Search results for: SEP

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  • 25 October 2013

    ProSep Inc. and Produced Water Absorbents, Inc. (“PWA”) announced have entered into an Asset Purchase Agreement (“APA”), pursuant to which PWA will acquire substantially all of the assets of ProSep, including all of the outstanding shares of the Company’s subsidiaries, for an aggregate consideration of $9,200,000 (the “Sale Transaction”). The Sale Transaction is expected to […]

  • 12 October 2011
    Business & Finance, Equipment

    ProSep Inc., dedicated to providing process solutions to the oil and gas industry, today announced it was awarded its first contract for the design and supply of a water injection system. Valued at $2.7 million, this equipment will be installed on a floating production storage and offloading (FPSO) vessel in South East Asia. Delivery is […]

  • 12 January 2012
    Business & Finance

    Scottish Equity Partners (SEP) has raised a new £95 million fund to invest in innovative green energy businesses in a deal involving the acquisition of a portfolio of clean energy assets from SSE Ventures, the investment arm of FTSE 100 utilities company SSE plc. SEP raised the new secondaries fund from four institutional investors, headed […]

  • 28 September 2014
    Business & Finance

    1. Kongsberg Develops New Solution for 3D Subsea Monitoring Kongsberg Maritime has launched a unique solution for the detection of Scouring, Corrosion, Deformation and Marine Growth, which can destabilise wind turbines and underwater structures causing expensive, and potentially environmentally hazardous damage. 2. Technip-MMHE Joint Venture Officially Launched Technip and Malaysia Marine and Heavy Engineering Sdn […]

  • 24 July 2012

    Chart Industries, Inc., a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, announced that it has entered into a definitive agreement to acquire AirSep Corporation for $170 million in cash and up to $10 million in assumed debt. The transaction also includes senior […]

  • 3 May 2013

    Otto Energy Limited  has announced that it has been notified by BHP Billiton Petroleum (Philippines) Corporation (BHPB) (ASX: BHP), the Operator of Service Contract 55 (SC55) licence in the Republic of the Philippines, that it has lodged a formal notice of force majeure with the Philippine Department of Energy.  The declaration of force majeure comes amid delays in receiving the […]

  • 29 October 2014
    Business & Finance

    Houston headquartered provider of oil, gas, and water treatment, ProSep, has appointed a new non-executive Board Director. The company says the appointment was made with an aim to spearhead a five year enterprise growth plan. According to ProSep, Patrick McCarthy brings almost four decades of experience to the post as he joins ProSep from NATCO, […]

  • 3 March 2020

    Singapore-headquartered PaxOcean Group has signed a contract to build a self-elevating platform (SEP) for Japan’s Penta-Ocean Construction. Scheduled for completion in the third quarter of 2022, the SEP is of a GustoMSC design, equipped with four tubular legs and four azimuth thrusters. The vessel will be fitted with a Huisman 1,600-tonne leg encircling crane, a […]

  • 5 July 2011
    Business & Finance, Equipment

    ProSep Inc. dedicated to providing process solutions to the oil and gas industry, today announced it was awarded $1.8 million in new contracts to supply a produced water treatment system for installation on a deepwater Gulf of Mexico facility and crude dehydration equipment for two oil sands facilities located in Alberta, Canada. “The Gulf of […]

  • 19 February 2015
    Equipment

    Houston-headquartered ProSep, the oil, gas and water treatment specialist, has launched an Industry Technology Facilitator (ITF) joint industry project (JIP) with Qatar Petroleum and Petroleum Development Oman. The 12 month project, which started in December 2014, will see ProSep work collaboratively with both parties in the Middle East to develop an offshore capable unit for […]

  • 2 April 2013
    Business & Finance

    ProSep Inc., a company dedicated to providing process solutions to the oil and gas industry, today announced it was awarded a contract for the supply of a produced water treatment system valued at approximately $1.3 million, for installation on a floating production storage and offloading (“FPSO”) vessel that will operate in a deep-water field in […]

