Wood Group announced the acquisition of Intetech Limited ('Intetech'), a niche provider of software and engineering consultancy services for well integrity and corrosion management to the global oil & gas market. Formed in 1991, Intetech employs around 30 people…
Reamco, Inc. was presented with the President’s “E” Award for Exports by U.S. Acting Secretary of Commerce Rebecca Blank at a ceremony on May 20, 2013, in Washington, D.C. The “E” Awards are the highest recognition any U.S. entity may receive…
Saipem announced that it has already exceeded 50% of its new contract acquisition target for 2013 in the Engineering & Construction (E&C) Business Unit. The total value of new contracts acquired from January 2013 to date in the E&C Business…
Kongsberg has been awarded a significant offshore automation contract with Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned new-build drill ships, with an option for Kongsberg to deliver products and services for six more drill ships…
Iran will invest US$16 billion to develop the offshore South Pars gas complex over the next 10 months, a natural gas company director said. Pars Oil and Gas Co. Managing Director Mohammadreza Zahiri said that most of the funding will come from domestic sources…
Colorado School of Mines and the Universitas Indonesia named top award recipients Schlumberger announced today its contribution of five scholarships to the American Association of Petroleum Geologists’ (AAPG) Outstanding Student Chapter Awards…
The Energy Industries Council (EIC) announced that The Right Honourable the Lord Howell of Guildford has been appointed President of the EIC. Lord Howell is a senior member of the House of Lords, and has held ministerial positions for Energy…
In an important step, Shell has laid the keel for Prelude FLNG, the world’s first floating liquefied natural gas (FLNG) project. When complete, Prelude is expected to be the largest offshore floating facility ever built. The hull will now be assembled in the dry dock…
Hercules Offshore, Inc. announced that it has entered into an agreement for the sale of eleven inland barge rigs, which includes three active rigs, eight cold stacked rigs, and related assets ('Inland Asset Package') for cash proceeds of approximately $45 million…
Chesapeake Energy Corp. announced Robert Douglas “Doug” Lawler – senior vice president of international and deepwater operations for Anadarko Petroleum – to succeed Aubrey McClendon as CEO and member of the board of directors for Chesapeake…
Tenaris announced it will invest $70 million to build a new sucker rods mill with a production capacity of 1,800,000 units per year, in order to reduce lead times and improve service for customers in the growing North American market. It…
Prysmian Group, leader in the energy and telecom cable systems industry, has been awarded a new contract worth more than $100 million for the supply and installation of submarine cables for a section of ExxonMobil’s existing offshore operations in the US…
Aberdeen-based Schoolhill Hydraulic Engineering has signed a collaboration agreement with a North East England fabrication company. The collaboration with Teesside-based Francis Brown Engineering will enable both Schoolhill Hydraulic…
Apache Corp. announced that its Tonto oil field in the United Kingdom sector of the North Sea commenced production on April 24, 2013. Tonto-1, the first producing well, came on stream at an initial rate of 10,346 b/d. Apache holds a 100% working interest in the Tonto Field…
AMEC, the international engineering and project management company, has been selected as a strategic partner by AWE to provide implementation services at Aldermaston in Berkshire. The four-year contract, the value of which has not been announced…