MacGregor, part of Cargotec, has recently opened a new facility in Arendal, Norway, which houses a training academy for customers. It specializes in advanced simulation training and has a purpose-built virtual reality (VR) showroom. The…
Erin Energy entered a definitive farmout agreement that will see FAR Ltd. acquire 80% interest and operatorship of Erin Energy’s offshore A2 and A5 blocks in The Gambia, West Africa. Erin Energy will retain a 20% working interest in both blocks…
Bureau Veritas (BV) has acquired Marine Assurance & Consulting (MAC). Based in Aberdeen, MAC was established in 2010 and now has 30 employees as well as more than 40 associates. This transaction is in line with BV’s recent developments in the North Sea offshore sector…
Semco Maritime and Skipavika enter into strategic agreement on service preparedness for all rigs at the port facility Skipavika Terminal near Bergen. The agreement also comprises an intention to develop the submarine base Olavsvern near Tromsø as a rig service center…
The Petroleum Safety Authority Norway (PSA) has launched an investigation into a lifting incident involving pipehandling on the Gullfaks B facility in the North Sea on 7 March 2017. Part of the Eagle Arm crane on this platform came loose and fell to the pipedeck…
Motive Offshore Group has expanded its business with a six figure investment in a quayside fabrication facility in Dundee Port. After successfully negotiating with the port to take over the site, which boasts a deepwater quay side facility…
PTT Exploration and Production (PTTEP) has entered a partnership agreement with Total E&P Myanmar to divest 50% participating interest in the Myanmar MD-7 project, offshore Myanmar. Operator PTTEP will collaborate with Total in the exploration and development activities in the block…
McDermott International plans to construct offshore production solutions in Saudi Arabia. McDermott signed a memorandum of understanding with Saudi Aramco for a long-term land lease at the new maritime facility at Ras Al Khair in Saudi Arabia…
Bosch Rexroth has received an order from GustoMSC to engineer, manufacture and commission the drive and control system for GustoMSC's most recent model in its series of continuous jacking systems. It is intended for a Japanese construction vessel…
Subsea Global Solutions (SGS), a portfolio company of Denver-based private equity firm Lariat Partners, has acquired All-Sea Underwater Solutions (All-Sea), enabling the company to provide underwater ship maintenance, repair and marine construction solutions across the globe…
Polarcus has secured another extension for its 3D marine seismic project in South America. The original award, announced on 15 December 2015, was awarded by an undisclosed client for a 3D marine seismic project in South America utilizing…
SapuraKencana Petroleum Berhad’s (SKPB) has signed several awards through its wholly-owned subsidiaries with a combined value of approximately US$97.4 million (RM 433.6 million). SapuraKencana TL Offshore Sdn. Bhd. (SKTLO) has been awarded…
Odfjell Drilling has signed a conditional letter of award with an oil major for a one well contract to be drilled by the sixth generation semisubmersible, Deepsea Stavanger, offshore South Africa. The contract commencement is back to…
Royal Boskalis Westminster has sold all of its remaining stake in Fugro. Boskalis went from owning 28.6% stake in Fugro at the end of 2015, to 9.38% in December 2016. The reduction was accomplished through a successful accelerated bookbuild via which 7…
Interventek Subsea Engineering has signed a two-year exclusive deal with Louisiana-based Professional Rental Tools (PRT) to supply its in-riser Revolution valve for well intervention operations in the Gulf of Mexico. Interventek will supply its 6…