OSD develops new series of multipurpose tractor tugsFeb 11, 2016Netherlands-based OSD (Offshore Ship Designers) has designed a new series of high-performance tractor tugs which can be used for a wide range of functions, including escort operations,
Bhagwan Marine acquires Delta SubseaFeb 11, 2016Australian marine services provider, Bhagwan Marine, has acquired Perth-based company Delta Subsea. Delta Subsea is recognised as a subsea engineering consultancy dedicated to
Golar LNG sells Golar Tundra to Golar LNG Partners LPFeb 11, 2016Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit, to Golar LNG Partners LP for a sale price of $330.0 million.
Williams Partners to serve two gulf coast LNG export facilitiesFeb 11, 2016Williams Partners L.P. has executed long-term contracts with two shippers for Gulf Connector, a 475,000 dekatherm per day expansion of the Transco pipeline system to connect U.S. natural gas
Black Mountain Oil and Gas makes partnership with Natural Gas PartnersFeb 11, 2016Black Mountain Oil & Gas, LLC has closed a $150 million equity commitment from Natural Gas Partners through NGP Natural Resources XI, L.P., the most recent NGP private equity
Helix Energy makes amendment to credit facilityFeb 11, 2016Helix Energy Solutions Group, Inc. has amended its credit agreement to provide the Company with increased financial flexibility through the third quarter of 2017. The Amendment includes the following items:
ProSep technology selected for Statoil’s Gudrun platformFeb 11, 2016Houston-headquartered ProSep has been awarded a new contract by Statoil. The agreement, which commences in February 2016, will see the company supply its proprietary ProSalt mixer technology
Shell sells its stake in UK North Sea Maclure oil and gas field to Nobel UpstreamFeb 11, 2016Nobel Upstream, the independent UK-based exploration and production company, has signed a sale and purchase agreement to acquire a 7.59 per cent non-operated interest in the Maclure oil
MAN Diesel & Turbo MGT gas turbines consolidate market positionFeb 11, 2016Following a successful market launch, the MGT series of gas turbines is now completing its project references. In the Rehden compressor station operated by GASCADE Gastransport GmbH,
UK Subsea firms to explore opportunities down underFeb 11, 2016The UK subsea sector will have the opportunity to further bolster its international profile next month at the largest oil and gas exhibition in Australasia.
Bellatrix Exploration declares director resignationFeb 11, 2016Bellatrix Exploration Ltd. says that Daniel Lewis has resigned from the Board of Directors of the Company effective immediately. Mr. Lewis has resigned from the Board of Directors of the Company
Harkand completes successful campaign in Trinidad and Tobago for BPTTFeb 11, 2016HARKAND has completed an inspection, repair and maintenance (IRM) campaign for BP Trinidad and Tobago (BPTT) utilising the Harkand Da Vinci diving support vessel (DSV) and the company’s
Buru Energy plans flow test at Ungani Far West 1 wellFeb 11, 2016Buru Energy Ltd. says that since the last progress report on Feb. 8, 2.875 inch (73 millimeter) production tubing has been run and cemented to a total depth of 7,874 feet (2,400 meters) and the
Magseis awarded contract for major project in Saudi ArabiaFeb 11, 2016Magseis has, together with its partner BGP, been awarded Saudi Aramco's S78 project for large-scale ocean bottom seismic acquisition in the Red Sea.
Seanamic expands global umbilical businessFeb 11, 2016Seanamic Group is expanding its global umbilical business with a new Umbilical International facility in Glasgow. Initially it will offer umbilical repair and refurbishment for operators and contractors,
Protea launches wind farm service craneFeb 11, 2016Drawing on over 30 years experience of supplying high quality cranes for offshore applications, Protea has recently unveiled an all new service crane targeted at the offshore wind industry.
Sparrows Group moves into Trinidad and Tobago with Miguel Mechanical ServicesFeb 11, 2016Sparrows Group has grown its Americas footprint into Trinidad and Tobago following an agreement to work in cooperation with Miguel Mechanical Services Ltd.
AGR named as CCS technical advisor to state-owned GassnovaFeb 11, 2016AGR has finalised a Frame Agreement to act as technical advisors to Norwegian state-owned Gassnova, as the country progresses with its Carbon Capture and Storage (CCS) development.
Cooper Energy to sell Indonesian exploration assets to Mandala EnergyFeb 11, 2016Cooper Energy has signed agreements for the sale of its Indonesian exploration assets to Mandala Energy Limited, a South East Asia focused oil and gas exploration and production company,
LCK makes changes in management structureFeb 11, 2016The Board of Leigh Creek Energy (LCK) say that the executive management team has been restructured to better meet the needs of the Company over the next twelve months.
Aker Solutions to deliver concept study on future Johan Sverdrup phasesFeb 11, 2016Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades. The study includes design solutions for a tie-in of the platform and future satellites to the field center that is being developed in the project's first phase. The work will be carried out by Aker Solutions in Oslo and Stavanger and will be delivered in the summer.
Permasense increases global reach with Asia-Pacific baseFeb 10, 2016Permasense has opened a base in Kuala Lumpur, Malaysia to serve the Asia-Pacific region. Say-Heng Ng has been appointed as President of Permasense Asia-Pacific to lead the operation.
Polarcus says non-cash impairment charges impacting Q4 2015Feb 10, 2016Reference is made to the stock exchange release issued on 6 January 2016 in which Polarcus Limited announced a restructuring plan with support from key stakeholders.
IEA releases Oil Market Report for FebruaryFeb 10, 2016Having peaked, at a five-year high of 1.6 million barrels per day (mb/d) in 2015, global oil demand growth is forecast to ease back considerably in 2016, to 1.2 mb/d, pulled down by notable slowdowns in Europe,
