firmsHouston-based Deep Down is acquiring offshore industry syntactic foam flotation products and insulation materials provider Cuming. Total price for the acquisition including the assumption of certain liabilities is $50 million.The newly…
firms . . .Remedial Offshore has filed for Chapter 11 bankruptcy protection, allowing the company to continue to operate its facilities and offices in the ordinary course of business. Remedial will use the financing to increase working capital…
Paal Kibsgaard has been appointed COO of Schlumberger, taking responsibility for the dayto- day management of all the company’s worldwide operations in addition to its technology organization, including engineering, manufacturing and product development…