Sarah Parker Musarra spoke with well intervention vessel providers, following a panel discussion at the 2014 Deepwater Intervention Forum, to examine the pros and cons behind using purpose built or dedicated vessels. Helix’s…
FoundOcean and Ranger Offshore Inc. signed a strategic agreement this month, formalizing a relationship that has previously developed between the two companies. FoundOcean, Ranger Offshore combine…
German company RWE Dea has been awarded two offshore blocks in the Gulf of Suez in Egypt’s international bid round. The new RWE Dea licences in the Gulf of Suez Map from Dea RWE will become…
CNOOC Ltd. began drilling at the WZ12-10-1 exploration well in the Beibu Gulf Block 22/12, offshore China. Map from Horizon Oil The well is located 4.7km east-northeast from Roc’s existing…
A new London-based firm co-founded by the former CEO of Cobalt has launched a US$30 million 'flat pack' accomodation barge design for use by the extractive and construction industries, including offshore oil and gas companies. The barge-based new design…
Australian supply chain logistics group Brambles is to acquire Aberdeenshire-based Ferguson Group for an enterprise value of £320 million (US$545 million) expanding its container business. Ferguson Group provides container solutions to the offshore oil and gas sector…
Tenaris is now the sole owner of Socotherm Brasil, having bought out Socotherm America's 50% share. The Socotherm Brasil coating facility, located beside the Confab welded pipes mill in Pindamonhangaba, São Paulo, was previously managed in partnership by Tenaris and ShawCor…
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…
Heat transfer, centrifugal separation and fluid handling firm Alfa Laval has won an order to supply Framo pumping systems to Samsung Heavy Industries in South Korea for use on Total's Egina FPSO. The order, worth about SEK 240 million…
SNC-Lavalin Group Inc. announced it completed its acquisition of Jersey-based oil and gas services company Kentz Corp. Ltd. The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company…
BW Offshore has agreed a US$800 million, 10-year credit facility for the Catcher floating production, storage and offloading project. The facility is a combined construction and long term financing facility. The credit facility was substantially…
Using the tensioner test rig simulator can show how to improve tensioner pad design, says MacKinnon Marine’s Alex MacKinnon. The technical demands on pipeline installers continue to grow, due to the need to service the deeper field depths being exploited…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
Production began from two “high-rate” wells at Murphy Oil’s Dalmatian development in the US Gulf of Mexico. The US-based company announced that the project came online during its 2Q 2014 earnings report. Murphy Oil said the results were “better than planned…
An ILT being placed inside a pile. IHC Handling Systems has a tool which may prove useful removing no longer required platform jackets. Elaine Maslin reports. Operators are finally…
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