UK firm Independent Oil and Gas (IOG) says it expects to award key project contactors and submit a field development plan for its Vulcan Satellites hub later this month following a report which has significantly increased reserves numbers for the fields…
Global Marine Group has agreed to acquire Fugro’s trenching and cable lay services business for about US$73 million in shares. The acquisition of Fugro’s trenching and cable lay services business involves the transfer of 23 Aberdeen-based Fugro staff and one vessel (Symphony)…
Wärtsilä has acquired privately-owned Guidance Marine, a company with offices in the UK, Singapore and the US that provides sensor solutions relating to dynamic positioning and other vessel control systems, such as collision avoidance and remote control operations…
BiSN announced the expansion of its corporate headquarters with a US$2.6 million (£2million) investment. Based in Warrington, the £2million premises will see BiSN expand into a 2000sq m site, which brings its research and development…
Eni has been ordered to shut down all production from the Goliat floating production, storage and offloading (FPSO) unit, after the Petroleum Safety Authority of Norway (PSA) gives the Italian giant a notice to improve its electrical safety…
Wood Group has completed its 'transformational' US$2.7 billion acquisition of Amec Foster Wheeler. Image from Wood Group. Meanwhile, WorleyParsons has entered into a binding…
Statoil's 2017 three-well UK North Sea drilling campaign has resulted in a discovery in the Verbier well, but leaves behind two disappointments, the firm reports today. On Verbier, after initial disappointing results in the target formation…
Siemens Gamesa Renewable Energy received a renewal of its contract to service the Greater Gabbard wind farm, off the east coast of the UK. The five-year contract is for the provision of operation and maintenance for the 504MW wind farm, until 2022…
Petrofac has secured a contract extension from Chevron North Sea for the provision of engineering services; an agreement it has held since 2014. The 12-month agreement, which comes into effect this month, will involve the continued provision…
Ensco plc announced today (5 October) that Ensco shareholders voted to approve the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics in connection with the all-stock acquisition of Atwood at the company’s general meeting of shareholders today…
Archer has launched a new generation of SPACE ultrasound imaging and measurement services, which apply ground-breaking ultrasonic techniques such as phased-array beam-forming to enable true spatial understanding of the downhole environment…
Aker BP has encountered further oil at the Frigg Gamma Delta discovery offshore Norway, but came up dry at an adjacent wildcat, according to the Norwegian Petroleum Directorate (NPD). Frigg Gamma Delta…
North Sea-focused Independent Oil and Gas (IOG) has signed a letter of intent with Heerema Fabrication Group for front-end engineering and design (FEED), and engineering procurement, construction and installation (EPCI) of up to four normally unmanned installation platforms (NUIs)…
Baker Hughes, a GE company announced that its board of directors has elected BHGE President and Chief Executive Officer (CEO) Lorenzo Simonelli as chairman of the BHGE board, effective today (2 October). Simonelli…
CGG’s creditors have overwhelmingly accepted the company’s proposed chapter 11 plan, the French seismic firm announced today (2 October). Image from CGG. “Specifically, all holders…