French-owned utility group GDF Suez is stepping up its UK exploration and production operations with the goal of becoming a major player in the North Sea. The company's UK E&P arm has been involved in the sector for the past 15 years, but is now working up major expansion plans…
Rotterdam-based Jumbo is boosting the capacity of its heavylift fleet with orders for two K-3000 vessels which, as the name implies, offer a tandem lift capacity of 3000te. The in-house designed K-3000 vessels are being built at the Brodosplit shipyard at Split in Croatia…
Statoil may not have the biggest R&D budget, but company officials say the operator's technological track record on the Norwegian continental shelf will help it push recovery rates to new highs and create the first subsea factory, including seafloor separation…
Apax Partners in conjunction with JMI Equity have agreed to acquire oil & gas focused software vendor Paradigm for around $1 billion in an all-cash transaction. Simmons & Co International advised Apax.
Aker Solutions is investing $100 million in a new multi-purpose service site in Macaé for its drilling equipment business in Brazil. The 335,000m2 development – eight times bigger than the company’s current facility in nearby Rio das Ostras…
Having consolidated all its coring activities under the one brand and under the stewardship of Doug Kinsella, the Reservoir Group is now billing Corpro as the world’s largest coring provider. Corpro was in the group’s original line-up when it was created five years ago…
Hazardous area electrical equipment specialist Dron & Dickson has established a new base in Dubai, headed up by newly appointed managing director Stuart Bell.
Hallin Marine has expanded its subsea services capability in the North Sea and Mediterranean regions by chartering the OSV Stril Explorer for an initial 12 months, with options to renew.
IHS has opened a new 25,000ft2 facility in Houston dedicated to the secure transformation of hard copy E&P records – well files, paper logs, maps, seismic sections, legal documents and the like – into proprietary, globally available, unlimited access…
Liquid Robotics and Schlumberger have created Liquid Robotics Oil & Gas, a 50:50 joint venture tasked with developing services for the oil & gas industry using Liquid Robotics’ wave-powered, autonomous marine vehicles, which can operate offshore for up to a year without crew…
Offshore Marine Group relaunched and rebranded its personnel department as Main Source Offshore People (MSOP).
Penspen plans to open an office in Mexico City, its third base in Mexico after Ciudad de Carmen and Comalcalco. Headed up by Mauricio Moreno Ramirez, the new office will focus on pipeline maintenance, performance improvement of existing oil & gas infrastructure, and training.
Swire Oilfield Services has officially opened two new plants in Brazil’s Macaé region. The first, a sling manufacturing facility, will produce a range of wire rope products including lifting sets for cargo carrying units (CCU) The second, a DNV 2…
Tenaris and Simas have signed a strategic agreement to supply state-of-the-art hot induction bends to the offshore industry. Through alliances with key vendors – such as the recent agreement signed with CRC Evans – Tenaris is looking to offer a one-stop-shop solution…
Weatherford International has completed the acquisition of completion tools specialist Petrowell. The two companies have been aligned in a global partnership to develop and commercialize ‘game-changing technologies’ since 2008.