Australian contractor Clough is selling its offshore marine construction business to Malaysia's SapuraCrest Petroleum in a cash deal worth roughly $129 million. The sale includes the Java Constructor derrick lay barge, Clough's interest in the Clough Helix JV and its investments in the OFI and Peritus engineering companies.
Chevron and NASA's Jet Propulsion Laboratory have formed an alliance to develop technologies to improve the production and recovery of oil and natural gas resources. Initially, the pair will focus on technologies such as power transmission, signal processing and electrical actuation for deepwater applications.
National Oilwell Varco has acquired Singapore-based offshore services company STSA for an undisclosed sum. STSA is a regional leader in the subsea BOP refurbishing and servicing market.
Hunting has agreed to acquire Titan Specialties for a total consideration of $775 million, subject to adjustments, in a deal brokered by Simmons. Based in Pampa, Texas, Titan makes perforating gun systems, shaped charges, well logging instrumentation, perforating gun switches and other engineered hardware for oil and gas wells. The transaction is expected to close in September. Hunting has also added Dearborn Precision Tubular Products, a Maine-based manufacturer of high-precision tubular and rotating metal components, to its well construction portfolio for a total cash consideration of $83.5 million.
Ulstein is tapping into the Dutch maritime clusters again with the establishment of a new company, Ulstein Idea Equipment Solutions, tasked with developing and manufacturing innovative mission and interface equipment onboard vessels working primarily in the offshore and dredging markets. The new company takes over the activities of the former Idea Heavy Equipment. Another Dutch company, Sea of Solutions, joined the Ulstein stable in 2008.
KCA Deutag has bolstered its MODU division with the acquisition of Singapore-based Global Tender Barges, having increased its shareholding from 10% to 100%. GTB owns three self-erect tender barges, the Global Emerald (currently on contract to Brunei Shell Petroleum), Global Jade (recently demobilised from a long term-contract with Total in Indonesia) and Global Sapphire (under contract to Malaysia's Petronas). KCA Deutag, which has operated the barges for GTB under a management services contract since early 2008, expects the deal to contribute approximately $115 million of annual revenues with substantial EBITDA.
New Tech Engineering has changed its name to New Tech Global. The NTG Consulting, NTG Engineering and NTG Oilfield Solutions subsidiaries have been brought under the New Tech Global name.
Dutch heavylift shipping and offshore installation group Jumbo is looking to further strengthen its Brazilian oil & gas market presence with the appointment of Tecnoil Comercio e Representacoes as its local agent.
KBR has officially opened an Angola Operating Center in Luanda as part of its strategic plan to develop its in-country engineering, project management and construction management services offerings. KBR has been operating in Angola since 1968.
Information and analysis firm IHS is buying geoscience software specialists Seismic Micro-Technology in a $500 million cash transaction. The deal will allow IHS to offer ‘mission-critical geoscience software and data products' and give SMT customers ‘the ability to seamlessly access the critical oil & gas information and insight products of IHS.'
Expro is establishing a new operating base in Paradise, Newfoundland, to support the provision of well testing, subsea and DHV services for offshore eastern Canada.
Boskalis and Saudi Arabia's Rezayat Group, who each own a 50% stake in Lamnalco, have agreed to sell Smit's terminal and AHTS transport activities to Lamnalco for approximately $450 million, with Boskalis receiving a net cash sum equaling around 75% of this consideration. Lamnalco will acquire all of Smit's terminal activities, with the exception of Rebras in Brazil and the joint ventures in Egypt and Singapore.
Perth, Western Australiaheadquartered Mobilarm has completed the acquisition of UK-based Marine Rescue Technologies. The sale and purchase agreement covers all MRT assets, including the Sea Marshall range of maritime survivor locating devices.
CHARITABLE CAUSE: The recently appointed UK oil and gas Chaplain, Rev Martin Grashoff (centre right), receiving a donation of £3000 to the Oil Chaplaincy Welfare Trust on behalf of employees of the Sparrows group; the presentation was made by mechanical supervisor Gavin Rose (centre left) accompanied by Sparrows CE O Doug Sedge (left), and HSE Q director John Fraser (right). In addition to this annual £3000 donation, the lifting solutions provider gives its UK employees an added incentive to achieve safety targets by offering an additional £5000 donation to the charity when safety performance objectives are achieved.
FALCON FLIES: The UK Office of Fair Trading has decided not to refer the Subsea 7/Acergy merger to the Competition Commission for further investigation, taking the view that the divestiture of rigid pipelay/heavy lift vessel Acergy Falcon competing in the UK North Sea would will remedy the possible competition concerns identified in the course of the OFT's first-stage review. Subsea 7 expects to complete the sale of the vessel to Grup Servicii Petroliere (GSP) in September. GSP has in turn signed an exclusive five-year deal with Bibby Offshore for the provision of diving and tie-in services in Northwest Europe.
