Cairn India Ltd. today announced that its board of directors approved a proposal for the buyback of equity shares of the company from its existing shareholders. The buyback would be done from the open market through the stock exchanges…
Conductor Installation Services Ltd (CIS), an Acteon company, launched a new service line: Subsea Piling services, which coincides with CIS’s new Subsea Piling system, a remotely operated system that the company developed to drive piles as large as 36in diameter…
Turner Designs Hydrocarbon Instruments launched the 4100 E09 electronics package for its existing TD-4100XD and TD-4100XDC oil in water monitors. Turner Designs added on-board control and monitoring of two sample streams, including individual calibrations for each stream…
R. STAHL introduces a new signaling solution that withstands extreme environmental conditions, e.g. a wide operating temperature range of 55°C (133° F) to more than 70°C (158°F). The light source is a xenon tube providing a high light output…
Dialight unveiled the SafeSite LED Linear Fixture - Class 1. It is an efficient solution for Class I, Div. 2 certified hazardous applications. The fixture is intended to replace traditional fluorescent and HID lighting fixtures. It is also…
PTTEP and Pertamina signed a 50:50 joint venture to buy Hess' assets off Indonesia for US $1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…
Renowned energy expert Prof. Michael J. Economides suffered a fatal heart attack this past weekend on an international flight from Madrid to Chile. He was 64. Economides was a professor at the University of Houston’s Cullen College of…
Dutch walk-to-work technology company Ampelmann has acquired fellow Netherland’s based firm Offshore Solutions. Delft-based Ampelmann provides systems to safely transfer people and cargo from ships to offshore oil rigs or wind turbines…
60th Annual Census: North American rig fleet gains while activity level drops. In the U.S. and Canada, additions to fleets increased availability, while activity decreased. The global offshore mobile fleet posted another modest gain, with 42 newbuilds entering service in the last year…
International tidal technology and project developer Atlantis Resources Limited bought MeyGen, Europe’s largest tidal power project. Atlantis already held 10% of the company developing the project, MeyGen Limited. It has now bought…
Natural gas from future multi-train LNG developments in Tanzania could now be destined for Asian markets. Singapore-based investor Pavilion Energy is to take a 20% in the joint venture partnership looking to develop natural gas finds in Blocks 1…
Produced Water Absorbents, Inc. (PWA) and its subsidiaries have completed a US$9.2 million acquisition of the operating assets of oil and gas technology company ProSep Inc. and are launching a combined portfolio of patented solutions to treat oil…
T.D. Williamson Offshore Services (TDW) introduced the Clamp Installation Tool (CIT), a lightweight, remote-controlled system that installs any proprietary clamps or fittings on subsea pipelines in need of repair or to prepare for tie-ins to new pipelines…
Established by a team of scientists in 1977, City Technology has grown into a global business, with 50 million people worldwide using its gas detection sensors. With a range of more than 300 products detecting 28 different gases, City Technology…
Allseas Group is to build a second single-lift platform installation and decommissioning vessel that will exceed the lifting capacity of its Pieter Schelte unit by 50%. The new vessel will be able to remove all platform topsides in the North Sea…
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