John Wood Group said on Tuesday it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management Inc, citing that the offer undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6…
Shares of John Wood Group Plc surged over 30% on Thursday after the company said it received three preliminary buyout proposals from private equity firm Apollo Global Management Inc. The British oilfield services and engineering firm said late…
Marlink, a global provider of satellite and digital communication solutions, is implementing a fleet-wide migration of its smart managed network solution for offshore vessel operator Miclyn Express Offshore (MEO Group) to support its ongoing digitalization program…
South Korea's Hanwha Group has signed an agreement to take over Daewoo Shipbuilding & Marine Engineering, Daewoo Shipbuilding said in a regulatory filing on Friday. The deal comes after the two parties signed a tentative agreement in September in which affiliates of Hanwha Group…
Engineering firm Pryme Group said Wednesday it had launched two specialist tooling systems - Pile Fixation Tool (PFT) and PileProp - for offshore wind installations, via Caley Ocean Systems. The company said the tools were designed to support…
The European Marine Energy Centre (EMEC), located in Orkney, Scotland, has completed the concept design for a new 100 MW floating offshore wind test and demonstration site. The ocean energy test facility operator is seeking to secure a lease for a site ~20 km west of Orkney…
Africa-focused oil and gas company Chariot it has signed a pipeline tie-in agreement that takes it a step forward in unlocking its Anchois gas project offshore Morocco. The agreement was signed with the Office National des Hydrocarbures et des…
Norwegian company Green Energy Group has completed the sale of its Petrel Explorer seismic survey vessel.The company, which last year rebranded to Green Energy Group from Seabird Exploration to reflect a strategic shift in business towards green energy transition…
Africa-focused oil and gas company Chariot on Wednesday announced a 'material increase' in gas resource estimates for its assets offshore Morocco, as it works to reach a final investment decision for the Anchois gas field development.The company…
A new joint venture company formed in the United Arab Emirates will offer offshore surveys and subsea services in the UAE, across the GCC region, as well as in select international markets.The new firm, SAFEEN Surveys and Subsea Services, was…
The UK government has set ambitious climate change targets within the oil and gas industry, with The North Sea Transition deal aiming to reduce emissions by 50% before 2030. In the most recent emissions report published by the North Sea Transition Authority (NSTA)…
MEO Group and its local joint venture partner, Uniwise Offshore Ltd, won a three-year contract for five Anchor Handling Tug Supply vessels (AHTS) by an E&P company in Thailand. The five vessels -- MEO Monarch 1, MEO Monarch 2, Uniwise Advantage…
AD Ports Group today announced that it has acquired Divetech Marine Engineering Services, a UAE-based topside-subsea solutions provider that offers a range of services including installation, inspection, repair, and maintenance for ports and other maritime organizations…
Offshore services firm Global Marine Group has extended the contract for Solstad Offshore's construction support vessel Normand Clipper.The contract extension is for three years more, with the vessel now expected to stay with Global Marine Group until May 2026…
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