Offshore Structures (Britain) Ltd.

Coordinates: 54°35′41″N 1°15′02″W / 54.594785°N 1.250453°W / 54.594785; -1.250453 (TAG Energy Solutions / Offshore Structures (Britain) Ltd.)

Offshore Structures (Britain) Ltd.
Formerly called
 TAG Energy Solutions
Industry Offshore
Products Foundations

Offshore Structures (Britain) Ltd. is a marine offshore structure foundation manufacture basedat Haverton Hill near Billingham on the north bank of the River Tees. The company was formed as a joint venture between Bladt Industries and EEW at the factory established by TAG Energy Solutions.

The factory was used briefly in the late 2000s by Tees Alliance Group for a prematurely terminated contract to manufacture oil rig substructures.

The works is based on the site of the Haverton Hill shipyard, initially operating as the Furness Shipbuilding Co. Ltd., established 1918. Shipbuilding at the yard ended in 1979.

History

Haverton Hiil built HMS Erne (U03) in 1943

The Haverton Hill shipyard opened in 1917 under a wartime construction programme. Shipbuilding took place at the yard from 1919 to 1969 as the Furness Shipbuilding Company under the shipping group Furness Withy. In 1968 the yard was acquired by Swan Hunter who operated the yard for a further decade, and finally by Smith's Dock Co. Ltd who built three ships at the yard in 1978. Shipbuilding ceased in 1979.[1][2]

In 2008 the shipyard reopened under Tees Alliance Group (TAG) to construct the foundation structure of an oil rig 'SeaDragon 1', initially to be leased to Pemex (Mexico). In 2009 the contract between TAG and the rig development company (Sea Dragon Offshore) was terminated, with the financier (Lloyds TSB) citing financial risk, and the work transferred to a yard in Singapore with previous experience of rig construction.[3]

Wind turbine transition pieces at the yard (2014)

TAG Energy Solutions was established in 2010.[4] The company invested in a new 40 by 171 metres (131 by 561 ft) production facility with machines for production of large diameter steel tubes suitable for monopoles, jacket foundations and other offshore structures.[5] In 2013 the company was awarded a contract for monopoles and transition pieces for the Humber Gateway wind farm.[6]

In Sep 2014 the company was reported entered insolvency with the loss of around 100 jobs,[7] having run up a £61 million debt.[8]

In late 2014 Bladt Industries (Denmark) and EEW (Germany) acquired the assets of Tees Alliance Group Corporate, and formed a joint venture Offshore Structures (Britain) Limited to reuse the TAG Energy facility at Billigham.[9][10] An initial contract was obtained in Jan 2015 for transition pieces for the Burbo Bank Extension offshore wind farm.[11]

References

  1. ↑ Sources:
  2. ↑ "Furness Shipbuilding Co", www.gracesguide.co.uk, retrieved Feb 2016
  3. ↑ Sources:
  4. ↑ TAG ENERGY SOLUTIONS LIMITED - Company number 07379608, Comapanies House, retrieved Feb 2016
  5. ↑ "TAG Energy Solutions – Tubular Production Facility Teesside", www.reidsteel.com, 5 Oct 2011
  6. ↑ "E.ON awards wind farm foundations contract to TAG Energy Solutions", www.renewableenergymagazine.com, 27 Feb 2013
  7. ↑ Price, Kelley (16 Oct 2014), "TAG Energy Solutions: Up to 100 job losses as wind farm firm collapses", www.gazettelive.co.uk
  8. ↑ Keighley, Tom (30 Dec 2014), Creditors of TAG Energy Solutions face £61m shortfall
  9. ↑ "New offshore engineering venture planned on former TAG Energy Solutions site on the River Tees", www.thejournal.co.uk, 21 Nov 2014
  10. ↑ Hugill, Steven (25 Mar 2015), "Turbine firm powering ahead on Teesside", www.thenorthernecho.co.uk
  11. ↑ "DONG Energy awards foundations contract and secures production in the UK", www.dongenergy.co.uk, 27 Jan 2015

External links

Wikimedia Commons has media related to TAG Energy Solutions.
Wikimedia Commons has media related to Furness Shipbuilding Company.
This article is issued from Wikipedia - version of the Tuesday, February 16, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.