  • 31 July 2018
    Business & Finance

    The Texas Draft State Expenditure Plan (SEP), developed pursuant to the Spill Impact Component of the RESTORE Act (commonly referred to as “Bucket 3”), is now available for public comment until August 27, 2018, reports the RESTORE Council. According to the RESTORE Council, the “Bucket 3” provides funding to the five Gulf Coast states (Alabama, […]

  • 24 October 2014
    Business & Finance, Exploration & Production, Project & Tenders

    VAALCO Energy, Inc. has entered into the Subsequent Exploration Phase (“SEP”) on Block 5 offshore Angola. VAALCO has entered the SEP together with its working interest partner, Sonangol P&P, as provided for in the Production Sharing Agreement signed in 2006 with the Republic of Angola, the company explains. The SEP extends the exploration license for […]

  • 13 March 2015
    Business & Finance, Equipment, Exploration & Production

    Two new jack-up barges ordered by the National Petroleum Construction Company (NPCC), based in the United Arab Emirates, will feature fully integrated Wärtsilä power generation and electrical and automation (E&A) solutions. The SEP 650 and SEP 750 vessels are being built at the Shanghai Zhenhua Heavy Industries (ZPMC) shipyard in Chang Xing Island, China. The […]

  • 31 March 2020
    Vessels

    Huisman has signed a contract with PaxOcean Engineering for the delivery of a 1,600mt leg encircling crane for Penta-Ocean Construction’s new self-elevating platform (SEP). The crane, to be built at Huisman’s wholly-owned production facility in Xiamen, China, is expected to enable the SEP for installing 12MW turbines. PaxOcean will build the SEP in Batam, Indonesia, […]

  • 2 December 2011
    Business & Finance, Equipment

    ProSep Inc. , dedicated to providing process solutions to the oil and gas industry, announced it was awarded a $1.4 million contract to supply M-I Swaco, a Schlumberger Company, with a proprietary CTour® produced water treatment system, for installation on an offshore platform operating on the Norwegian Continental Shelf. The Ctour® has been field tested […]

  • 14 February 2011
    Business & Finance, Equipment

      ProSep Inc. dedicated to providing process solutions to the oil and gas industry, announces it was awarded a $5.5 million contract to provide a gas dehydration system to a super major international oil and gas producer operating in the South China Sea. This system will be installed on an offshore field being redeveloped using […]

  • 2 December 2011
    Business & Finance, Equipment

    ProSep Inc., a provider of process solutions to the oil and gas industry, today announced it was awarded a $1.4 million contract to supply M-I Swaco, a Schlumberger Company, with a proprietary CTour® produced water treatment system, for installation on an offshore platform operating on the Norwegian Continental Shelf. The CTour® has been field tested […]

  • 5 November 2012
    Project & Tenders

    ProSep Inc., dedicated to providing process solutions to the oil and gas industry, announced that its majority owned South-Korean joint venture ProSep Kolon Company, was awarded two contracts for the supply of a seawater filtration package and mercury removal unit for a total value of approximately $12 million. The customers are South-Korean engineering firms selected […]

  • 2 April 2014
    Business & Finance

    Following its acquisition by PWA Inc., the new combined entity, ProSep, is re-launching with a new brand identity and vision. The oil, gas and water process separation specialist is also investing over $2 million in new headquarters and laboratories in Houston, Texas. The company is preparing for significant growth and has secured $13.5 million of […]

  • 7 September 2011
    Business & Finance

      Maritime and Port Authority of Singapore has announced details of dredging works in Sembawang Basin.  Dredging works, with effect from 18 Sep 11 to 30 Sep 11, will be carried out by the work barge “Rhea“. The work barge will be held in position by spuds and will have a circular safetyworking zone of 50-metre […]

  • 25 September 2012

    ‘RANKURI’, a 95 feet long Maldivian mechanical boat, with four personnel onboard, reported missing at sea off the Southern coast of Maldives since 17 Sep 12 was rescued by Indian Naval Ship ‘INS Shardul’ on 20 Sep 12. On a request from the Maldivian authorities on 19 Sep 12, the Indian Navy diverted INS Shardul […]