News Articles for Jeff Weber

Developing capacity key for ports

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Major construction and planning is under way to improve sea, air, and rail infrastructure to address future freight demands.

Long-serving chief executives a rare breed

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The number of long-serving chief executives at WA listed companies is shrinking rapidly. We look at recent retirements by several 'veteran' CEOs and a small group of individuals who have lasted more than 10 years.

Board Moves April 12, 2019

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Natalie Teo has replaced Jeremy Robinson as company secretary of Marindi Metals.

MMA flags tough 2019

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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.

MMA signs three-year contract

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Marine logistics company MMA Offshore has secured a three-year contract to charter one of its vessels with a subsidiary of UK-based contractor Subsea 7.

Tide turning for contractors

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SPECIAL REPORT: A maintenance hub for LNG vessels in WA is one of numerous opportunities for oil and gas services businesses.

MMA buoyant as losses cut

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Marine logistics business MMA Offshore has cut its net loss in the half year to December as conditions in the oil and gas market stabilised.

MMA defends capital raising

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MMA Offshore chairman Andrew Edwards has defended the timing of the company's recent $97 million capital raising at its annual meeting today, saying the oil and gas firm needed a solution to its debt problems.

Halom abandons MMA meeting resolutions

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MMA Offshore major shareholder Halom Investments has withdrawn its annual meeting resolution to remove the oil and gas company's managing director Jeff Weber one day before the meeting.

Halom takes MMA to panel

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Halom Investments has asked the Takeovers Panel to revise MMA Offshore's planned $97 million capital raising, claiming the deal is designed to entrench the control held by the incumbent board.

MMA proceeds with major capital raising

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Struggling marine services company MMA Offshore will raise nearly $100 million to repay debts and repair its balance sheet, despite opposition from major shareholder Halom Investments.

Oil downturn continues to buffet MMA

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MMA Offshore has posted a $378 million loss for the 2017 financial year on the back of a huge impairment and the halving of revenue from its oil and gas-focused vessel operations.

Oil price albatross weighs on marine logistics players

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Offshore oil & gas: The marine logistics sector is yet to significantly rebound from the lower oil prices of the past few years, although positive signs are emerging.

MMA to sell supply bases as loss widens

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Marine services company MMA Offshore will sell its Dampier and Broome supply bases to Toll Group for about $53 million to pay off debt, as the company revealed a $323.7 million half-year loss on the back of a large impairment charge.

MMA loss widens to $144m

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Marine services company MMA Offshore's net loss has widened to $144 million on the back of a previously flagged impairment and reduced activity in the oil and gas sector.

MMA profit falls in tough market

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MMA Offshore has reported a dramatic slide in half-year profit as the marine services company faces challenging conditions in the offshore oil and gas industry.

MMA $50m deal as oil pressure grows

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Marine services company MMA Offshore has won a $50 million contract to provide services to Woodside Petroleum, but says low oil prices are placing significant pressure on market demand, with conditions unlikely to improve during the financial year.

MMA dips into the red with $51.3m loss

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Marine services business MMA Offshore is predicting a tough year ahead after posting a net loss of $51.3 million for the 2015 financial year, on the back of a $125 million impairment flagged last month.

MMA wins $100m Chevron contract

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MMA Offshore has won a contract to supply its marine logistics and supply base services for Chevron's operations in the north-west, in a deal worth $100 million.

MMA hit by weak energy market

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Marine services provider MMA Offshore said it was progressing towards its previously announced $15 million cost savings target, while the company suffers reduced demand and lower fleet utilisation.

MMA predicts tougher market

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Fremantle-based MMA Offshore has announced a lift in interim revenue and profit, but its shares slumped today on a lower dividend and predictions of a weaker second half.

Mermaid Marine wins vessel operator contract

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Fremantle-based Mermaid Marine Australia has been awarded a contract from an undisclosed party for the operation and management of the accommodation vessel Silja Europa for an undisclosed amount.

Mermaid Marine profit falls 3%

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Mermaid Marine Australia has taken a 3.3 per cent fall in profit for the full-year, down to $53.9 million.

Mermaid’s Weber hits back at MUA tactics

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Mermaid Marine Australia managing director Jeff Weber has defended the company's stance on negotiations with the Maritime Union of Australia, after employees at its Dampier Supply Base said on Friday they would strike for 10 days.

Mermaid clinches Ichthys contract

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Mermaid Marine Australia has won a contract, worth up to $500 million, to provide support services to Inpex's Ichthys liquefied natural gas project.

Mermaid Marine plans $550m Singapore buy

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Mermaid Marine Australia has agreed to purchase the subsidiaries of Singapore-based marine services provider Jaya Holdings for $S625 million ($550 million), in an all-cash deal which represents one of the largest acquisitions by a Western Australian company in recent years.

Broome port gets $24m upgrade

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Broome Port Authority has secured Royalties for Regions funding for an upgrade that will bolster its ability to compete with Darwin as a supply base for offshore oil and gas projects.

Mermaid boss sells $5.4m of shares

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Mermaid Marine managing director Jeff Weber has sold $5.4 million worth of shares in the company, to fund the exercise of incentive options and the associated tax liabilities.

Directors’ Interests

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Mermaid Marine Australia managing director Jeff Weber has picked up just over 1.4 million shares at $3.05 each, or $4.5 million in total, through the exercise of incentive options.

Mermaid boss invests $4.5m in options deal

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Mermaid Marine managing director Jeff Weber has picked up $4.5 million worth of the company's shares through the exercise of incentive options.

Directors’ Interests

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Beadell Resources managing director Peter Bowler has disposed of 4 million shares on-market to raise $4.1 million.

Mermaid wins $15m support contract

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Mermaid Marine has announced a $15 million contract with Santos for the oil and gas giant's Modec floating LNG facility in the Carnarvon Basin.

Company directors who have made good

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Far away from the carnage in the iron ore sector, directors at select Western Australian companies in the gold, oil and gas and engineering sectors are being handsomely rewarded through the exercis

On the move

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McGrathNicol expands Perth team

CEOs’ value in the aye of shareholders

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Five years of WA salary surveys show some chief executives appear to be remarkably well paid relative to the size of their business and the returns they have delivered, while others offer great value for money.

Pay packets at top end of town continue to bulge as the good times flow for WA

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Executive remuneration is a hot political issue but the controversy does not seem to have slowed growth in pay packets at WA companies.

CEO Sleepout raises $579,000 …so far

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Last night's Vinnies' CEO Sleepout saw 107 chief executives sleeping rough in the name of charity, and none did it tougher than Mermaid Marine boss Jeff Weber.

Mermaid profit up 43% for FY08

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Fremantle-based oil and gas services company Mermaid Marine Australia Ltd has reported a net profit of $17.9 million for the 2008 financial year, up 43 per cent on the previous corresponding period.

Mermaid nets $9.2m profit after 100% earnings increase.

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Fremantle-based marine services company Mermaid Marine Australia has announced a post-tax profit of $9.2 million, doubling its operating earnings in the process.