Subsea services specialist Sapura Brazil has signed a five-year optimized maintenance agreement with Wärtsilä.As per the agreement the the Finnish tech major will support Sapura’s fleet of six pipe-laying support vessels' (PLSV) operational…
Subsea services group Acteon announced on Monday it has acquired Proserv’s field technology services (FTS) business unit, including its surveying capability. The exact terms of the transaction were been disclosed.The services and facilities of the FTS business…
Technology company ABB said it will support Norwegian oil and gas producer OKEA in an effort to achieve productivity gains using agile and dynamic business models, looking at areas such as autonomous operations, digital solutions and advanced services…
Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield.Equinor agreed to sell about 54.5 million Lundin shares at a price of 266…
Subsea services firm DeepOcean said it has been awarded a contract from Norwegian energy company Equinor for marine operations for the installation of the Vigdis boosting station.The award to covers project management, engineering and offshore installation activities…
The Norwegian Petroleum Directorate said it is seeking a new director general to succeed Bente Nyland, who will complete her term at the end of 2019 after 12 years in the role.NPD said the Ministry of Petroleum and Energy has started its search for a successor…
Controls technology company Proserv said it has sold its through-water digital acoustic communications and positioning systems business, Nautronix, to Imenco, a Norwegian supplier of subsea electronic and mechanical products.The divested unit will become a division within Imenco…
Sparrows Group said it has been awarded its first contract for the provision of rigging loft maintenance services in Qatar.The four-year contract includes the provision of services for the refurbishment, repair, load test and recertification of rigging lofts and contents…
Israel-focused gas driller Energean said on Thursday it will buy Italian energy group Edison's oil and natural gas unit for an initial consideration of $750 million.The acquisition would significantly expand Energean's operations in the growing eastern Mediterranean gas hub…
Norwegian semi-submersible accommodation vessel owner Prosafe has taken delivery of the Safe Eurus, an advanced and flexible vessel for worldwide operations excluding Norway.The Safe Eurus was delivered in May and will shortly begin mobilization…
A memorandum of understanding (MOU) signed this week by Saudi Aramco and Baker Hughes, a GE company (BHGE) will see the two firms establish a new joint venture facility in Saudi Arabia to manufacture non-metallic materials which will be used in a variety of areas of the energy industry…
APL, a business unit within NOV's Completion & Production Solutions segment, has secured the contract from South Korean builder Samsung Heavy Industries to supply a large submerged turret production (STP) system for a newbuild floating production…
Italian oil contractor Saipem is stepping up efforts to find a partner for its drilling business by moving a top manager to head the business, a source with knowledge of the matter said on Tuesday.Stefano Porcari, chief operating officer at the group's E&C Offshore Division…
UK-based ALE Heavylift and compatriot engineering and construction company J Murphy & Sons announced a new collective partnership to offer linear winch hire, pipe pulling and installation engineering services worldwide.As part of the agreement…
UK-based offshore drilling contractor EnscoRowan announced that it will change its name to Valaris, effective July 31, 2019.The London-headquartered firm said in a stock exchange announcement that its ordinary shares will trade under the new ticker symbol VAL following its name change…
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