Rosneft acquired the remaining 49% of ITERA Oil and Gas Company LLC from Itera Holdings Ltd. for US $2.9 billion. As a result, Rosneft’s share in the company has increased to 100%. Rosneft said the consolidation of ITERA Oil and Gas Company…
Chevron U.S.A. Inc. to construct an office building in downtown Houston to accommodate its business growth and expanding workforce in the world’s energy capital. The 50-story, 1.7 million-square-foot building will be located at 1600 Louisiana Street at Pease…
FMC Technologies, Inc. received an order from Petrobras for the supply of subsea trees for its pre-salt fields, located offshore Brazil. The value of the award is estimated at $500 million and represents the call-off of the remaining value of the $1…
Drillinginfo Inc. acquired Denver-based Transform Software & Services Inc. Details of the transaction were not disclosed, but the transaction will bring immediate growth synergies to Drillinginfo in terms of skills, experience and momentum to the combined companies…
Wood Group acquired Pyeroy Group Limited (Pyeroy), a provider of specialist coatings, access and fabric maintenance services to the oil & gas, marine and rail industries. Headquartered in Gateshead, UK, Pyeroy was founded in 1973 and employs approximately 1…
Aker Solutions won a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to deliver a drilling equipment package for the production platform at the Mariner oilfield in the UK North Sea. The parties agreed not to disclose the value of the order…
NASA directors and staff gathered at Johnson Space Center in Houston to sign a new alliance with risk management firm Deloitte on June 27. The new partnership aims to utilize NASA’s proven practical applications such as risk analysis programs…
Russia's Rosneft and Venezuela's PDVSA struck a deal concerning the implementation of projects offshore Venezuela. The agreement calls for the two companies to conduct joint studies evaluating technical and economic viability of offshore gas and condensate production in Venezuela…
Norway's Kongsberg secured contracts with China's CIMC Yantai Raffles and South Korea's STX Offshore & Shipbuilding for the supply of dynamic positioning (DP), automation, new generation safety system, integrated navigation, hydroacoustic positioning…
Total awarded 2H Offshore, an Acteon company, a contract concerning the TLP top tensioned riser (TTR) systems for the Moho Nord field development off Congo. 2H Offshore will be responsible for the riser delivery management, which includes design finalization…
Sembcorp Marine’s PPL Shipyard has won two orders for turnkey contracts worth a total US$417million from Mexico's Integradora de Servicios Petroleros Oro Negro. The orders are for the construction of two jack-up rigs, scheduled for delivery at end July 2015 and end of third quarter 2015…
Aker Solutions has won a contract worth up to US440 million to deliver the subsea production system for an oil field development in the UK North Sea. The delivery includes 25 subsea trees and six template manifolds as well as associated controls…
Work to start-up production on the Caspian Sea Kashagan development has begun, the North Caspian Operating Company (NCOC) has said. The first phase of the development will see oil and gas produced from eight wells on an artificial island complex in the north Caspian Sea…
Jessica Alm, head of communications at Sandvik Coromant, has been appointed Executive Vice President and Head of Group Communications as well as member of the Group Executive Management of Sandvik AB. She will take up her new position as of 1 July 2013…
Brazil's Petrobras awarded Seadrill Ltd and SapuraKencana Petroleum Berhad's 50:50 joint venture Sapura Navegação Marítima S.A., Brazil (SNM), a contract for the charter and operation of three pipelaying support vessels (PLSV's). The eight-year contract…