French engineering firm Technip has dropped its big to make an offer for fellow French seismic acquisition and services firm CGG. Technip's shares rose 6% on the announcement, while CGG's dropped 30%. Technip, which first approached CGG over a possible offer on 10 November…
Singapore-based offshore construction and support services firm Swiber Holdings has made its first foray into the offshore oil and gas market in West Africa. The firm has secured an award from a Houston-based oil and gas company to provide engineering…
DONG Energy has appointed a new Group Executive VP and CEO for its exploration and production division to replace Søren Gath Hansen, who is stepping down from the role. David B. Cook, Hansen's replacement, is a 52-year-old American who…
Aker Solutions is to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield development in the UK North Sea under a contract Daewoo Shipbuilding and Marine Engineering worth more than GBP120 million…
Less than one year into his tenure as the President and CEO of KBR, Stuart Bradie will spend up to US$1 billion to streamline and reorganize the energy engineering and construction giant following the results of a strategic review he initiated in June…
SeaBird Exploration has received a memorandum of agreement (MOA) from an unnamed company to acquire up to 45,000km of 2D seismic data in North and South America. Under the terms of the MOA, the company will charter one seismic vessel from SeaBird over a period of approximately 12 months…
Blue Ocean Technologies Interchangeable Riserless Intervention System (IRIS) recently intervened on a deepwater production well in the Gulf of Mexico’s Desoto Canyon reaching a record-breaking 8200ft. Image from Blue Ocean…
The modules for the first compressor train to be installed in the Åsgard subsea gas compression system - the world's first subsea compression system - are ready to be transported from Egersund in Stavanger, Norway, to Kristiansund, pending installation at the field next year…
Oilfield services group ASCO's CEO and chairman are leaving the business, the company revealed today by announcing it had appointed Alan Brown as its new CEO. The firm has appointed former business services firm Rentokil Initial CEO Alan Brown as its new CEO…
The Norwegian Oil Industry Association's CEO Gro Brækken is to quite before summer 2015 over differences in opinion over how the organization is run. Brækken, who has been CEO of the association since 2009, said he believes in the future of oil and gas industry in Norway…
Mexico has opened bidding for oil exploration rights in 14 areas of the Gulf of Mexico to domestic and international companies after upstream oil regulator, Comision Nacional de Hidrobarburos (CNH), this week approved rules for the first part of Bid Round 1…
Swedish heat transfer, centrifugal separation and fluid handling firm Alfa Laval has won an order to supply compact heat exchangers for two FPSOs to be moored offshore Angola. The order is worth about SEK 50 million (US$6.6 million) and delivery is scheduled for 2015…
Italian giant Eni released a statement regarding its stake in Saipem saying it’s no longer in line with Eni’s strategy. Eni says that its new organizational structure introduced last July involved a greater focus on the oil & gas business…
Bibby Subsea will take delivery of its multi-functional subsea construction support vessel (CSV), the Olympic Ares, this month. The Olympic Ares. From Bibby Offshore. The 115m CSV…
Nexans' power umbilicals that integrate HV power supply and umbilical functions within a single cable cross-section were installed for the Chevron-operated Jack/St. Malo gas fields in the Gulf of Mexico. From Nexans…