Viper Subsea won a multimillion-dollar contract to supply subsea hydraulic and electrical distribution equipment to an unnamed oil field in the Caspian Sea. The contract includes the design and supply of subsea equipment, in addition…
Baker Hughes Inc. completed the acquisition of Weatherford’s pipeline and specialty services business for US$250 million. The total consideration includes $241 million in cash and $9 million in retained working capital. The purchase…
Canada-based, North Sea-focused independent exploration firm Iona Energy has appointed two industry veterens to its ranks and said it plans to go on the acquisition trail as part of growth plans. Former Ithaca Energy CEO Iain McKendrick…
VBMS awarded JDR a contract for the Statoil/Statkraft Dudgeon offshore wind farm. Dudgeon, off the UK’s Norfolk coast will utilize over 95km of JDR’s copper core inter-array cable and a range of cable accessories. The design and manufacture…
Inpex Corp. reached an agreement to transfer a 25% participating interest in the deepwater Block S offshore East Malaysia to Australia-based Santos. Block S is located in the Sabah basin and covers 574sq km with a water depth ranging from 200m to 1500m…
Endeeper and Petrobras entered into a two-year contract for provision of services related to Endeeper's software package for petroleum geology. The contract allows the development of new modules for Petroledge, Hardledge and RockViewer systems in addition to software training…
Seoul, South Korea-headquartered Samsung Heavy Industries will merge with Samsung Engineering Co., Ltd., the companies announced on 1 September 2014. The goal of the merger is to allow the companies a chance to become a global top-tier EPC (engineering…
Aberdeenshire-based Bibby Offshore is adding to its international expansion with the opening of an office in Stavanger, Norway. Bibby Offshore is currently participating in a number of projects in the Norwegian Continental Shelf. The…
Petrobras and Foro Energy signed a technology cooperation agreement (TCA) for high power laser drilling research and development. The program with the Leopoldo Americo Miguez de Mello Research & Development Center (CENPES) will focus on developing…
Statoil awarded Nordic Maritime a contract for its newest DP2 vessel, Mokul Nordic in the North Sea. The 30-day contract has an optional 15-day charter. Mokul Nordicis a DP2 VS470 MKIII subsea service vessel capable of ROV and inspection…
Rockwell Automation and Cisco launched a training course to help information technology (IT) and operations technology (OT) professionals overcome the challenges of converging network technologies. Managing Industrial Networks with Cisco Networking Technologies (IMINS) is a hands-on…
Stavanger’s ONS 2014 will open its doors today, creating a global oil village stretching out across nearly 1km, with large delegations expected from the Middle East and Mexico. The event covers a larger footprint than in 2012, when the last ONS was held…
There are currently 271 projects proposed or under development on the UK Continental Shelf (UKCS) and the Norwegian Continental Shelf (NCS) and a total potential investment of US$262.3 billion. These were among the topline figures according…
Oilfield services company, Expro, plans to open a major new base in Tananger, Norway in summer 2015. The 19,000sq m facility will consolidate the company’s three current Stavanger area locations and house Expro’s Well Testing and Drill…
Lerwick Port Authority (LPA) and international energy logistics company Peterson is planning investment totaling £20million to make Lerwick, Shetland, a decommissioning centre of excellence. LPA is undertaking a £11.95 million quayside…