IHC Engineering Business (IHC EB), a part of IHC Merwede, will be showcasing a range of their bespoke engineering solutions at the forthcoming SUBSEA 11, on 9-10 February 2011, Aberdeen at stand number B14. The ambitious engineering company designs, builds and supports offshore equipment, including
At a ceremony Ulstein Poland’s new, co-located offices in Gdynia, Ulstein Design & Solutions and DNV Poland signed a Letter of Intent signaling the start of a closer working relationship between the two companies. Both parties will benefit from the sharing of knowledge and practices which will help
Ensco plc and Pride International, Inc. jointly announced today that they have entered into a definitive merger agreement under which Ensco will combine with Pride in a cash and stock transaction valued at $41.60 per share based on Ensco’s closing share price on 4 February 2011. The implied offer pr
The Board of Directors took notice of the information on the energy saving technologies implementation in Gazprom’s business processes. The Company’s Management Committee was tasked to primarily fund energy saving technologies in order to reduce gas production and transmission costs. Background The
Over the last couple of months, a total of more than 1 billion euros projects have been added to the order book. These awards bring the total value of current commitments for Jan De Nul Group to 3.1 billion euros. New work was secured in all corners of the world, from South America and the […
Sakhalin Energy has become the first and the only Russian company who was chosen by the United Nations to join the new platform for Corporate Sustainability Leadership – Global Compact LEAD, launched within the frames of the UN Global Compact. Sakhalin Energy has made a historic commitment to adopt
OAO NOVATEK announced the closing of its debut Eurobond issue in an aggregate amount of US$ 1.25 billion. The Eurobond was approximately eight times oversubscribed and issued at par in two tranches, a five-year US$ 600 million bond with a coupon rate of 5.326% and a ten-year US$ 650 million bond wit
Gazprom resolved to appoint Valery Gulev as Director General of Gazprom EP International B.V. Valery Gulev was born on February 7, 1964 in Belgorod. In 1986 he graduated from Simferopol Higher Military and Political School of the Civil Engineer Corps as a morale officer, and in 2009 – from Gubkin Ru
Transeuro Energy Corp. issues a weekly update on its Ukraine operations. Drilling has reached a depth of 3,332 metres in the C13 reservoir when the first of the anticipated pressure step increase was encountered and the well began to flow. The well has been temporarily shut in to increase the mud we
Rolls-Royce, the global power systems company, has signed a £20 million contract to supply engines and propulsion equipment for four gas-fuelled ferries to be built for the Norwegian operator Torghatten Nord AS. The vessels will be the first in the world to feature the Rolls-Royce Hybrid Shaft Gener
Total has announced the following appointments, effective March 1: * Patrick Pouyanné, Senior Vice President, Strategy, Business Development and R&D in Exploration & Production, is appointed Deputy General Manager of the Chemicals Division and Deputy General Manager Petrochemicals. * Olivier Cleret
Rob Chesters has been appointed as Business Manager for Regulatory Products and Services at Wilhelmsen Ship Service. Chesters will work on the company’s new concept offers in the field of Regulatory Products and Services. The service concepts will be built around customer needs and regulation requir
Aberdeen-based moorings provider Sigma Offshore has received independent endorsement for the centrepiece of its market offering – its innovative Smart Mooring System (SMS). The system has been endorsed by one of the leading classification societies, Det Norsk Veritas (DNV), after a comprehensive ass
Fluxys LNG has launched the binding phase of its market consultation to assess the level of demand for additional capacity at the Zeebrugge LNG terminal. Considering the growing importance of LNG in Europe’s security of supply, this is a highly attractive opportunity for LNG companies to secure long