Faces
Andy Sallis (pictured) has been named president of Amec Oil & Gas Americas, responsible for Houston-based project operations, including supervision of joint ventures Amec Black & McDonald in Canada and Paragon Angola in West Africa. Most recently, he served as Amec Paragon SVP for business capture and delivery.
John CS Lau has retired from his post of president and CEO of Husky Asia Pacific. Lau had served as president and CEO of Husky Energy until 2010 when he stepped down to take over the company's Asia Pacific business.
Six new vice presidents have been announced by Schlumberger Business Consulting , the management consultancy arm of Schlumberger. They are Tamas Seregi (Moscow), David Williams (London), Friedrich Portner (Abu Dhabi), David Rabley (Singapore), Alan Trench (Rio de Janeiro) and Min Cao (Beijing).
Stephen Burgdorf (pictured) has joined the Brazil team of subsea project and integrity management specialist Flexlife as VP business development, North America based in Houston. Previously with Construction Technical Services and Germanischer Lloyd, he has nearly 20 years' oil & gas industry experience both in business development and project management roles.
Craig Latch (pictured) has been promoted to Gulf of Mexico deepwater projects coordinator for Devin International. Latch previously served as the company's international projects coordinator.
Ed Cheesman has joined compact acoustic imaging specialist BlueView Technologies as director for global energy sales and business development. He previously served as Ixsea's regional sales manager for Aberdeen and later Houston. Tracy Simpson has been appointed BlueView's VP operations.
Robert Fogal has been appointed director of business development for Zentech. He previously worked with the Jackup Structures Alliance.
Hari Koduru has joined Energistics as senior technical advisor, tasked with providing technical analysis and support to the company's special interest groups. For the past six years, Koduru has managed the maintenance and development of an upstream information management system for drilling.
Kerry Girlinghouse (pictured) has been named VP well control engineering at Wild Well Control. Based in Houston, Girlinghouse previously served as a senior technical advisor within the engineering division.
Mark Nicol (pictured) has joined specialist downhole tool provider Peak Well Systems (the former Peak Well Services) from Weatherford International as global sales director, based in Aberdeen. Gus Brown has also joined the firm from Hunting Energy Services as head of engineering, based in Perth, Western Australia.
Chris McGeehan (pictured) has stepped up from MD of Alderley Systems to CEO of the Alderley group. Prior to joining the group last year, he was COO of the Sovereign Oilfield Services' fabrication division.
Patrick Leach was named CEO and Steve Jacobs was promoted to COO at Houston-based management consulting firm Decision Strategies. Leach, a principal with the firm prior to the appointment, replaces Chris Reinsvold. Jacobs joined the company in 2008 with the acquisition of Resource Marketing International.
Mechanical engineer John Shaw (pictured) has been named global sales and business development manager at subsea mooring specialist First Subsea. Formerly head of Trelleborg Offshore's engineered products group, he will be responsible for developing First Subsea's ball and taper connector business worldwide.
Cristiano Borba (pictured) has joined Danish offshore safety specialist Viking Life-Saving Equipment in Brazil to head up its new branch in the São Paulo Santos seaport. The company has also appointed Mette Line Pedersen as its new sales director in Brazil. Her previous offshore sector experience with Viking includes six years in Singapore and three years in Aberdeen.
Bruce Strachan has joined Coates Offshore in Aberdeen as QHSE manager. Coates also recently appointed Mark Bullmore as engineering services manager.
Cliff Brannan (pictured) has been appointed X Drilling Tools' regional BDM for the UK, Europe and Africa. A member of the Reservoir Group, X Drilling Tools was founded in 2002 in South Australia.
Steve Hardwick heads up the newly opened Houston corporate offices of Swire Oilfield Services as president, North America.
Todd Chuckry (pictured) has been appointed Spectraseis' country manager for Canada following the opening of the company's new Calgary office. Rob Oulton becomes microseismic sales and marketing representative.
George Barry (pictured) is regional manager in the new Singapore office of Petrotechnics, responsible for promoting its Sentinel PRO work execution solution to the Far East oil & gas sector. Zaid AlShaddadi is tasked with the same role in the Middle East, as territory manager at the company's new Saudi Arabia office.
Masud Javaid (pictured), a senior economist in Total E&P UK's strategy and economics team, is the new chairman of the Society of Petroleum Engineers' Aberdeen section, succeeding Chris Nussbaum. Javaid's chairmanship runs to June 2012.
David Field (pictured) has become country manager for Downhole Products in Australia, based at the company's new Perth office. The office opens in October.
Bradley Hirst has joined offshore accommodation specialist Ferguson Modular as Middle East BDM, based in Dubai.
Subscribe
