SBM Offshore has agreed to the sale and transfer of GustoMSC to private equity group Parcom Capital for a consideration of approximately $185 million, to be paid in cash at closing. The sale is a first step in the divestment of some $400 million worth of non-core assets announced this summer…
OneSubsea the new 60:40 joint venture announced last month by Cameron and Schlumberger, will manufacture and develop products, systems and services for the subsea oil & gas industry and offer ‘a step change in reservoir recovery’ through integration…
Aker Solutions acquired a fabrication facility in Sandnessjøen, Norway, from Ruukki Construction Norge, to bolster its fabrication capacity for subsea and surface developments.
Baker Hughes has a new tubing retrievable, subsurface safety valve for ultra deep-set, deepwater and HPHT applications. The REACH subsurface safety valves can be set as deep as 20,000ft and ensure fail-safe-closed operation using reliable, field-proven…
Cambridge Consultants unveiled work that it believes will give a much-needed boost to offshore oil leak detection. It has built an oil spill detection technology platform capable of detecting the natural fluorescence of tiny amounts of oil in or on water…
Aquaterra Energy has secured a contract to design and install 260 centralisers for BP's latest development on the West Chirag platform in the Azeri-Chirag-Guneshli (ACG) oil fields in the Caspian Sea. The contract covers pre-engineering…
Daewoo Shipbuilding & Marine Engineering (DSME) tapped Wärtsilä Moss to supply inert gas generator (IGG) units for the FPSO destined for the Inpex-operated Ichthys LNG project in the Browse Basin offshore western Australia.Wärtsilä Moss'…
Sonardyne International will supply 6G subsea acoustic positioning technology for Petrobras' Guará-Lula Nordeste pre-salt developments offshore Brazil. Seatronics placed the order with Sonardyne. Seatronics is hiring the equipment to Subsea 7…
Radius Oceanic Communications and the Cyprus Telecommunications Authority (Cyta) announced the launch of the Poseidon project, a high capacity undersea cable system intended to provide advanced telecommunications facilities to the offshore oil & gas industry in the Eastern Mediterranean region…
NOVCFO Williams to head National Oilwell Varco National Oilwell Varco, Inc. (NYSE: NOV) announced today that Clay Williams has been named President and Chief Operating Officer of National Oilwell Varco.Mr. Williams has served as the Company’s…
Photo: GazpromIcebreakers transfer LNG from Norway to JapanLNG Carrier ‘Ob River’ chartered by the Gazprom Marketing & Trading (GM&T) group, a wholly-owned subsidiary of OAO Gazprom, and operated by Dynagas (Greece), has successfully completed…
Ensco 8503Cobalt says deepwater oil find is significant Cobalt's deepwater Gulf of Mexico prospect North Platte has encountered significant oil pay, the company announced on 5 December 2012.Cobalt characterized the discovery as containing…
Wood Group won a £17 million management contract to fabricate, install, commission, operate and maintain two weather monitoring stations in one of the UK's largest offshore wind farm developments off the Norfolk and Suffolk coast. The Wood Group…
Ukrainian officials with Jordi Sarda BonvehiUkraine signs fake deal on state television Oilprice.com - Certainly the folks at Gazprom are having a good snicker, reveling in the mockery that has been made of what should have been a landmark…
InterMoorInterMoor opens Loyang mooring equipment yard InterMoor, an Acteon company, has opened its new mooring equipment yard at Loyang offshore supply base in Singapore. The new facility provides mooring equipment storage and an ideal support location for maintenance…