Fossil Energy
GE’s Subsea Systems executes first major contract
GE Oil & Gas has announced the first major equipment delivery by its Subsea Systems business, for a major operator, under a contract established by its Angolan joint venture, GE-GLS Oil & Gas Angola Limited. A primarily localized workforce assembled the first of 16 subsea production trees, destined
Energy Drilling secures Loan Facility for two tender rigs
Energy Drilling has signed a US$175.5 million Senior Secured Term Loan Facility with a group of four lenders on Monday 7th April 2014. The four lenders are DNB Asia Ltd, ABN Amro Bank N.V, NIBC Bank N.V. and Clifford Capital Pte Ltd. The Facility shall be used as final payment upon delivery by Cosco
KBR names President and CEO
KBR, Inc. has announced that Stuart Bradie has been named President and Chief Executive Officer of KBR, Inc., effective June 2, 2014. Bradie succeeds William “Bill” Utt, who is retiring. It is also intended that Bradie will be appointed as a member of KBR’s Board of Directors when he joins KBR. Brad
Statoil outsources HR
Statoil has decided to outsource certain tasks within the Human Resources function, and awards two new contracts to external suppliers. The number of full time positions in Statoil in Norway that will be affected is 69, in addition to 10 positions internationally. Around 2/3 of affected employees wi
VisSim supplies Ivar Aasen with Oil Spill Detection solutions
VisSim will supply Marine Radar VTMS and Oil Spill Detection solutions to the Ivar Aasen oil field in the North Sea. VisSim AS has signed an agreement to supply Marine Radar VTMS and Oil Spill Detection solutions to the oil production platform operating the Ivar Aasen oil field in the North Sea. Sit
Keppel to manage China’s TQS Shipyard over next 30 years
Singapore’s rig builder Keppel has entered into an agreement to manage one of the largest shipyards in China, the Titan Quanzhou Shipyard. Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly owned subsidiary, FELS Offshore Pte Ltd, has signed a management services agreement with Titan Petr
Wireline Engineering bolsters workforce
Wireline and well intervention technology specialist Wireline Engineering has announced the addition of three key appointments to develop and strengthen its global management team. The company has bolstered its workforce with the addition of Douglas Gordon as division sales manager for Asia Pacific,
Shell strengthens ties with China’s CNPC
CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden yesterday signed Cooperation Documents between Shell and CNPC in Beijing, China. According to the documents, the two companies will strengthen long-term worldwide cooperation in unconventional resources, deep water, LNG, and upstream and d
Construction of Nordic Maritime’s new catamaran vessel begins
Incat Crowther has announced that construction has started on a 28m Catamaran Utility Vessel. Under construction at Marine Diesel Services, the vessel will be delivered to Nordic Maritime. With seating for 42 day personnel accommodation for an additional 10 overnight personnel, in addition to the
Maven Capital Partners increases investment in Scottish oil services companies
Maven Capital Partners has invested £7.5million in RMEC Ltd. in the private equity firm’s seventh transaction in nine months, taking its recent investments in oil services companies that are active in the North-east of Scotland to £30 million. Forfar-based RMEC, a mechanical and hydraulic engineerin
Spectrum to acquire seismic data over 4,600 km in Barents Sea
Spectrum announced today that it has started acquisition of the Phase 2 broadband 2D seismic survey in the Barents Sea Fingerdjupet-Hoop area. A minimum of 4,600 km will be acquired using the vessel Lazarev from SMNG. This is a continuation of the 2,226 km Phase 1 survey acquired last year. Rock pro
Samsung to build two drillships for $1.3B
Samsung Heavy Industries has received an order to construct two drillships. The South Korean shipbuilder received the order from an undisclosed customer yesterday, according to a filing to the Korea Exchange. The drillships are expected to be delivered by mid-2017. The value of the contract is estim
Tangiers appoints new management team members
Tangiers Petroleum Limited appointed Michael Evans as Non-executive Chairman and Dr Stephen Staley as Non-executive Director of the Company with immediate effect. Michael Evans, a Chartered Accountant based in Perth, has extensive executive and board level experience with publicly listed companies i
ADNOC orders catamarn ferries for offshore ops in UAE
Austal Limited has been awarded a contract from the Abu Dhabi National Oil Company (ADNOC) to design and construct two 45 metre high speed catamaran ferries. The contract is valued at approximately $30 million. The high speed ferries will be designed and constructed at Austal’s Philippines shipyard.