Offshore Activity - page 1101


Optimization Petroleum Technologies

Jun 26, 2012

Houston-based Optimization Petroleum Technologies (OPT) has named DeepDraft Energy as agent to sell and implement OPT’s PEOffice software suite throughout Africa, with an exclusive focus on Nigeria and Ghana.


Jun 26, 2012

Aberdeen-headquartered Proserv, backed by private equity firm Intervale Capital, has acquired the subsea controls business of Weatherford International. The deal includes more than 300 personnel and all control systems operations in the UK, Norway, North America, the Middle East and the Far East.


Jun 26, 2012

Schlumberger has acquired Gedco, a Calgary-based provider of integrated geophysical survey design software and services. Gedco, which becomes part of the WesternGeco business unit, developed the OMNI 3D seismic survey design and modeling system and the VISTA 2D/3D seismic data processing package.

Smit Lamnalco

Jun 26, 2012

Following the 2011 acquisition of Smit’s terminal and anchor handling tug supply activities by Lamnalco, the marines services group has been officially rebranded Smit Lamnalco. Chief executive Daan Koornneef said the new identity reflected the…

StormGeo, DNV

Jun 26, 2012

Building on its strategic partnership with meteorology and risk assessment firm StormGeo, DNV has acquired the right to purchase 22.6% of StormGeo’s shares through a mutually convertible capital issue.


Jun 26, 2012

Technip has entered into an agreement to acquire Stone & Webster process technologies and the associated oil and gas engineering capabilities from The Shaw Group for a cash consideration of approximately €225 million.

Topaz Energy & Marine

Jun 26, 2012

UAE-based Topaz Energy & Marine has signed phase one of a US$ 330 million loan agreement with a syndicate of banks towards the refinancing of some of its existing loans. As well as extra liquidity, the deal paves the way for new investments in Topaz’s offshore support vessel operations.

Valle Silencioso

Jun 26, 2012

Valle Silencioso, a company managed by Sophia Capital, now has a 95.8% stock holding in pipeline coatings and subsea thermal insulation specialist Socotherm following the acquisition of 50% of the outstanding shares of SO-4 Ltd from 4D Global Energy Investment…

West Engineering Services

Jun 26, 2012

Newly acquired West Engineering Services joined the Lloyd’s Register stable on 1 May in a move the class society believes will secure its position as the premier independent risk-management organisation supporting the global offshore drilling industry…

Turbine flowmeters hold their own

Jun 01, 2012

Despite competition from ultrasonic, Coriolis, and other new-technology flowmeters, turbine flowmeters remain a viable and popular choice for a variety of applications, according to a new report by Wakefield, Massachusetts based Flow Research…

Rig market

Jun 01, 2012

OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the competitive fleet of mobile offshore drilling units worldwide has been gradually improving since February and is currently in the mid-80% range…

Oil & gas spending set for record highs

Jun 01, 2012

Total spending for upstream oil & gas will hit nearly $1.3 trillion this year, led by a robust North American market, according to a new report by IHS.Driven by strong oil prices and the North American unconventional gas boom, global upstream…

Mixed outlook for M&A

Jun 01, 2012

Despite higher oil prices, improving access to capital, increasing economic optimism and a generally more favorable deal environment, oil & gas executives are still cautious about engaging in M&A, according to Ernst & Young's sixth Global Capital Confidence Barometer…

Riser replacement

May 27, 2012

The first of several riser replacements for Statoil on the Norwegian continental shelf was successfully completed recently by Emas AMC using the construction vessel AMC Connector. This one took place on Snorre B and the Emas AMC contract…


May 27, 2012

Temporary power specialist Aggreko has entered into an agreement to acquire the entire share capital of South American fellow traveler Companha Brasileira de Locacoes (‘Poit Energia’) for a cash consideration of £140 million and potentially…

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