Pre-rig technology solutions company Neodrill announced a global cooperation agreement with mooring, foundations and subsea installation services provider InterMoor for project execution and installation support.Effective immediately, the new…
Two Houston based firms have teamed up to provide offshore drilling rig surveys, engineering and manufacturing for rig modifications or upgrades.Marine engineering and naval architecture firm Zentech Incorporated said it has partnered with fabrication…
State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion listing in 2014.Here are key events in the Saudi state oil giant's planned stock market debut…
Fugro reports it has completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).The survey was performed in August in water depths of 600 m using the Fugro Equator, a dedicated geophysical survey vessel…
With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own…
Neptune Energy has acquired from Eni a 20% participating interest in the in the East Sepinggan area offshore Indonesia.Eni, with 65% interest, will continue to be the operator of the area which is located in the East Sepinggan area, offshore East Kalimantan in Indonesia…
SBM Offshore announced it has signed contracts with Chinese shipyards for the construction of the company’s fourth and fifth hulls under its purchase program for Fast4Ward newbuild multipurpose floating production, storage and offloading unit (FPSO) hulls…
AXIS Pipeline Construction Group and ST Engineering Halter Marine and Offshore shipyard have partnered to service the subsea fabrication and installation market. This newly forged partnership, combined with more than 40 years of subsea fabrication and installation management experience…
Marine equipment fabrication and rental company Motive Offshore Group has rounded off the final quarter of 2019 with the launch of a new Flexibles division and supporting acquisition.Motive has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum…
Polymer materials supplier Covestro has signed a 10-year corporate power purchase agreement with Ørsted to buy the output of 100MW from the planned Borkum Riffgrund 3 offshore wind farm, expected to be fully commissioned in 2025, subject to Ørsted's final investment decision (FID)…
Ocean data company XOCEAN announced on Wednesday that it has completed the acquisition of autonomous hydrographic survey company 4D Ocean.The announcement follows the news of XOCEAN’s successful €7.9 million funding round earlier this month…
Vår Energi said on Tuesday it has signed a partnership agreement with Capgemini to accelerate digital transformation.Under the agreement, Capgemini will support Vår Energi’s Digital transformation program, including delivery of digital services…
Asia Pacific focused independent Jadestone Energy said it has appointed Lisa A. Stewart as a non-executive director of the board, effective December 1, following the departure of Eric Schwitzer, effective November 30. Jadestone will continue to have eight directors…
A new research and technology center backed by Chevron and Woodside has been launched at The University of Western Australia (UWA) to study long subsea tiebacks.The Center for Long Subsea Tiebacks laboratory located at UWA will focus on long…
Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25…
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