FIRMSTGS-Nopec Geophysical has bought the directional survey business and information for ongoing client-initiated programs from P2 Energy Solutions' Tobin business line. The purchase includes P2's existing database of over 38,000 directional surveys…
Former federal prosecutor and Justice Department inspector general Michael Bromwich has been tapped to lead the troubled agency that oversees US offshore oil & gas leasing and regulatory compliance. Bromwich was sworn in as director of the Bureau of Ocean Energy Management…
firmsAker Solutions subsidiary STEP Offshore has been awarded exclusive rights to sell Derrick Equipment's solids control equipment and related products in Europe. The agreement is valid for capital equipment such as shale shakers, mud cleaners…
firmsHouston-based Deep Down is acquiring offshore industry syntactic foam flotation products and insulation materials provider Cuming. Total price for the acquisition including the assumption of certain liabilities is $50 million.The newly…
firms . . .Remedial Offshore has filed for Chapter 11 bankruptcy protection, allowing the company to continue to operate its facilities and offices in the ordinary course of business. Remedial will use the financing to increase working capital…
Paal Kibsgaard has been appointed COO of Schlumberger, taking responsibility for the dayto- day management of all the company’s worldwide operations in addition to its technology organization, including engineering, manufacturing and product development…
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