The MAN Diesel & Turbo oil & gas business in Zurich has completed the acquisition of Mecos Traxler, a Swiss-based supplier of magnetic bearings for compressors, turbines and other high-speed rotating machinery.
Marubeni and the Japanese government sponsored private equity firm Innovation Network have acquired Seajacks International from funds controlled by Riverstone Holdings. The terms were not disclosed. The business will be integrated into Marubeni’s power projects & infrastructure division.
The new purpose-built Jiskoot technology centre was officially opened in Tunbridge Wells, UK, last month by Jim Wright, SVP of parent company Cameron and president of its Valves & Measurement Group. Cameron invested in the state-of-the-art 20…
Proserv has opened a new facility in Aberdeenshire for subsea system integration testing, factory acceptance tests, tree assembly and BOP re-certifications.
Rowan is changing its legal domicile from Delaware to the UK under plans aimed at ‘improving its long-term competitive position as a global contract driller’. President and CEO W Matt Ralls commented: ‘The offshore drilling industry is a global…
Schlumberger has entered into an agreement with Altor Fund II to acquire SPT Group, a privately owned Norwegian software company specializing in dynamic modeling for multiphase flow and reservoir engineering applications.
Tetra Technologies has acquired Optima Solutions in a £40 million transaction facilitated by Simmons & Co International. Optima provides rig cooling services to suppress heat generated by high rate flaring of hydrocarbons during offshore well test operations.
OAA 2012 prize winners (left to right): Professor Alex Kemp (lifetime achievement); Shell UK’s Emma Stephenson (young professional) and Sandy Clark of Amec (large company).Expro Group’s David Shand (left) collects his company’s innovator award from BG’s Neil McCulloch…
The energy industry skill shortage has renewed long-running debates in Australia over immigration and at times pitted the population centers in the east against the resource-rich but sparsely populated west. The topic was on the minds of many…
Salaries for oil & gas industry engineers shot up over the past year, rising an average 6.1% across several professional disciplines, according to a new survey released by recruitment firm Hays.The average permanent salary across the survey's sample of 144…
The crucial role played by the independents in the energy mix and the slightly precarious position in which they find themselves was highlighted by Talisman Energy president and CEO John Manzoni at the Energy Institute's recent three-day gathering in London…
The era of the oil & gas industry is not over. Predictions for global energy demand can’t be met without an increasing utilization of petroleum recourses. And when many thought our industry was in decline, elephant discoveries in the North Sea…
Kongsberg Oil & Gas Technologies is the relatively small group, with a current roster of around 300 people, spun off from parent group Kongsberg Maritime a year or two ago. Having merged its drilling and production units into a single division early this year…
Staffing shortages are creating project delays at a majority of large oil & gas companies, according to new data released by management consultancy Schlumberger Business Consulting.The much-discussed ‘big crew change' – the retirement of geoscientists…
Aker Solutions is strengthening its presence in northern Norway with the acquisition of Sandnessjøen Engineering, which has for 20 years supplied engineering and project management services to the oil & gas and construction industries in the Sandnessjøen area…