Norwegian private equity outfit HitecVision has created a new oil service group by merging five companies in its portfolio. Global Maritime Group comprises companies working within offshore and maritime engineering, marine warranty, dynamic positioning…
AVEVA announced a number of improvements to AVEVA NET, its powerful information management software. Customer feedback has already shown that these improvements enhance both overall user experience and productivity, enabling significant…
Hot on the heels of a new Recommended Practice (RP) for subsea lifting, DNV GL has now published an RP providing guidance on how to establish, implement and maintain an integrity management system (IMS). The aim is to help operators carry…
Norway’s Kleven awarded MacGregor a contract for six comprehensive deck handling equipment packages. Image from Cargotec. The contract will see MacGregor deliver Triplex 42 Multi-deck handlers…
French engineering firm Technip has dropped its big to make an offer for fellow French seismic acquisition and services firm CGG. Technip's shares rose 6% on the announcement, while CGG's dropped 30%. Technip, which first approached CGG over a possible offer on 10 November…
DONG Energy has appointed a new Group Executive VP and CEO for its exploration and production division to replace Søren Gath Hansen, who is stepping down from the role. David B. Cook, Hansen's replacement, is a 52-year-old American who…
Aker Solutions is to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield development in the UK North Sea under a contract Daewoo Shipbuilding and Marine Engineering worth more than GBP120 million…
The modules for the first compressor train to be installed in the Åsgard subsea gas compression system - the world's first subsea compression system - are ready to be transported from Egersund in Stavanger, Norway, to Kristiansund, pending installation at the field next year…
Oilfield services group ASCO's CEO and chairman are leaving the business, the company revealed today by announcing it had appointed Alan Brown as its new CEO. The firm has appointed former business services firm Rentokil Initial CEO Alan Brown as its new CEO…
The Norwegian Oil Industry Association's CEO Gro Brækken is to quite before summer 2015 over differences in opinion over how the organization is run. Brækken, who has been CEO of the association since 2009, said he believes in the future of oil and gas industry in Norway…
Swedish heat transfer, centrifugal separation and fluid handling firm Alfa Laval has won an order to supply compact heat exchangers for two FPSOs to be moored offshore Angola. The order is worth about SEK 50 million (US$6.6 million) and delivery is scheduled for 2015…
Italian giant Eni released a statement regarding its stake in Saipem saying it’s no longer in line with Eni’s strategy. Eni says that its new organizational structure introduced last July involved a greater focus on the oil & gas business…
Wood Group PSN (WGPSN) has been awarded a five year contract worth about $750million by BP for engineering, procurement and construction services on six UK continental shelf (UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore midstream facilities in Grangemouth…
Floating production and mooring specialists SBM Offshore is cutting 1200 jobs and relocating its headquarters from Monaco to Amsterdam, the firm announced this morning. SBM said: 'In light of market conditions and in order to optimize the company's cost base…
Private equity back exploration outfit EPSI has made a NOK6/share offer for the remaining shares of Norwegian exploration firm Rocksource, valuing the firm at US$82 million. EPSI, a HitecVision VII investment, initially increased its holding in Rocksource to 33…