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Global Energy Takes Over Apollo Offshore

Mar 21, 2019

Global Energy Group, the provider of contract services to the oil and gas industry, has bought a majority stake in Aberdeen-based Apollo Offshore Engineering, forming a new contractor firm.The new company will be named Global Engineering and Construction (E&C)…

STR Opens Australian Office

Mar 19, 2019

The specialist in the design and manufacture of advanced subsea technology for the offshore energy industry, Subsea Technology & Rentals (STR), is delighted to announce the launch of its Australian Office and hosted its official office opening day in Perth…

SCF Registers Growth in Offshore Revenues

Mar 18, 2019

The energy shipping company PAO Sovcomflot (SCF Group) has managed to increase its revenue base and achieved a profit of USD 11.9 million against a USD 106.2 million loss in 2017.The annual results reflected a strong contribution from the industrial…

Vantage Drilling Sinks Into the Red

Mar 17, 2019

Texas-based offshore drilling contractor Vantage Drilling International reported a net loss of  $52.2 million for the three months ended December 31, 2018 as compared to a net loss of $36.6 million for the three months ended December 31, 2017…

EC Probes E.ON-Innogy Merger

Mar 11, 2019

The European Commission has opened an in-depth investigation into German utility E.on's  takeover of certain assets from domestic Innogy, saying the transaction may lead to higher prices for consumers.The deal, which is worth a reported €43 billion ($48 billion at today's conversion rate)…

Telford Offshore Cuts Share Count

Mar 06, 2019

International offshore services company, Telford Offshore, has unwound the share trust originally set up when it was formed via a corporate restructuring in February 2018.The 2018 restructuring brought the first four of Telford Offshore’s DP3…

Boskalis Buys UAE's Horizon Group

Feb 22, 2019

Dutch marine contractor Royal Boskalis Westminster has acquired a 62.5% majority stake in the UAE's Horizon Group to expand its surveying capabilities.According to press statement, the remaining 37.5% of the shares will be held by the incumbent management…

James Fisher Buys Saudi Offshore Firm

Feb 20, 2019

Marine and oil and gas services provider James Fisher and Sons (JFS) is expanding its footprint in the Middle East offshore market acquiring service provider Murjan Al-Sharq Marine Contracting LLC (MSMC) in Saudi Arabia.MSMC is an established service provider based in Saudi Arabia…

Kleven Delivers Maersk Anchor Handler

Feb 15, 2019

Maersk Maker, the sixth and last of a series of six anchor handlers for Maersk Supply Service A/S, was delivered from Norwegian shipyard Kleven on Thursday.Built for operation in deepsea depths, the M-series vessel Maersk Maker had a naming ceremony at Kleven yard…

Udenna Backs-out from EMAS Rescue

Feb 14, 2019

Philippine's Udenna Corporation has broken off negotiations over a potential investment of $73 million in struggling Singapore-based offshore vessel company Emas Offshore.The ailing Singaporean contractor Emas Offshore announced in a regulatory…

New Leadership at MHWirth

Feb 14, 2019

German drilling equipment and machinery company MHWirth, a unit of Akastor ASA, has appointed Merrill A. “Pete” Miller Jr. as Executive Chairman and Eirik Bergsvik as CEO.Akastor Chairman Kristian Røkke said, 'Pete Miller has an incredible track…

Ørsted Sells Half of US Offshore Wind Assets

Feb 10, 2019

Denmark’s Ørsted is selling a 50% stake in a portfolio of offshore wind assets to New England utility Eversource Energy, for about $225 million.'Ørsted and Eversource have been partners in the Massachusetts Bay State Wind offshore wind project and with this announcement…

Wintershall Appoints Helge Beuthan to Head ME

Jan 31, 2019

Germany's largest crude oil and natural gas producer Wintershall Holding has appointed Helge Beuthan as new general manager of its Middle East division in Abu Dhabi.Beuthan, the current vice president for global subsurface evaluation, would…

Lundin Buys Stakes in Rolvsnes, Goddo

Jan 28, 2019

Lundin Petroleum, Europe's independent oil and gas exploration and production company with operations focused on Norway, has increased its stake in the major Rolvsnes oil discovery in the Norwegian North Sea, flagging a potential tieback eventually to its operated Edvard Grieg oil field…

Cathie Associates, Blue Wind Sign Offshore Wind Deal in South Korea

Jan 23, 2019

The international geoscience and geotechnical engineering consultancy Cathie Associates has signed a Memorandum of Understanding (MoU) with Blue Wind Engineering (BWE) to cooperate on expanding within the offshore wind industry in South Korea…

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