Aberdeen-headquartered Proserv, backed by private equity firm Intervale Capital, has acquired the subsea controls business of Weatherford International. The deal includes more than 300 personnel and all control systems operations in the UK, Norway, North America, the Middle East and the Far East.
Schlumberger has acquired Gedco, a Calgary-based provider of integrated geophysical survey design software and services. Gedco, which becomes part of the WesternGeco business unit, developed the OMNI 3D seismic survey design and modeling system and the VISTA 2D/3D seismic data processing package.
Following the 2011 acquisition of Smit’s terminal and anchor handling tug supply activities by Lamnalco, the marines services group has been officially rebranded Smit Lamnalco. Chief executive Daan Koornneef said the new identity reflected the…
Building on its strategic partnership with meteorology and risk assessment firm StormGeo, DNV has acquired the right to purchase 22.6% of StormGeo’s shares through a mutually convertible capital issue.
Technip has entered into an agreement to acquire Stone & Webster process technologies and the associated oil and gas engineering capabilities from The Shaw Group for a cash consideration of approximately €225 million.
UAE-based Topaz Energy & Marine has signed phase one of a US$ 330 million loan agreement with a syndicate of banks towards the refinancing of some of its existing loans. As well as extra liquidity, the deal paves the way for new investments in Topaz’s offshore support vessel operations.
Valle Silencioso, a company managed by Sophia Capital, now has a 95.8% stock holding in pipeline coatings and subsea thermal insulation specialist Socotherm following the acquisition of 50% of the outstanding shares of SO-4 Ltd from 4D Global Energy Investment…
Newly acquired West Engineering Services joined the Lloyd’s Register stable on 1 May in a move the class society believes will secure its position as the premier independent risk-management organisation supporting the global offshore drilling industry…
Despite competition from ultrasonic, Coriolis, and other new-technology flowmeters, turbine flowmeters remain a viable and popular choice for a variety of applications, according to a new report by Wakefield, Massachusetts based Flow Research…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the competitive fleet of mobile offshore drilling units worldwide has been gradually improving since February and is currently in the mid-80% range…
Total spending for upstream oil & gas will hit nearly $1.3 trillion this year, led by a robust North American market, according to a new report by IHS.Driven by strong oil prices and the North American unconventional gas boom, global upstream…
Despite higher oil prices, improving access to capital, increasing economic optimism and a generally more favorable deal environment, oil & gas executives are still cautious about engaging in M&A, according to Ernst & Young's sixth Global Capital Confidence Barometer…
The first of several riser replacements for Statoil on the Norwegian continental shelf was successfully completed recently by Emas AMC using the construction vessel AMC Connector. This one took place on Snorre B and the Emas AMC contract…
Temporary power specialist Aggreko has entered into an agreement to acquire the entire share capital of South American fellow traveler Companha Brasileira de Locacoes (‘Poit Energia’) for a cash consideration of £140 million and potentially…
Archer has purchased Aberdeen-based X-it Energy Services, developer and manufacturer of proprietary single-trip milling systems used for casing exits including controlled directional, multilateral and sidetrack drilling.