
Thursday, May 08, 2008 Under the new structure, Neptune Diving Services will continue to operate from both the Perth and Darwin facilities under the general management of Tim Proctor, the General Manager of TDS.

NMS Receives European Patent for NEPSYS Technology
Thursday, May 08, 2008 Leading engineering services company, Neptune Marine Services announces it has secured a European patent for its unique NEPSYS underwater dry welding technology.

Neptune Marine Expands Portfolio with New Offshore Unit
Monday, February 25, 2008 Neptune Marine Oil & Gas Limited has entered into a Memorandum of Agreement with Zelie Industrial Limited to acquire a drilling rig, the "Atlantic Venture" for a purchase price of $67 million.