Industry News


Vår Energi Spurs Digital Transformation

Dec 03, 2019

Vår Energi said on Tuesday it has signed a partnership agreement with Capgemini to accelerate digital transformation.Under the agreement, Capgemini will support Vår Energi’s Digital transformation program, including delivery of digital services…

Jadestone Names Stewart Non-Executive Director

Dec 02, 2019

Asia Pacific focused independent Jadestone Energy said it has appointed Lisa A. Stewart as a non-executive director of the board, effective December 1, following the departure of Eric Schwitzer, effective November 30. Jadestone will continue to have eight directors…

Subsea Tieback Research Hub Opens in WA

Nov 29, 2019

A new research and technology center backed by Chevron and Woodside has been launched at The University of Western Australia (UWA) to study long subsea tiebacks.The Center for Long Subsea Tiebacks laboratory located at UWA will focus on long…

Saudi Aramco IPO: $44.3 Bln in Bids So Far

Nov 29, 2019

Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25…

Delek Group Names New CEO

Nov 28, 2019

Israeli independent Delek Group announced Idan Wallace, currently deputy CEO, has been appointed as the new Chief Executive Officer, effective January 1, 2020.Wallace takes over from Asaf Bartfeld, who is retiring at the end of 2019 after serving…

ROVOP to Hold Open Day for Graduates

Nov 26, 2019

Subsea robotics company ROVOP is set to host its annual graduate open day at its Aberdeen headquarters, inviting final year university students to learn about its two-year program, taking place on Wednesday December 4.Attendees will have the…

IKM Cleandrill Merges with Enhanced Drilling

Nov 26, 2019

Enhanced Well Technologies AS, a company owned and controlled by EV Private Equity together with Shell Ventures B.V. and the IKM Group, announced the acquisition of riserless mud recovery services provider IKM Cleandrill AS. This acquisition…

Arnold Joins Valaris Board of Directors

Nov 26, 2019

London headquartered offshore drilling contractor Valaris said it has appointed Frederick Arnold to the company's board of directors, as the company as part of an ongoing board refreshment plan.Arnold, who joins the board as an independent director effective immediately…

Coretrax Acquires Churchill

Nov 26, 2019

Well construction and intervention company Coretrax announced on Tuesday it has acquired Churchill Drilling Tools for an undisclosed sum as part of an ongoing growth and expansion strategy.Coretrax has been investing heavily in developing technology…

Mitsubishi Beats Shell to Buy Eneco

Nov 25, 2019

A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR.Eneco, a company owned by…

BV Wins Shell Services Deal

Nov 25, 2019

testing, inspection and certification services firm Bureau Veritas said its consultancy and outsourcing brand has been awarded a three-year Enterprise Frame Agreement with Shell to provide asset integrity management support services.The scope…

Ardyne Scores Services Deal from Equinor

Nov 25, 2019

UK plug, abandonment and casing recovery specialist Ardyne said it has entered a frame agreement with Norwegian energy company Equinor to provide fishing services covering all of the operator’s assets on the Norwegian Continental Shelf.The agreement…

N-Sea-BODAC Boosts UXO Services Offering

Nov 25, 2019

UXO survey, identification and disposal services joint venture N-Sea-BODAC reports it will make significant investment in its further development following year-on-year commercial growth since being formed in 2016.“Following three years of successful joint operations…

SBM Acquires Constellation's Stakes in 5 FPSOs

Nov 22, 2019

SBM Offshore announced on Friday it has completed the purchase of Constellation’s equity ownership in the lease and operating companies related to five Brazilian floating production, storage and offloading units (FPSO).The Netherlands based…

Siccar Point Attracts Bids of up to $2 Bln

Nov 22, 2019

Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources.Bidders in the first round, which ended on Nov…

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