Apax Partners in conjunction with JMI Equity have agreed to acquire oil & gas focused software vendor Paradigm for around $1 billion in an all-cash transaction. Simmons & Co International advised Apax.
Aker Solutions is investing $100 million in a new multi-purpose service site in Macaé for its drilling equipment business in Brazil. The 335,000m2 development – eight times bigger than the company’s current facility in nearby Rio das Ostras…
Having consolidated all its coring activities under the one brand and under the stewardship of Doug Kinsella, the Reservoir Group is now billing Corpro as the world’s largest coring provider. Corpro was in the group’s original line-up when it was created five years ago…
Hazardous area electrical equipment specialist Dron & Dickson has established a new base in Dubai, headed up by newly appointed managing director Stuart Bell.
Hallin Marine has expanded its subsea services capability in the North Sea and Mediterranean regions by chartering the OSV Stril Explorer for an initial 12 months, with options to renew.
IHS has opened a new 25,000ft2 facility in Houston dedicated to the secure transformation of hard copy E&P records – well files, paper logs, maps, seismic sections, legal documents and the like – into proprietary, globally available, unlimited access…
Liquid Robotics and Schlumberger have created Liquid Robotics Oil & Gas, a 50:50 joint venture tasked with developing services for the oil & gas industry using Liquid Robotics’ wave-powered, autonomous marine vehicles, which can operate offshore for up to a year without crew…
Offshore Marine Group relaunched and rebranded its personnel department as Main Source Offshore People (MSOP).
Penspen plans to open an office in Mexico City, its third base in Mexico after Ciudad de Carmen and Comalcalco. Headed up by Mauricio Moreno Ramirez, the new office will focus on pipeline maintenance, performance improvement of existing oil & gas infrastructure, and training.
Swire Oilfield Services has officially opened two new plants in Brazil’s Macaé region. The first, a sling manufacturing facility, will produce a range of wire rope products including lifting sets for cargo carrying units (CCU) The second, a DNV 2…
Tenaris and Simas have signed a strategic agreement to supply state-of-the-art hot induction bends to the offshore industry. Through alliances with key vendors – such as the recent agreement signed with CRC Evans – Tenaris is looking to offer a one-stop-shop solution…
Weatherford International has completed the acquisition of completion tools specialist Petrowell. The two companies have been aligned in a global partnership to develop and commercialize ‘game-changing technologies’ since 2008.
The WGP Group has signed a new joint venture agreement with P-Cable 3D Seismic for the commercialisation of its new, patented High Resolution 3D seismic technology. The JV will trade as WGP Survey.
Open markets can be a powerful ally for a world seeking to manage short-term disruptions to energy supply and meet long-term demand, BP group chief executive Bob Dudley declared at the June launch of the BP Statistical Review of World Energy…
The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…
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