Energy production technology services company Proserv has bought KRG Industries Ltd from majority shareholder Torishima Pump Mfg. Co. Ltd, (Torishima) in Japan. KRG provides precision engineering services to the oil and gas and aerospace and defense industries…
UK-based maritime services company James Fisher and Sons has acquired Subsea Vision for £2.5 million. Subsea Vision owns and operates remotely operated vehicles (ROV) providing underwater surveys, inspections, and construction support to the oil and gas industry…
During Q4 2013, Iona produced on average 3280 boe/d as Huntington ramp-up continued to increase following the previously announced curtailment of production by the operator of the Central Area Transmission System from mid-September to late November 2013…
Bergen Group Hanøytangen is in takeover talks with the owners of Norwegian decommissioning firm Scanmet AS. Bergen Group says Scanmet AS is among the oldest and most experienced companies in Norway that carry out decommissioning of oil installations in the North Sea…
Norway-based offshore marine and engineering consultancy Aqualis Offshore has opened a new office in Bahrain. Aqualis already has offices in Dubai, UAE (regional headquarters), and Dammam, Saudi Arabia, in the Middle East. “The primary…
FAR Ltd. recently completed detailed geotechnical studies and assessed significant hydrocarbon resource potential in its Guinea Bissau 3 blocks offshore, Sinapa Block 2 and Esperanca Block s 4 A /5 A in West Africa. (FAR: 21.43% paying interest…
Chinese oil firm CNOOC says it is planning to invest RMB 105 billion (US$17.35 billion) to 120 billion ($19.82 billion) on projects during 2014. Nexen Inc, bought by CNOOC in early 2013, will account for about 19% of the spending. Overall…
Able UK has been awarded a contract for the disposal of four offshore structures from the Shell operated Brent field in the North Sea. The contract will see three platform topsides, as well as a 138m-high steel platform jacket, transported from the Brent field…
GE Oil & Gas opens Brazilian logistics base With an area of 590,000sq. ft and investments that exceed US$100 million, GE’s base in Niteroi in the state of Rio de Janeiro was designed primarily to load and unload installer ships. These vessels carry heavy equipment…
SeaBird Exploration Plc, in partnership with Acorn Geophysical Ltd., plans to commence an additional 3D seismic acquisition project in the Gulf of Guinea. The survey is an extension of the 3D project previously announced on 15 January 2014 for 1500sq km with US$4…
Results of the first well drilled in the Atlanta post-salt oil field off Brazil were better than operator Queiroz Galvão Exploração e Produção (QGEP) and its partners anticipated, according to an announcement the Brazilian company made Wednesday…
Noble Energy, Inc. announced the signing of a non-binding memorandum of understanding (MOU) regarding the sale of interest in the Leviathan licenses, offshore Israel, to Woodside Petroleum. Each of the existing Leviathan partners, Noble Energy…
Bibby Offshore picked up the company of the year award in Subsea UK's ninth annual business awards, held in Aberdeen. The event, attended by more than 800 people form the subsea sector, was held on the evening of the first day of the Subsea Expo conference and exhibition…
Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…
BPZ Energy announced positive year-end results from Block Z1, off Peru. The company said that it boosted Block Z1's current gross production levels in excess of 4,900 bo/d, and that several more development wells are planned to be drilled in the area…
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