Service Companies & Manufactures

World’s first drilling rig to operate a low-emission hybrid power plant using Siemens’ lithium-ion energy storage solution Integration of BlueVault™ will reduce fuel consumption by 12 percent and CO­2 emissions by 15 percent The long-term sustainability of the offshore oil and gas sector is predicated on reducing costs and minimizing …

Akastor ASA, through its wholly owned subsidiary Akastor AS, has today entered into agreements with Silverfleet Capital, DNB Bank ASA and Nordea Bank Abp, filial i Norge (together the AGR stakeholders) to combine AGR Bidco AS (AGR) with First Geo AS (the Transaction). The Transaction will be carried out primarily …

CGG announced today that its contract with OMV to operate a dedicated center at its head office in Vienna has been renewed. The contract will run for a further three years. During this period OMV will continue to benefit from onsite access to CGG’s subsurface imaging and reservoir characterization expertise …

Decarbonization could drive an estimated 100,000-fold rise in demand for hydrogen for energy by 2050, according to new DNV GL research paper The paper lays out a viable business concept for producing low-carbon transportable hydrogen offshore from natural gas Australia, Canada, the Netherlands, the UK and the US are most …

Forum Energy Technologies, Inc. announced today that C.Christopher Gaut has been named Chief Executive Officer of the Company by the Board of Directors to replace Prady Iyyanki. Mr. Gaut will continue to serve as Chairman of the Board. Cris Gaut commented, “Forum is a strong company with tremendous talent and significant upside …

Transocean Ltd. (NYSE: RIG) announced today that its shareholders approved the acquisition of Ocean Rig UDW Inc. (“Ocean Rig”), by approving the proposals presented at Transocean’s Extraordinary General Meeting. “We are extremely pleased that our shareholders have overwhelmingly approved our acquisition of Ocean Rig,” said Jeremy Thigpen, President and CEO. “Through this combination, Transocean further enhances …

Siemens and Aker Solutions have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations and services. The collaboration focuses on the creation of software applications and joint service offerings including the development of industrial digital twins that will drive efficiency throughout the entire plant lifecycle. In …

Global integrated subsea services business, Kreuz Subsea, has announced the appointment of Knut Eriksen as the board’s first independent non-executive director. Mr Eriksen, who took up the advisory position on Friday, 1st December 2018, will support the business on a strategic level and help to identify future growth opportunities. He …

 Weatherford International plc today announced it has completed the sale of its Precision Drilling Services Saudi Arabia land drilling operations, including 11 drilling rigs, 923 employees and associated customer contracts to ADES International Holding Ltd. for $92.5 million in cash. In July 2018, a subsidiary of Weatherford signed definitive agreements …

Subsea Connect improves the economics of offshore projects and has the potential to unlock an additional 16 billion barrels of oil reserves globally Aptara™ TOTEX-lite subsea system incorporates lightweight, modular technologies designed for life of field and re-engineered to cut the total cost of ownership in half BHGE’s Subsea Production …