Norwegian oil services technology firm Cubility AS has been bought from private equity firm Energy Ventures by a Triton Partners fund. The firm, based in Sandnes, has developed MudCube, a solids control and waste management system for drilling operations…
The challenges associated with the analysis and design of offshore engineering equipment will be discussed at the next SPE talk in Aberdeen. Offshore marine equipment can be physically complex, expensive, safety critical and required to operate in harsh environments…
Weatherford International Ltd. and Baker Hughes Incorporated have signed an agreement for the sale of Weatherford’s pipeline and specialty services business to a subsidiary of Baker Hughes for a total consideration of US$250 million, including…
BP and Fletcher Technical Community College celebrated the grand opening of the college’s BP Integrated Production Technologies (IPT) building today. The new home of Fletcher’s IPT program, which the Louisiana board of regents recently designated a Deepwater Center for Workforce Excellence…
Houston-based UTEC Survey Inc. provided survey services aboard the Ocean Spur jackup rig for rig move operations in Amistad Field, Gulf of Guayaquil, offshore Ecuador. The survey work was staffed and project managed from UTEC’s Houston headquarters…
Oil and gas asset integrity and corrosion management firm LUX Assure has established a sales and service agreement with Houston-based Brown Corrosion Services Inc. Brown Corrosion Services will be handling the business development of…
Norway-based DNV GL has opened a new office in Vietnam. The facility was officially opened by Prince Haakon of Norway and Henrik O. Madsen, president & CEO of DNV GL. The new office which is located in the heart of the business district…
The Bureau of Ocean Energy Management (BOEM) received 380 bids on 19 Mar 2014, for 326 blocks in the central Gulf of Mexico, totaling more than US$850 million. Gulf of Mexico Lease Sale 231 attracted operators to bid on almost 40 million acres…
OneSubsea™ has shipped its 100th subsea tree from its manufacturing facility at Port of Tanjung Pelepas in Johor, Malaysia. The state-of-the-art facility has been operating since 2007 providing subsea wellhead systems, valves and trees across the globe…
CB&I announced it has been awarded a contract by Bechtel valued at about US$625 million to provide structural, mechanical and piping construction work for all outside battery limits modules and associated units for the Chevron-operated Wheatstone Project at Ashburton North in Western Australia…
Australia's infrastructure & environmental services consultancy Cardno Ltd. reported its largest acquisition to date with the purchase of the PPI Group of companies (PPI) headquartered in Houston, Texas for US$145 million. Cardno CEO…
Ophir Energy’s deepwater Padouck Deep-1 well, in the Ntsina block, offshore Gabon, has completed drilling and found no significant hydrocarbons. London-based Ophir said the well, drilled with the Vantage Titanium Explorer, was targeting…
Fairmount Marine’s Tug, Fairmount Glacier, has towed pipelay vessel Castoro Sei to Rotterdam, the Netherlands, from where the vessel will start her seasonal activities on the North Sea. The Fairmount Glacier hooked-up with Castoro Sei in Genoa…
Tri Tool Incorporated will be opening a new 15,000sq ft office and warehouse location to better serve the offshore and onshore pipeline oil & gas industries in the gulf region. On May 7th, Tri Tool will be hosting a grand opening event…
Luxembourg-based investment firm JACCAR Holdings has made a takeover bid for French offshore vessel owner Bourbon. JACCAR, the private, maritime sector-focused, investment company of Jacques de Chateauvieux, Bourbon’s chairman, already directly owns 26…
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