NGI from Oslo, Norway, and Plaxis, from Delft, the Netherlands, have established a new joint venture, XG Geotools. XG Geotools will produce and market cloud-based software tools tailored for design tasks in offshore geotechnical engineering…
Pemex has contracted with Houston-based Diamond Offshore Drilling Inc. for an additional semisubmersible drilling rig, according to DODI's fleet status report issued yesterday. The Ocean Ambassador semisub, built in 1975, is rated to work in 1100ft water depth…
PTT Exploration and Production Public Company Ltd. (PTTEP) will acquire 100% equity stakes of Hess Corp in Thailand for US$1 billion. The details of the transaction are as follows: Own 15% interest in block B12/27 (mainly in Pailin…
UK-based subsea services firm Reef Subsea is to split up into three independent companies after its January buyout by Norwegian private equity outfit Hitecvision. The three new companies will be Reef Subsea, X-Subsea, and Technocean Subsea…
Lafeyette-based Gauthiers’, supplier of oil and gas industry containers and support equipment, has opened the doors to its newly relocated and expanded Houma facility on 11 April 2014. By moving to a larger, six-acre property and constructing a new facility on Highway 182…
Pennsylvania-based TE Connectivity has signed an agreement to acquire SEACON group, provider of underwater connector technology and systems, for US$490million in cash. The SEACON group serves the military marine and sub-sea sectors for remotely operated vehicles (ROV)…
The firm invested US$ 39 million in the construction of its research and development center in Brazil, located in UFRJ's Technological Park. The entire investment plan underway in Brazil reaches US$370 million. 'The US$ 39 million investment…
Wood Group has acquired Cape Software, a Texas provider of simulation software and services for operator training and logic validation for SCADA and DCS industrial control systems used by the oil and gas and other process-based industries…
Wärtsilä inaugurated its new electrical & automation test center in Stord, Norway on 9 April. The new facility is one of the largest test centers in Europe dedicated specifically to electrical and automation systems for marine and offshore applications…
National Hyperbaric Centre opened a new facility in Singapore. The new center will meet increasing demand for training and consultancy services in the area. NHC also announced the launch of a new ROV System Auditing & Assurance course…
A US Subcommittee on Energy and Power approved new legislation aimed at speeding up the approvals process for US liquefied natural gas (LNG) export applications, the committee announced on 9 April 2014. Bill H.R. 6, also called the Domestic Prosperity and Global Freedom Act…
Representatives from China National Petroleum Corp. and Shell met on 8 April 2014 to sign global cooperation agreements. CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden in Beijing where the pair signed agreements covering both company's unconventional resources…
UK based engineering group Houlder, has launched a new venture to support clients headquartered in the US. This follows an increasing number of successful global projects for oil majors, operators and service providers. Houlder Americas Inc…
Sevan Marine has agreed to sell a 49% stake in Norwegian firm KANFA AS to Technip Norge for an undisclosed amount. The deal will leave Sevan Marine with 51% ownership in KANFA AS, with Technip owning the remaining 49%. KANFA is an…
Petronas has awarded a small field risk service contract (SFRSC) to EQ Petroleum Developments Malaysia Sdn Bhd (EnQuest) and Uzma Energy Venture (Sarawak) Sdn Bhd (Uzma) for the development and production of the Tanjong Baram field, located about 6km offshore Sarawak…
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