Helix Energy Solutions Group is selling its Caesar, Express and Intrepid pipelay vessels with related equipment in separate transactions. Coastal Trade is purchasing the Express and Caesar for US$238 million in deals expected to close next year…
ITT Corporation has signed an agreement to acquire Germany's Bornemann Pumps. Robert J Pagano Jr, president of ITT's industrial process business, said Bornemann's twin-screw technology and multiphase applications experience would align strategically with his business line…
An affiliate of Kohlberg Kravis Roberts & Co (KKR) has acquired a majority interest in the Acteon subsea services group from First Reserve, with management retaining a significant holding in the company. The executive management team will remain in place…
Reflex Marine has established a new accredited service centre (ASC) in Houston for its FROG and TORO personnel carriers.
SBM Offshore has signed a commercial development agreement with modular gas to liquid solutions provider CompactGTL to work exclusively together on the marketing and execution of projects involving associated gas challenges for offshore oil fields…
Schat-Harding opened two new Norwegian offices and service centres, in Bergen and Stavanger. Both bases will focus on delivering in-service support and maintenance for lifeboats and davits in the North Sea.
Senergy will receive patented geosteering software designed by operator Apache as part of a co-operative software development agreement. The technology package, including the innovative PetroSleek geosteering tool, will be used within Senergy's…
Aker Solutions has established a subsea lifecycle service base in Labuan, Malaysia, to support installed and future Asia Pacific shallow and deepwater projects, starting with Murphy Sabah Oil's current Kikeh and upcoming Kikeh phase two…
WorleyParsons has officially opened an Aberdeen office, its first operational base in Scotland. Run by location manager Neil McMillan, it will offer five of the company's service lines: Select pre-FEED engineering, subsea engineering through Intecsea…
Bechtel and Subsea will work together to develop offshore wind and associated transmission projects in Europe, including the UK and Germany. Under a nonexclusive joint approach they will offer developers and utilities a single contracting group…
TransCanada Corporation announced plans to donate up to $250,000 in equipment and cash to help New York speed up recovery efforts following Hurricane Sandy.TransCanada has an active presence in the New York region where the company operates the Ravenswood Power Facility in Long Island City…
Burdened by high drilling costs, lower success rates and smaller discoveries relative to other regions, not to mention post-Macondo regulatory changes, the deepwater Gulf of Mexico will nevertheless draw $70 billion in investment over the next two decades…
Utilization for the worldwide mobile offshore drilling fleet remains at a steady 77%. Overall utilization in the Australia/New Zealand market stands at 100% as every rig in the region is contracted.Demand in the Australia/New Zealand…
'After a strategic review Fugro basically decided to exit the capital intensive and volatile seismic segment of the oil & gas exploration market where it does not have a leading market position. It spotted that most seismic companies had indicated fleet expansion plans in the immediate future…
With a recent injection of capital having positioned the company for growth, Fairfield Energy – the self-styled only independent of substance solely focused on the UK continental shelf – moved into new operational headquarters at Westhill last month…
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