Aberdeenshire-based Tritech International has relocated its design and production operations to a new site within the Cumbrian town of Ulverston. The company has been operating in Ulverston since 1986 and in July 2013 began ground works on a new purpose-built building…
Zamakona Yards has signed an initial two-year agreement with Finnish multinational GS-Hydro. The contract has an initial duration of two years. The agreement was signed 5 December in Zamakona Yards' Las Palmas Port offices by Borja Garaygordobil…
After one of the biggest merger deals of the year, Halliburton is moving forward with the announcement of its new board of directors, beginning with the appointment of Mark McCollum as executive vice president and chief integration officer…
2H Offshore invested in improved office facilities in Kuala Lumpur, Malaysia and Perth, Australia, to support ongoing growth in the Asia Pacific region. “The subsea oil and gas industry in Asia Pacific continues to grow rapidly,' says Hugh Howells…
Electromagnetic Geoservices ASA (EMGS) entered into a data licensing agreement with Statoil ASA worth US$10 million for the provision of 3D EM data from EMGS' multi-client data library in Norway. After adjustment for partner's share of the revenues…
Statoil, on behalf of Wintershall, signed a contract with Nexans for the supply of direct electrical heating (DEH) technology. The DEH riser will connect the Kristin and Maria fields in the Norwegian Sea with the Kristin platform, ensuring the constant flow through pipelines…
Hess Corp. awarded Proserve a contract worth in excess of US$20 million for the provision of a 12-well subsea control system along with associated topside and subsea interface equipment for the deepwater Stampede development, in the Gulf of Mexico (GoM)…
Weatherford International plc signed a definitive agreement with an affiliate of the Lubrizol Corp. for the sale of the Weatherford’s engineered chemistry and integrity drilling fluids business. The businesses will be sold for US$750 million in cash…
Benchmark Brent crude plunged to a four-year low, below US$73 a barrel, yesterday (27 November) after oil cartel OPEC chose to leave its 30MMbbl/d output target unchanged at its latest meeting in Vienna. The move, led by Saudi Arabia…
Newly formed Circle Group has acquired Stavanger WellPartner, an equipment and services company servicing the Norwegian subsea, completion and intervention markets. The deal is Circle Group’s first acquisition and the foundation for the Well Service division…
Offshore systems supplier MacArtney UK has announced the acquisition of Ellon-based Callidus Subsea. The acquisition supports MacArtney UK’s targets to become a market leader in the design and production of cable assemblies and moldings…
The director general of Norway's Petroleum Safety Authority (PSA) has said the industry's attitude to the impact of costing cutting measures on safety is 'far too passive' and warned that she expects the industry to deal with its economic challenges without affecting safety…
Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the Russian coast in the Pechora Sea. Gazprom Neft said in a statement…
Saipem, through its subsidiary ERSAI Caspian Contractor, has been awarded a major new engineering and construction contract in the Caspian region worth US$1 billion. The contract scope includes yard engineering, fabrication and precommissioning activities…
Solstad Offshore ASA’s (SOFF) derrick lay barge Norce Endeavor will be operating for Chevron Thailand E&P Ltd.’s 2015 offshore campaign, off Thailand. Upon the terms of the contract, the Norce Endeavour will install multiple new wellhead platforms…
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