Subsea mooring connector specialist First Subsea has invested over £200,000 in new mooring connector test rig facilities at its production site in Lancaster, UK. Designed for proof load and minimum breaking load testing up to 2600te (25…
UK business minister Michael Fallon opened market leader Bridon International’s new state-ofthe-art wire rope manufacturing facility in Newcastle last month. The event marked the commencement of manufacturing at Bridon Neptune Quay, developed…
Lankhorst Ropes offshore division has relocated its Portuguese production facility for deepwater mooring ropes and single point mooring (SPM) hawsers to a new purpose-built factory on the coast at Viana do Castello, about 80km north of Porto…
Four independent testing rooms, an integrated command and control center, a core preparation laboratory, and an extensive perforated core analysis laboratory for post-test evaluation are among the facilities at Halliburton’s new state-of…
ExxonMobil's Rex TillersonMajors to jointly develop Siberian tight oil Rosneft and ExxonMobil signed a pilot development agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia…
FMC Technologies and Edison Chouest Offshore formed a joint venture based in Houston to provide integrated vessel-based subsea services for offshore oil and gas fields globally. The JV will offer equipment intervention, riserless light well intervention…
Weatherford International officially opened a new strategic base for Asia Pacific operations in Singapore last month to meet increasing demand for services across the region. The four-storey facility brings together the company’s 300-strong…
ITT plans to invest $22 million in its Seneca Falls, NY, manufacturing operations and R&D laboratory to better serve the global oil & gas market. The corporation is in the process of adding Bornemann Pumps to its existing Goulds Pumps brand…
SBM Offshore has agreed to the sale and transfer of GustoMSC to private equity group Parcom Capital for a consideration of approximately $185 million, to be paid in cash at closing. The sale is a first step in the divestment of some $400 million worth of non-core assets announced this summer…
OneSubsea the new 60:40 joint venture announced last month by Cameron and Schlumberger, will manufacture and develop products, systems and services for the subsea oil & gas industry and offer ‘a step change in reservoir recovery’ through integration…
Aker Solutions acquired a fabrication facility in Sandnessjøen, Norway, from Ruukki Construction Norge, to bolster its fabrication capacity for subsea and surface developments.
NOVCFO Williams to head National Oilwell Varco National Oilwell Varco, Inc. (NYSE: NOV) announced today that Clay Williams has been named President and Chief Operating Officer of National Oilwell Varco.Mr. Williams has served as the Company’s…
Wood Group won a £17 million management contract to fabricate, install, commission, operate and maintain two weather monitoring stations in one of the UK's largest offshore wind farm developments off the Norfolk and Suffolk coast. The Wood Group…
Ukrainian officials with Jordi Sarda BonvehiUkraine signs fake deal on state television Oilprice.com - Certainly the folks at Gazprom are having a good snicker, reveling in the mockery that has been made of what should have been a landmark…
FCX specializes in copper and gold miningFreeport enters energy sector with $9B merger Phoenix-based copper and gold mining company Freeport-McMoRan (FCX) has moved to acquire subsidiary McMoRan Exploration as well as Houston-based Plains…