Downhole Products secured US$19 million in contracts in Malaysia and Angola in a mixture of three and three to five-year projects. The Asia Pacific region remains an important part of the world for the company and, since the creation of regional headquarters in Kuala Lumpur five years ago…
Balmoral Offshore Engineering (BOE) was presented with the UK Queen’s Award for Enterprise. It is the third time the company has won the international trade award, the first success coming in 2010. BOE saw overseas income increase by £20 million in the period 2012-14 with profits doubling…
FMC Technologies and Total signed a frame agreement for technology development on 5 May. The purpose of this agreement is to define the R&D relationship and to create a framework for collaborative and innovative projects. The goals of…
James Fisher and Sons completed the acquisition of Mojo Maritime Ltd. (MML), a specialist provider of project management, engineering and consultancy services to the offshore industry renewable energy sector. Founded in Falmouth 10 years ago by Richard Parkinson CEO…
Aibel was awarded a US$114.3 million engineering, procurement, construction and installation (EPCI) contract for work related to planned water injection from the Heidrun platform to the Wintershall Norge-operated Maria field. The Maria field is in the Norwegian Sea…
Ensco entered into a three-year contract with NDC for a new premium jackup, ENSCO110. This newbuild rig is scheduled to begin operations later this month offshore United Arab Emirates at a rate of approximately US$114,000 per day. NDC…
A new Houston-based subsea company, Underwater Integrity Solutions (UIS), was launched at the Offshore Technology Conference (OTC) on 4 May. The independent company will focuse on underwater integrity, production assurance and life extension for subsea fields…
Rolls Royce awarded Cortland a contract to supply its BOB 12x12 fiber rope for use on Rolls Royce's next fiber rope deployment system (FRDS). The FRDS system, which will have a single fall capacity of 150t, is being built for AKOFS Offshore…
FMC Technologies and Hayward Tyler Group entered into a production alliance agreement for the commercial manufacture of permanent magnet motors for use in FMC Technologies’ subsea pump systems. The alliance with Hayward Tyler signifies…
UK-based international oilfield services company Expro has won a four-year, US$45 million contract offshore Canada with Statoil in the Flemish Pass Basin. The contract, which includes options for two one-year extensions, will include…
FMC Technologies awarded DNV GL to perform independent third party verification of a high pressure, high temperature (HPHT) subsea completion, production and work-over system. Subsea illustration…
James Fisher Offshore, part of James Fisher and Sons, has reached an agreement with KPMG in Scotland to acquire a number of subsea assets free from encumbrances from Specialist Subsea Services. The assets include work-class ROVs, inspection class ROV and survey equipment…
Siem Offshore (SIOFF) agreed to sell Siem Daya 1 to Daya for US$120 million. In addition, SIOFF is entitled to a 60/40 profit share in SIOFFs favor based on the profit Daya makes on the vessel limited to an additional $10 million…
UK supermajor BP awarded Cape a US$153.5 million two-year contract to supply services on six North Sea assets and the Forties Pipeline Systems. According to Cape, the company will provide a range of core services, including access, insulation…
The Offshore Technology Conference (OTC) announced the final line-up of nine speakers for its new event, d5, which will debut on Friday, 8 May 2015, the day following OTC 2015, at the University of Houston. Themed “The Next Big Thing…
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