Following similar orders placed in November 2012 and August 2013, Norway-based Siem Offshore contracted Wärtsilä to supply the design and integrated solutions for four new platform supply vessels (PSVs). The ships will be built at the Remontowa Shipbuilding yard in Poland…
Rosneft and General Electric signed an agreement to set up a series of joint ventures. The document was signed by Rosneft President Igor Sechin, and General Electric CEO Jeffrey Immelt in the presence of the Prime Minister of the Russian Federation…
Artificial Lift Company moved its headquarters to Houston from Great Yarmouth, United Kingdom, Artificial Lift President and CEO David Malone announced. Situated in the Westchase District near the Energy Corridor, the company’s offices and warehouse total 28…
Seatronics Inc. is moving to a new, purpose-built facility in Houston to expand its rental, sales and service work for customers throughout North and Central America. The new plant contains service facilities for cable moulding, connector…
The past few weeks have seen a string of profit warnings and capital spending cutbacks from global oil and gas exploration majors. Should oilfield service companies be worried that the good times are coming to an end? According to bank and investment company Investec…
Energy production technology services company Proserv has bought KRG Industries Ltd from majority shareholder Torishima Pump Mfg. Co. Ltd, (Torishima) in Japan. KRG provides precision engineering services to the oil and gas and aerospace and defense industries…
Trelleborg’s offshore operation has been awarded its first order for drill riser buoyancy modules (DRBM) and riser protection by engineering, procurement, construction and installation contractor, Hyundai Heavy Industries (HHI) in Korea. For Trelleborg…
Sevan Marine ASA has acquired the technology rights of TORP LNG AS and its affiliates. This acquisition gives Sevan Marine ownership of the proprietary HiLoad technology for offshore loading of LNG. The HiLoad technology was originally developed…
Murphy Oil has started drilling the Bamboo-1 exploration well on the Ntem concessions, offshore Cameroon, using the Ocean Confidence(pictured) fifth generation semisubmersible drilling rig. The well, about 56km off the coast, has an estimated…
Keppel FELS has won a contract from a subsidiary of UMW Oil & Gas Corporation (UMW Oil & Gas) for a KFELS B Class jackup rig worth US$218 million. It will be the third KFELS B Class jackup rig for UMW Oil & Gas and is scheduled for delivery in 3Q 2015…
Wood Group Kenny Pty Ltd. (WGK) and TRAC Oil & Gas Pty Ltd. (TRAC) signed a formal MoU for the provision of integrated integrity management, inspection, verification, non-destructive testing (NDT) and rope access solutions to conventional oil…
MacGregor, part of Cargotec, won an order worth around US $31 million for six active heave-compensated (AHC) subsea cranes from the Dutch IHC Merwede. The cranes will be installed on three pipe-laying ships destined for the UK headquartered global offshore specialist…
IHC Merwede has been successful in securing orders worth US$473 million for a wide range of dredging and offshore vessels and equipment. The company’s dredging division has won new contracts for the delivery of a large custom-built trailing suction hopper dredger…
SNC-Lavalin Group Inc., is opening its regional head office for the Middle East and Africa in Abu Dhabi. The opening of the office, an important milestone in SNC-Lavalin's development, coincides with a contract the company recently signed with Ma'aden in Saudi Arabia…
Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…
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