MMA Offshore

Shares in MMA Offshore have fallen today, after the marine logistics company forecast a challenging year ahead as part of its 2018 financial report, which also included a $36.3 million loss.

The final months of 2018 hit investors in Western Australian stocks hard, with the Business News index of 30 local ASX-listed companies falling 13.3 per cent.

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.

A 34 per cent lift in first-half profit at MMA Offshore shows an improving environment for offshore service providers, with the company having won work with Woodside and Esso.

Santos is confident a suite of financial measures introduced today will help it withstand the impacts of COVID-19, while MMA Offshore has withdrawn its guidance as the virus crisis hits the energy sector.

Oil and gas service provider MMA Offshore has secured $16 million in contract extensions with Woodside Petroleum, which will continue using MMA's vessels.

Oil and gas contractor MMA Offshore has launched an $80 million equity raising to reduce its total debt, while chairman Andrew Edwards has announced his resignation.

Perth-based industrial services company Vertech Group has added to a string of acquisitions by purchasing a majority stake in APS, doubling annual turnover to more than $120 million.

Decisions on two big gas projects are due, $12 billion of chemical projects are under consideration, and a decommissioning timebomb awaits.

Marine and subsea services provider MMA Offshore has secured contracts with the Department of Defence and Japan’s Inpex.

ASX-listed companies have detailed roughly $2 billion in JobKeeper payments spanning the last two financial years, with only a handful making voluntary repayments.

MMA Offshore has won several contracts to start the new year including two long-term vessel arrangements as part of ongoing work with Woodside Petroleum.

Shares in marine and subsea services provider MMA Offshore have risen more than 8 per cent following the company’s announcement of a $68 million contract extension with Japan's Inpex.

Perth-based marine business MMA Offshore has sold one of its vessels to Fortescue Future Industries to be converted into a green ammonia-powered ship.

The Perth-based marine services company is set to pocket $US15 million (A$21.3 million) from the sale as it seeks to shed non-core assets.

Marine service provider MMA Offshore has announced it will buy subsea solutions company Subcon International for $8.4 million.

Marine service provider MMA Offshore has secured a $10 million contract to provide vessel services for a New Zealand-based hydrocarbon producer.

Marine and subsea services provider MMA Offshore has won three contracts worth $30 million to support offshore wind farm developments in Taiwan.

MMA Offshore has been selected by CSIRO to manage a research vessel in a contract anticipated to generate $80 million in revenue over four years.

Marine services supplier MMA Offshore has notched two contracts worth $12 million to provide liquefied natural gas field support.

MMA Offshore has secured $30 million worth of work to provide familiarisation services for the Royal Australian Navy on robotic, remote and autonomous marine systems.

Marine services supplier MMA Offshore has entered into a $1.03 billion scheme implementation deed with Singapore private equity firm Seraya Partners.

Mark Beyer and Mark Pownall discuss takeover deals for MMA and APM; hydrogen approvals challenges; payroll tax; WA’s gas market; and resource export outlook.

An independent assessment of Singaporean firm Cyan Renewables’ $1 billion move for MMA Offshore has deemed the offer fair and reasonable, despite rumoured opposition from a major shareholder.

Perth-based MMA Offshore has provided a trading update as the end of the 2024 financial year looms.

Cyan MMA Holdings has increased its scheme consideration bid for MMA Offshore, in a deal that would be worth about $1.07 billion.

MMA Offshore’s biggest shareholders have backed Seraya Partners’ $1 billion takeover bid of the Perth-based marine services company.

A $1.1 billion Singaporean takeover of MMA Offshore has been waved through by the Foreign Investment Review Board.

Shareholders in marine services company MMA Offshore have voted to approve the $1.1 billion takeover by Singaporean firm Cyan MMA Holdings.

Singapore-based Cyan Renewables has acquired Australian offshore marine services provider MMA Offshore for $1.1 billion.

Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.