Ikm Group News

 

HAV Group Acquires DP Specialist Undheim Systems

Sep 01, 2023

Norway's HAV Group has completed the acquisition of Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels. The consideration for the purchase includes a non-material cash amount and 250,000 shares in HAV Group ASA, valued at NOK 14…

Unique Group Names New CEO

May 30, 2023

Unique Group, a subsea technology and engineering services firm, has appointed Sahil Gandhi as Chief Executive Officer (CEO), succeeding Himanshu (Harry) Gandhi, who will now assume the position of Chairman of the Group.Acting as Unique Group’s COO since 2017…

Exxon-Led Group Earned Nearly $6 Billion in Guyana Last Year

May 25, 2023

Exxon Mobil and two partners earned $5.8 billion last year from offshore oil production in Guyana, according to audited results filed in an appeal of a court ruling that found them in breach of insurance obligations.The filing is the first disclosure of 2022 profits Exxon…

Drone-Based Methane Emissions Survey to Aid Bumi Armada's Action Plan for Kraken FPSO

May 23, 2023

IKM Testing UK has secured a second contract with the Malaysian FPSO leasing firm Bumi Armada to deliver a drone-based methane emissions survey on the Armada Kraken FPSO, producing oil for EnQuest in the North Sea.The project follows an aerial…

Buyout House Apollo Rules Out Takeover of Britain's Wood Group

May 15, 2023

U.S. private equity firm Apollo Global Management on Monday said it would not proceed with a takeover offer for British oilfield services and engineering firm John Wood Group after tabling an exploratory bid last month.Apollo had until later…

HAV Group Set to Acquire Undheim Systems, Adding DP Capabilities

May 09, 2023

Norway's HAV Group ASA has agreed to acquire Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels.'The planned technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality…

ABL Group Acquires AGR from Akastor

Apr 18, 2023

Akastor has completed the transfer of all shares in AGR, an offshore engineering, consultancy, and software company, to the Norwegian energy and marine consultancy group ABL Group under the terms first announced on March 20, 2023.A total of 18…

Wood Group to Engage with Apollo on $2.1B Proposal

Apr 17, 2023

John Wood Group said on Monday it has decided to engage with Apollo Management for a firm offer from the private equity firm for a final buyout price of 240 pence per share, which values the group at about 1.66 billion pounds ($2.06 billion)…

ABL Group to Acquire AGR from Akastor

Mar 20, 2023

Norwegian energy and marine consultancy group ABL Group has agreed to acquire 100% shares in offshore engineering, consultancy, and software company AGR from Akastor.'The purpose is to bolster ABL Group’s offering within well and reservoir consultancy…

Britain's Wood Group Considers Rejecting Latest Buyout Proposal from Apollo Global

Mar 07, 2023

John Wood Group said on Tuesday it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management Inc, citing that the offer undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6…

UK's Engineering Giant Wood Group Rejects Takeover Approach

Feb 24, 2023

Shares of John Wood Group Plc surged over 30% on Thursday after the company said it received three preliminary buyout proposals from private equity firm Apollo Global Management Inc. The British oilfield services and engineering firm said late…

Marlink Comms Solutions for 102 Miclyn Express Offshore Vessels

Jan 31, 2023

Marlink, a global provider of satellite and digital communication solutions, is implementing a fleet-wide migration of its smart managed network solution for offshore vessel operator Miclyn Express Offshore (MEO Group) to support its ongoing digitalization program…

Subsea Robotics: Aquanauts, Hydronauts, Roll Out

Jan 30, 2023

Houston-based Nauticus Robotics’ first production Aquanauts and Hydronauts will head into the wild and closer to full commercialization this year, with testing planned in Norway and in the Gulf of Mexico. Founder and CEO Nicolaus Radford discusses the past few busy years for the tech start-up…

South Korea: Hanwha Group Inks Deal to Take Over Daewoo Shipbuilding

Dec 16, 2022

South Korea's Hanwha Group has signed an agreement to take over Daewoo Shipbuilding & Marine Engineering, Daewoo Shipbuilding said in a regulatory filing on Friday. The deal comes after the two parties signed a tentative agreement in September in which affiliates of Hanwha Group…

Pryme Group Launches Specialist Tooling Systems for Offshore Wind Installation

Nov 23, 2022

Engineering firm Pryme Group said Wednesday it had launched two specialist tooling systems - Pile Fixation Tool (PFT) and PileProp - for offshore wind installations, via Caley Ocean Systems. The company said the tools were designed to support…

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