CHC LLC purchases Babcock
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So it seems CHC have just taken another big scalp from Bristow and landed the Taqa contract.
Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before awarding their work, what on earth have Bristow got left if they loose that one?!
Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before awarding their work, what on earth have Bristow got left if they loose that one?!
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So it seems CHC have just taken another big scalp from Bristow and landed the Taqa contract.
Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before awarding their work, what on earth have Bristow got left if they loose that one?!
Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before awarding their work, what on earth have Bristow got left if they loose that one?!
Repsol might have to wait as the sale has already been delayed by a month. Latest sale completion date is this week but it's been very quiet again.
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So it seems CHC have just taken another big scalp from Bristow and landed the Taqa contract.
Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before awarding their work, what on earth have Bristow got left if they loose that one?!
Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before awarding their work, what on earth have Bristow got left if they loose that one?!
No Helicopters on contract, but rumour is they are tendering for OS contracts.
All, “as far as I know” (According to the refueler)
Twist and Shout wrote:
I can only think of 2 active tenders at the moment. Not much coming up for the next 12 months. The Bristow Australia helicopter fleet comprises 2x AW139 in storage in Brisbane. AirNorth is reportedly struggling and is surviving on Covid related Government subsidies. Today's round of Covid lockdowns will be tough for all of the airlines, especially AirNorth as it is Darwin based.
but rumour is they are tendering for OS contracts.
Nigerian In Law
Caverton:
- Shell (5 AW139 + 1 DHC-6)
- Chevron deepwater (1 S92 with 1 AW139 support)
- Chevron shallow water/onshore (3 B412s + 8 B407s)
- Agip/ENI (2 S76Ds)
OAS/ADA:
- Exxon/Mobil deepwater (3 AW139s)
BHNL:
- Exxon/Mobil shallow water (4 S76Ds)
- Total (1 AW189)
- 1 ERJ145 mainly supporting Exxon/Mobil
There are numerous smaller local company contracts too.
BHNL:
- Exxon/Mobil shallow water (4 S76Ds)
- Total (1 AW189)
- 1 ERJ145 mainly supporting Exxon/Mobil
- Exxon/Mobil shallow water (4 S76Ds)
- Total (1 AW189)
- 1 ERJ145 mainly supporting Exxon/Mobil
Nigerian In Law
How the mighty have fallen. Bristow Aberdeen soon down to 6 or 7 aircraft from what used to be the busiest heliport in the world, Nigeria slowly dying, Australia dead in the water. Surely the notorious "inverted triangle" of management must be asking themselves how things have fallen so low ?
NEO
NEO
Surely the notorious "inverted triangle" of management must be asking themselves how things have fallen so low ?
The SLT will be bonused up, for achieving efficiencies in line with the KPI’s.
The expensive and troublesome Helicopters have been rationalised back to zero (in Australia) this has allowed rightsizing of pilots and engineers (to zero - the ultimate achievement.)
Helicopters/Engineers/Pilots were identified as the biggest risk to SLT remuneration, so it’s smooth sailing now.
The other encumbrance completely eliminated (in Aus) is clients. These were identified as very labour intensive. Eliminating them has allowed massive right sizing of wages staff. Creating several additional VP positions - “Senior Vice President - Right Sizing”, “Senior Vice President - Efficiencies” and “Senior Talent Acquisition Partner”)
Apart from funding the new SLT positions, with suitable packages, the savings should allow for expansion in the SQA and IT departments, as part of an ongoing Modernisation strategy.
I hope this helps you pivot into the new normal.
This seems to link to the same UK gov page that PPI Zulu refers to a couple of weeks ago, (post 204 above), which appears to be a temporary enforced hold on any progress with a merger, while the Competition and Markets Authority is “considering whether to make a reference under section 22 or 33 of the Act” (the Enterprise Act 2002).
I am no expert on this at all! However, I understand that to mean that it is “stopped” as in “on hold while the authorities investigate whether it meets certain criteria”, rather than “never going to happen”.
Apologies if you already know this, but your post appeared to me to suggest the merger was off permanently.
Overall CMA page for the merger. Updates would be here first. The enforcement notice was 11 June. No update since then.
https://www.gov.uk/cma-cases/chc-sla...merger-inquiry
https://www.gov.uk/cma-cases/chc-sla...merger-inquiry
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Process hasn't stopped. The share purchase is still progressing through "due dilligence" and ensuring all legal frameworks are in place. The CMA notice states that the two businesses are to continue operating and functioning as seperate entities until they make a finding.
The CMA notice does not prohibit CHC from puchasing the Babcock Offshore entities from Babcock International before the CMA make a ruling.
The CMA notice does not prohibit CHC from puchasing the Babcock Offshore entities from Babcock International before the CMA make a ruling.
