KBC Advanced Technologies plc has purchased FEESA Ltd, a UK-based provider of specialised software and services to the upstream oil and gas industry, for an enterprise value of $17 million (£10 million) plus one million KBC shares, totalling $19.1 million (£11.2 million). The acquisition of FEESA ma
Shareholders of Swissco Holdings Limited, a marine service provider for the offshore oil and gas industry, have approved the acquisition of Scott and English Energy Pte. Ltd. for approximately $230 million (S$285 million). Scott and English Energy is in the business of owning and leasing mobile offs
Statoil resumed oil and gas production on the Njord A platform in the Norwegian Sea on 19 July, after a major reinforcement of the platform structure. Production has been shut down since last summer. Extensive analyses and inspections in 2013 revealed a need to reinforce the Njord A platform structu
With the help of the TSHD Bartolomeu Dias, the Middelkerke beach reclamation project (Belgium) has been completed by Jan De Nul Group. During the project, about 950,000 m³ of sand was reclaimed for the beach. The works started in mid April and ended in mid June. This project is part of the governmen
Gazprom and the operator of the Baltic Sea port of Rostock, Hafen-Entwicklungs-gesellschaft Rostock, have signed a memorandum of understanding on cooperation in the LNG market. The cooperation will focus on the development, marketing, and usage of LNG in road transport and shipping in the German sta
ExxonMobil Exploration and Production Romania Limited, an affiliate of Exxon Mobil Corporation, and OMV Petrom S.A. have announced the start of drilling at the Domino-2 well in the deepwater sector of the Neptun Block offshore Romania in the Black Sea. Data collected during the drilling program will
Tullow Oil plc has announced that Tullow Oil Norge AS, operator of the production licence PL 507, did not encounter hydrocarbons in the Lupus exploration well (31/10-1) which will now be plugged and abandoned. The well is located 35 km south east of the Oseberg Sør Field and 110 km west of the islan
Det norske oljeselskap ASA has announced that the Gohta-2 appraisal well in PL492 is about to be completed. The well confirmed presence of oil and gas and two production tests were undertaken. The test of the gas zone was successful, whereas the test in the oil zone was inconclusive. The appraisal w
Plexus Holdings PLC, the owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, has received an additional purchase order from Centrica Energy Exploration and Production (‘Centrica’) to supply surface wellhead and mudline equipment services for an exploration well in the So
At the North Adriatic Ports Association’s assembly, held on 17th July in Koper, the Presidents of NAPA ports were acquainted with the recent decision of the TEN-T’s (Trans European Transport Network) Financial Board to financially support projects which NAPA members. These projects focus on the deve
Cargotec has decided to reverse earlier plans to separately list its MacGregor business. Cargotec’s Board of Directors expects that shareholder value will be best created by fully focusing on the integration of newly acquired businesses into MacGregor and by delivering profitable growth within the n
Housing Development Corporation Ltd. (HDC) and Dredging International N.V. (Belgium) have signed the framework agreement that will allow Hulhumale Phase II dredging and reclamation works to carry on. The agreement was signed yesterday at a ceremony in Nasandhura Palace Hotel, by HDC Managing Directo
Kongsberg Maritime’s ‘Full Picture’ solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of 330 MNOK. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC), Cosco Shipyard (COSCO) and Hudong Zhonghua Shipyard (HDZ)
Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines. The CSSC Wärtsilä Engine (Shanghai) Co. Ltd factory will be located at Lingang, Shanghai and is expected t
