Hunting has completed the acquisition of Specialty Supply for an initial cash consideration of $31 million. Located in Houston, Specialty manufactures precisionmachined MWD parts used in directional drilling markets worldwide.Lankhorst Mouldings and…
FirmsGreatship Subsea Solutions and Gregg Marine formed an alliance to offer subsea geotechnical site investigation services globally. The venture plans to offer a DP2 geotechnical drillship with a seafloor drill capable of coring and sampling in 3000m water depth…
FirmsTechnip acquired Global Industries in a deal worth $1.07 billion and expected to close early 2012. Technip sees the merger increasing its market reach in the Gulf of Mexico, Asia- Pacific and Middle East regions. Global Industries currently has about 2300 employees and operates 14 vessels…
Petroleum engineering has once again become a popular course of study, perhaps nowhere more than in Louisiana. Russell McCulley looks at what its flagship university is doing to prepare the next generation of oil & gas professionals.In some respects…
Australian contractor Clough is selling its offshore marine construction business to Malaysia's SapuraCrest Petroleum in a cash deal worth roughly $129 million. The sale includes the Java Constructor derrick lay barge, Clough's interest in the…
When it comes to smart, or wise, ways to carry out subsea interventions, Wright's Well Control Services founder David Wright is a man of many ideas. Jennifer Pallanich catches up with him to discuss his company's latest kit and some of its recently completed projects…
National Oilwell Varco is acquiring California-based fiberglass pipe manufacturer Ameron International in a deal valued at approximately $772 million. Subject to Ameron shareholder approval, the transaction could close as early as the fourth quarter…
Rowan Companies is selling all its shares in manufacturing subsidiary LeTourneau Technologies to Joy Global in a $1.1 billion cash deal. Rowan acquired LeTourneau, which built the majority of Rowan's jackup rig fleet, in 1994. Rowan president…
Greene's Energy Group has opened an operational base in Singapore to serve the company's Asia Pacific region. The 140,000ft2 location includes offices, a warehouse and heavy equipment yard space, and will provide a regional base for all of Greene's business divisions…
Technology and concerns about staffing took center stage at last month's SPE/IADC Drilling exhibition & conference in Amsterdam. Jennifer Pallanich listened in as companies discussed how to remain competitive. Hint: it's mostly the people.One…
With several major LNG projects under way locally and rising demand in neighboring Asian countries, Western Australia's premier Colin Barnett is presiding over a pivotal moment in the state's history. He talks to Russell McCulley about the LNG…
Under a memorandum of understanding with Petrobras, Cameron plans to invest $30 million in R&D facilities at two Brazilian locations. The company's Jacarei plant will add testing capabilities, including a hyperbaric chamber, along with a highpressure…
Within a fortnight of closing its $3 billion acquisition of compression, flow technology, measurement and distribution infrastructure provider Dresser, GE last month announced plans to lay out another $2.8 billion to secure the well support division of John Wood Group…
Jose Antonio Meade Kuribreña has been appointed Mexico's energy minister and chairman of the state oil company Pemex. Previously Mexico's deputy finance minister, Meade replaces Georgina Kessel, who had served as energy minister under President Felipe Calderón since 2006…
Schlumberger wrapped up its $11 billion purchase of Smith International at the end of August. Andrew Gould, chairman and CEO of Schlumberger, commented: ‘We are ready to begin the process of realizing the synergies made possible by this merger…
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