Offshore Activity - page 561

 

KBR announces restructure

Dec 12, 2014

Less than one year into his tenure as the President and CEO of KBR, Stuart Bradie will spend up to US$1 billion to streamline and reorganize the energy engineering and construction giant following the results of a strategic review he initiated in June…

EMGS extends EM Leader contract

Dec 10, 2014

EMGS and Seatrans signed an extended charter agreement for the EM Leader vessel. From EMGS.   EMGS will charter the vessel for two years and has two options for a one-year extension…

CNOOC, KUFPEC sign three PSCs

Dec 10, 2014

China National Offshore Oil Corp. (CNOOC) and Kuwait Foreign Petroleum Exploration Co. (KUFPEC) signed three production sharing contracts (PSC) for Blocks 52/22, 52/26, and 63/13 located in the Yinggehai basin, in the South China Sea. According to the terms of the PSCs…

Schneider Electric, EPD partner for US IEC equipment production

Dec 09, 2014

Schneider Electric and Electronic Power Design (EPD) are creating a partnership to produce Schneider Electric IEC equipment in the United States. Through this partnership, Schneider Electric will manufacture Okkenglobal products in the US for the first time…

Tritech opens Ulverston facility

Dec 08, 2014

Aberdeenshire-based Tritech International has relocated its design and production operations to a new site within the Cumbrian town of Ulverston. The company has been operating in Ulverston since 1986 and in July 2013 began ground works on a new purpose-built building…

Zamakona Yards, GS-Hydro sign agreement

Dec 08, 2014

Zamakona Yards has signed an initial two-year agreement with Finnish multinational GS-Hydro. The contract has an initial duration of two years. The agreement was signed 5 December in Zamakona Yards' Las Palmas Port offices by Borja Garaygordobil…

Halliburton announces Baker integration plan

Dec 05, 2014

After one of the biggest merger deals of the year, Halliburton is moving forward with the announcement of its new board of directors, beginning with the appointment of Mark McCollum as executive vice president and chief integration officer…

2H invests in new Malaysia, Australia facilities

Dec 03, 2014

2H Offshore invested in improved office facilities in Kuala Lumpur, Malaysia and Perth, Australia, to support ongoing growth in the Asia Pacific region. “The subsea oil and gas industry in Asia Pacific continues to grow rapidly,' says Hugh Howells…

Statoil, EMGS enter multi-client agreement

Dec 02, 2014

Electromagnetic Geoservices ASA (EMGS) entered into a data licensing agreement with Statoil ASA worth US$10 million for the provision of 3D EM data from EMGS' multi-client data library in Norway. After adjustment for partner's share of the revenues…

Statoil using Nexans DEH in Norwegian Sea

Dec 01, 2014

Statoil, on behalf of Wintershall, signed a contract with Nexans for the supply of direct electrical heating (DEH) technology. The DEH riser will connect the Kristin and Maria fields in the Norwegian Sea with the Kristin platform, ensuring the constant flow through pipelines…

Proserv gets US$20 million Hess subsea contract

Dec 01, 2014

Hess Corp. awarded Proserve a contract worth in excess of US$20 million for the provision of a 12-well subsea control system along with associated topside and subsea interface equipment for the deepwater Stampede development, in the Gulf of Mexico (GoM)…

Lubrizol buying Weatherford businesses for US$825 million

Dec 01, 2014

Weatherford International plc signed a definitive agreement with an affiliate of the Lubrizol Corp. for the sale of the Weatherford’s engineered chemistry and integrity drilling fluids business. The businesses will be sold for US$750 million in cash…

OPEC sticks to its guns - oil price slides

Nov 28, 2014

Benchmark Brent crude plunged to a four-year low, below US$73 a barrel, yesterday (27 November) after oil cartel OPEC chose to leave its 30MMbbl/d output target unchanged at its latest meeting in Vienna.  The move, led by Saudi Arabia…

WellPartner acquired by Circle Group

Nov 28, 2014

Newly formed Circle Group has acquired Stavanger WellPartner, an equipment and services company servicing the Norwegian subsea, completion and intervention markets. The deal is Circle Group’s first acquisition and the foundation for the Well Service division…

MacArtney buys Callidus Subsea

Nov 28, 2014

Offshore systems supplier MacArtney UK has announced the acquisition of Ellon-based Callidus Subsea. The acquisition supports MacArtney UK’s targets to become a market leader in the design and production of cable assemblies and moldings…

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