Offshore Activity - page 1080

 

Prize Guys

Mar 03, 2012

Newcastle-based umbilical systems supplier Duco landed the top honour – subsea company of the year – at the Subsea UK annual awards dinner in Aberdeen last month. The company has seen turnover increase year on year with over £100 million in new contracts awarded in 2011 alone…

Star Information Systems

Mar 03, 2012

Norwegian technical ship and rig management services provider Star Information Systems (SIS) is establishing a permanent base in Rio de Janeiro, headed by Hans-Kristian Fjaerem. SIS customers operating in Brazil’s burgeoning offshore sector include Teekay Petrojarl…

Tenaris and CRC-Evans

Mar 03, 2012

Tenaris and CRC-Evans have entered into a commercial agreement to offer an integral package of tubular line pipe and welding technologies for offshore operations. The deal follows the technical cooperation agreement signed early last year, which…

Total

Mar 03, 2012

Total has become a member of the World Ocean Council, joining 40 other companies in in an alliance addressing today’s ocean stewardship challenges and opportunities facing ocean industries.

Weir Group

Mar 03, 2012

Scotland’s Weir Group has acquired Novatech, a Dallas, Texas-based and family-owned manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for $176 million.

Arctic aspirations

Mar 02, 2012

In a world where two things are certain – death and taxes – Arctic exploration does offer a certain amount of certainty: just a little bit of information can completely alter the way the industry views a specific Arctic area. Industry leaders…

M&A rebound to extend into 2011

Mar 02, 2012

Merger and acquisition activity in the oil & gas industry rebounded in 2010, up 35% over the previous year, Ernst & Young said last month. Global transaction value hit $270 billion last year, up from about $200 billion in 2009, the company said…

Is 'Obamatorium' killing the US Gulf?

Mar 02, 2012

The 'Obamatorium' – what Ron Neal, the co-founder and co-owner of Houston Energy calls the continuing de facto drilling moratorium in the Gulf of Mexico – is only one component of the political risk that has arisen in what was once a thriving oil & gas activity center…

Macondo comes to court

Mar 01, 2012

In the run up to the Macondo trial, which was to begin in Louisiana late last month, the federal judge hearing the case ruled contracts between well operator BP and its contractors – including Transocean and Halliburton – indemnified the contractors…

Risks require ‘holistic’ tack

Mar 01, 2012

Oil & gas companies today face a more complex and challenging risk environment than at perhaps any time in the industry’s history. And energy risks for both IOCs and NOCs will grow in size and inter-relatedness over the next several decades…

ROVs: going for growth

Mar 01, 2012

Barely recognizable from the Gulf of Mexico saturation diving company that emerged from a three-way merger back in 1969, Oceaneering is today in fully fledged dynamic growth mode. In the US, Russell McCulley looks at the company's plans to…

FIRMS and FACES

Mar 01, 2012

FMC Technologies has signed a definitive agreement to acquire control and automation system solutions provider Control Systems International (CSI). Founded in 1968, CSI is headquartered in Lenexa, Kansas, and has operations in Irvine, California…

NOV adds another piece to the production puzzle

Mar 01, 2012

National Oilwell Varco is looking to establish a major foothold in the flexible pipe business with the acquisition of Danish manufacturer NKT Flexibles, a joint venture between NKT Holding and Subsea 7 since 1999.The $670 million deal, announced early February…

A capacity to surprise

Mar 01, 2012

A rising tide of seismic demand has quite suddenly changed the conversation in the marine seismic community. Andrew McBarnet explains why.It’s amazing sometimes how quickly the clouds can clear. Just a month or two ago marine seismic companies were forecasting another flat year…

Midstream lifts M&A market

Mar 01, 2012

A robust mergers & acquisitions market in the latter half of 2011, particularly in midstream, bodes well for deal making in 2012, according to Deloitte's Center for Energy Studies. But world events could throw a wrench into the M&A machine, as Russell McCulley reports…

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