Baker Hughes Inc. completed the acquisition of Weatherford’s pipeline and specialty services business for US$250 million. The total consideration includes $241 million in cash and $9 million in retained working capital. The purchase…
Atwood Oceanics, Inc. took delivery of Atwood Achiever from the Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in South Korea. Atwood says the ultra deepwater ship began the mobilization phase of its drilling services contract with Kosmos Energy…
Canada-based, North Sea-focused independent exploration firm Iona Energy has appointed two industry veterens to its ranks and said it plans to go on the acquisition trail as part of growth plans. Former Ithaca Energy CEO Iain McKendrick…
DOF Subsea's UK business unit has been awarded and started work on a multi-million dollar contract with Italy's Saipem. The scope sees the provision of DOF Subsea’s dive support vessel Skandi Singapore and project crew, to complete two key construction projects offshore West Africa…
MacGregor, part of Cargotec, has secured a contract from German shipyard Flensburger Schiffbau Gesellschaft (FSG) for the complete delivery of remotely operated vehicle (ROV) access doors and hatches for two well-intervention vessels (WIVs)…
Statoil is ceasing production on its Huldra platform today (September 3), the company announced. Huldra is the first gravity-based Statoil-operated installation in the North Sea to be shut down permanently. The platform, in production license (PL) 051/052…
The Society of Petroleum Engineers (SPE) Aberdeen Section has appointed Ross Lowdon (pictured) as chairman. Lowdon takes over from Anthony Onukwu and will hold the chairmanship until September 2015. Read more: Anthony Onukwu reflects on 40 years' of SPE Aberdeen…
Companies are still overlooking the potential threats from cyber crime despite the multi-thousands and even multi-million dollar bills a successful attack could cause. Furthermore, attacks have and continue to penetrate process control systems and take control of physical processes…
Nautronix has commissioned the largest NASDive digital diver communications system for GDA. The vessel provides support for the Swedish Navy, and is fitted with hyperbaric chambers to facilitate rescue of submariners in the event of an incident…
VBMS awarded JDR a contract for the Statoil/Statkraft Dudgeon offshore wind farm. Dudgeon, off the UK’s Norfolk coast will utilize over 95km of JDR’s copper core inter-array cable and a range of cable accessories. The design and manufacture…
Statoil’s executive VP of development and production discusses the importance of ONS 2014 and Statoil’s presence and projects. At ONS, Statoil called on the industry to develop a Lego-approach to bring standard parts together as building blocks for projects…
Inpex Corp. reached an agreement to transfer a 25% participating interest in the deepwater Block S offshore East Malaysia to Australia-based Santos. Block S is located in the Sabah basin and covers 574sq km with a water depth ranging from 200m to 1500m…
Endeeper and Petrobras entered into a two-year contract for provision of services related to Endeeper's software package for petroleum geology. The contract allows the development of new modules for Petroledge, Hardledge and RockViewer systems in addition to software training…
Seoul, South Korea-headquartered Samsung Heavy Industries will merge with Samsung Engineering Co., Ltd., the companies announced on 1 September 2014. The goal of the merger is to allow the companies a chance to become a global top-tier EPC (engineering…
Honeywell Process Solutions announced the release of Digital Suites for oil and gas, an innovative set of software and comprehensive services that can help oil and gas producers boost production performance by 3 to 5% while improving operational safety…
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