Downer EDI Ltd. secured a contract on the Chevron-operated Gorgon project, located on Barrow Island off the northwest coast of Western Australia. The US$170 million contract is for an initial term of 12 months, with extension options…
Venezuelan President Nicolas Maduro announced a restructuring of state oil company PDVSA, replacing Rafael Ramirez with Eulogio del Pino. Del Pino, former exploration and production chief, will take the reigns as the new president of the Venezuelan state oil company…
Tullow Oil announced that its subsidiary Tullow Exploration & Production has agreed to sell its operated and non-operated L12/L15 block interests and non-operated Q4 and Q5 block interests to AU Energy, a subsidiary of Mercuria Energy Group…
DNV GL is launching three new joint industry projects (JIPs) to advance the offshore pipeline industry. The three JIPs include free spans in trenches, pipeline repair and design of pipeline components. DNL GL says that with the oil and gas industry’s push into new energy frontiers…
Aker Solutions and Baker Hughes Inc. received necessary regulatory approvals for the Subsea Production Alliance announced in April 2014. The two companies agreed to form the alliance a few months ago develop technology for production solutions designed to boost output…
InterMoor, an Acteon company, opened a major new storage, maintenance and inspection facility in Aberdeen, UK. The new base will support InterMoor’s global mooring operations with a focus on Europe, Africa and Asia. “The new location…
In order to expand its Brazilian business, Polarcus has teamed up with Sinergeo for the management of Polarcus do Brazil in Rio de Janeiro. With the addition of Marcelo Fonseca and Marcos Gallotti to the company’s management team, Polarcus…
Viper Subsea won a multimillion-dollar contract to supply subsea hydraulic and electrical distribution equipment to an unnamed oil field in the Caspian Sea. The contract includes the design and supply of subsea equipment, in addition…
Baker Hughes Inc. completed the acquisition of Weatherford’s pipeline and specialty services business for US$250 million. The total consideration includes $241 million in cash and $9 million in retained working capital. The purchase…
Canada-based, North Sea-focused independent exploration firm Iona Energy has appointed two industry veterens to its ranks and said it plans to go on the acquisition trail as part of growth plans. Former Ithaca Energy CEO Iain McKendrick…
VBMS awarded JDR a contract for the Statoil/Statkraft Dudgeon offshore wind farm. Dudgeon, off the UK’s Norfolk coast will utilize over 95km of JDR’s copper core inter-array cable and a range of cable accessories. The design and manufacture…
Inpex Corp. reached an agreement to transfer a 25% participating interest in the deepwater Block S offshore East Malaysia to Australia-based Santos. Block S is located in the Sabah basin and covers 574sq km with a water depth ranging from 200m to 1500m…
Endeeper and Petrobras entered into a two-year contract for provision of services related to Endeeper's software package for petroleum geology. The contract allows the development of new modules for Petroledge, Hardledge and RockViewer systems in addition to software training…
Seoul, South Korea-headquartered Samsung Heavy Industries will merge with Samsung Engineering Co., Ltd., the companies announced on 1 September 2014. The goal of the merger is to allow the companies a chance to become a global top-tier EPC (engineering…
Aberdeenshire-based Bibby Offshore is adding to its international expansion with the opening of an office in Stavanger, Norway. Bibby Offshore is currently participating in a number of projects in the Norwegian Continental Shelf. The…
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