Monday 22 December 2014
 
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Gulf Marine Services

GMS plans $400m capex to 2016; eyes overseas

Oil services firm Gulf Marine Services plans to spend around $400 million up to 2016 and expand into south-east Asia and west Africa next year to tap strong demand for its vessels, its chief executive said on Thursday. The Abu Dha

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Gulf Marine Services makes muted London debut

Abu Dhabi-based Gulf Marine Services (GMS) made a muted stock market debut in London, as the oil service vessel operator struggled to spark investors' interest following a glut of new share listings. GMS shares were changing h

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GMS unveils new jackup design at Adipec

Gulf Marine Services (GMS), one of the largest builders and operators of jack-up barges in the region, has unveiled its new jackup design for worldwide operations at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) which

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Gulf Marine to build new jack-up barge

Abu Dhabi-based Gulf Marine Services (GMS), the largest provider of self-propelled self-elevating jackup barges in the world, has announced it is building its third E-Class jackup vessel. GMS Enterprise will be constructed at the

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ADIB arranges $360m loan for Gulf Marine

Abu Dhabi Islamic Bank (ADIB) has closed a 1.32 billion dirhams ($360 million) syndicated Islamic facility for one of the largest operator's and owner of jack-up barges in the region, it said on Sunday. The deal will help meet

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Gulf Capital eyes $500m gain from GMS sale

Abu Dhabi private equity firm Gulf Capital expects to raise more than $500 million from the sale of its 79 per cent stake in Gulf Marine Services (GMS) before the end of June, the company's chief executive said. Gulf Capital, which has aro

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Multiple bidders eye Abu Dhabi's Gulf Marine

Abu Dhabi private equity firm Gulf Capital has attracted nearly a dozen initial bids for its Gulf Marine Services unit (GMS), two sources said, with a sale seen generating around $500 million. Gulf Capital, which has around $1 billion of a

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HB Rentals celebrates successful year

Global offshore accommodation specialist to the oil and gas industry, HB Rentals, will award several contracts in the UAE in celebration of a successful year, following the opening of its first Middle East base in the Emirates last year. A

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Gulf Marine Services wins Saudi contract

Gulf Marine Services Saudi Arabia (GMSSA), a leading provider of self-propelled jackup barges to the offshore energy sector, has won a contract from J Ray McDermott (JRM) to supply offshore accommodation support services. Under this contra

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GMS developing 'most flexible vessel'

Gulf Marine Services (GMS), a leading elevating support vessel operator in the region, is developing one of the most flexible and capable vessels in the market. The uniquely designed self-propelled self elevating jack-up barge is currently

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