The Nord Stream Pipeline became operational today and was hailed by political and business leaders as making a significant contribution to Europe’s long-term energy security. German Federal Chancellor Angela Merkel, Russian President Dmitry Medvedev, the Prime Ministers of France François Fillon and
Subsea equipment rental specialist Ashtead Technology announces the launch of a new Integrated Technical Services Group as a key part of its strategic growth strategy. The launch of this diversified service offering will include enhanced capabilities for bespoke systems integration, equipment mainte
The International Regulators’ Forum (IRF) is an important arena for the Petroleum Safety Authority Norway (PSA), says director general Magne Ognedal. “And it can be an important tool for petroleum safety worldwide.” His comment follows the PSA’s assessment of the IRF’s offshore safety summit in Stav
Aubin, a leading independent supplier of specialist chemicals to the energy industry, has announced a strategic partnership with an agent in the Middle East who will promote the company’s full range of specialist chemicals and services in the UAE and Oman. The partnership agreement with Leaders Oilf
– Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), a subsea service provider for the oil and gas industry, today announced that the Group has secured its fifth set of contract wins worth approximately US$57.5 million from the Swiber Group. The value of this set of con
The Board of Mediterranean Oil & Gas Plc , the central Mediterranean focused producer, developer and explorer of oil and gas assets, announces that it has entered into a short term secured loan with affiliates of certain of the company’s substantial shareholders, namely affiliated investment funds o
Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, announced the acquisition of FormSys, based in Perth, Australia. This software development company has a proven, twenty-year track record in 3D design, analysis,
Petrobras’ CEO, José Sergio Gabrielli de Azevedo, gave a presentation this Monday (Nov 7) at the Brazilian Chamber of Commerce in Japan (BCCJ), Tokyo, regarding the company’s huge demand for equipment, logistic and infrastructure in its 2011-2015 Business Plan. In his address, Mr. Gabrielli highligh
China Oilfield Services Limited announces the successful completion of a well fracturing test operation at Ningbo 14-3-1 in East China Sea. At 4,950 meters, this operation writes a new record for depth of fracturing operation COSL has ever performed. The quality of this hydraulic fracturing operatio
Yesterday, November 7th, the N-Sea Group BV and Subcom BV have signed a Letter of Intent in relation to the acquisition of Subcom BV by the N-Sea Group BV. Both parties seek to complete this mutually beneficial transaction by the end of this week. As of January 2012 Subcom BV will be integrated into
Lamprell , a leading provider of specialist engineering services to the international offshore and onshore oil & gas and renewables industries, announces that it has received a new contract award from Jindal Pipes (Singapore) Pte Limited (“Jindal”), based in Singapore, for the construction and deliv
Sembcorp Marine’s subsidiary Jurong Shipyard and Seadrill Limited set a key milestone on November 5, 2011 with the double naming of high-specification, ultra-deepwater semi-submersible drilling rigs West Capricorn and West Leo. The double rig naming – a first for Seadrill and Jurong Shipyard – witne
CAMAC Energy Inc. , a U.S.-based energy company engaged in the exploration, development and production of oil and gas in West Africa and China, announced that it has signed a heads of agreement (“HOA”) to acquire one hundred percent of the issued share capital of Avana Petroleum Limited, a private I
Nido Petroleum Philippines Pty Limited (‘Nido’), as Operator of Service Contract 54B (SC 54B), announced the commencement of 2D seismic operations in SC 54B. NDO’s partners in SC 54B are Shell Philippines Exploration B.V. (‘SPEX’) and Yilgarn Petroleum Philippines Pty Ltd (a wholly owned subsidiary
