Luxembourg-based investment firm JACCAR Holdings has made a takeover bid for French offshore vessel owner Bourbon. JACCAR, the private, maritime sector-focused, investment company of Jacques de Chateauvieux, Bourbon’s chairman, already directly owns 26…
GE formally opened its newly expanded oil and gas facility in Fót, Hungary. The GE Oil & Gas manufacturing plant has been substantially enlarged with the addition of a new 8000sq m manufacturing facility and a new office building of 3000sq m…
BP announced that it has entered into an administrative agreement with the United States Environmental Protection Agency (EPA), on behalf of the federal government, resolving all matters related to the suspension, debarment and statutory…
Germany-based crude oil and natural gas producer is planning to divest its shareholding in the Eastern German company Verbundnetz Gas AG (VNG) as part of its strategy to concentrate on the upstream sector. A 24 March agreement will see EWE Aktiengesellschaft take over Wintershall’s 15…
An inquiry into the 2009 North Sea helicopter crash, in which 16 men lost their lives, found that had three failures by aircraft operator Bond Offshore Helicopters not happened, the incident 'might' have been avoided. The Fatal Accident…
American Electric Technologies, Inc. announced that it has relocated its corporate headquarters to 1250 Wood Branch Park Drive, Suite 600, Houston, TX, 77079. AETI recently reported record 4th quarter revenues and more than 20% revenue growth for 2013…
Hoover Container Solutions acquired Container Company Ltd.,supplier of cargo carrying units (CCUs) for the offshore oil and gas industry. Headquartered in Aberdeen, Scotland, Container Company designs, supplies and services a full range…
Chevron’s leadership set out the oil major’s plans out to 2020 this week, including eying exploration opportunities offshore Greenland, to maintain its reserves hopper. Chevron is planning 20% production growth, from 2.6MMboe/d in 2013…
Atwood Oceanics, Inc., a global offshore drilling contractor, announced the move of its corporate headquarters to the Energy Crossing II building at 15011 Katy Freeway, Houston, to accommodate the company's recent record growth. The move…
Dutch spoolable thermoplastic composite pipe systems firm Airborne Oil & Gas and Dallas-based Celanese Corporation, a global technology and specialty materials company, have signed a strategic supply agreement for the development and supply of composite materials for deepwater pipe systems…
ExxonMobil Corp. announced at its annual investor meeting in New York on 5 March, that it will reduce its capital spending 6% in a continued effort to focus on profitability and returns on invested capital. Shares fell nearly 3%. Last…
Glacier Energy Services has bought Professional Testing Services (PTS), the provider of non-destructive testing (NDT) and inspection services to the oil and gas and offshore renewable sectors. Headquartered in Aberdeen, Glacier’s…
Bergen Group has decided to accelerate the process of reducing the group's future involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities. As a part of this process, Bergen Group…
Norway-based SeaBird Exploration announced that its Osprey Explorer vessel was awarded a contract in South America with a major oil company. The US $9million contract is expected to last about75 days and will commence in March. The…
McDermott International, Inc. announced that one of its subsidiaries was awarded a contract to provide the electrical power supply system for Saudi Aramco in the Abu Ali and Khursaniyah fields in the Arabian Gulf. This contract is included in McDermott’s 4Q 2013 backlog…