Halliburton and Baker Hughes: Response to EU’s Phase II Review of the Acquisition
Halliburton Company and Baker Hughes Incorporated today noted the decision by the European Commission to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission’s review process, and the views expressed by the Commission at this stage are preliminary …
Serimax and Technip Enter into Pipeline Welding Strategic Partnership
Serimax, a Vallourec subsidiary, a world leader in offshore & onshore welding solutions, and Technip, a world leader in project management, engineering and construction for the energy industry, signed today an agreement in principle in order to achieve a strategic partnership in the domain of pipeline welding. In this respect, …
CGG: Launches New Website
We are excited to announce the new CGG website. The site now focuses on the landscape our clients work in and the challenges they face. Visit CGG.com often. Use it as your source for industry articles , technical abstracts and much more. Discover more about GeoSoftware CGG GeoSoftware’s full portfolio …
Fugro: Concludes Sale and Lease Back of Two Vessels with ICON Investments
Fugro has entered into a sale and lease back agreement regarding its geotechnical vessels Fugro Scout and Fugro Voyager. The agreement has been established with ICON Investments for an initial lease term of 5 years. The lease back agreement allows for extension options, at the discretion of ICON, for a …
Lloyd’s Register and Aker Solutions Collaborate Under a New Global Framework Agreement to Drive Efficiency in Engineering and Subsea Oil and Gas
The agreement demonstrates Aker Solutions’ commitment to advance their business performance initiatives in a tough environment of challenging market economics – and to ensure continued innovation in design with high accuracy, consistency, relevance and transparency. With this new global framework agreement in place, Norwegian oil services company Aker Solutions can …
TGS: 2015 Results – Revenues Down 33%, Q4 Down 56%
Based on a preliminary review of sales and investments, TGS provides the following update on Q4 2015: Q4 2015 net operating revenues of approximately 131 MUSD, down 56% from Q4 2014 Expected 2015 full year revenues of approximately 612 MUSD, down 33% from 2014 Q4 2015 operational multi-client investments of …
TMK Completed a Deal with VTB Bank
PAO TMK (“TMK” or “the Company”), one of the world’s leading producers of tubular products for the oil and gas industry, on December 29, 2015, completed a deal with VTB Bank to raise around RUB 10 billion by selling its shares. Part of the shares will be delivered in the …
Boskalis and Kotug Establish European Harbour Towage JV
Royal Boskalis Westminster N.V. (Boskalis) and KOTUG International B.V. (KOTUG) have reached agreement on the merger of their European harbour towage operations. The Memorandum of Understanding signed by the parties in late 2014 has now been formalized following a thorough process. The combined operations will be transferred to a 50/50 …
KCA Deutag Sells Ben Loyal Jack-Up Drilling Unit
Leading global drilling and engineering contractor, KCA Deutag, today announces that it has sold its jack-up drilling unit, the Ben Loyal to Egyptian headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum. Built in 1981 and acquired by KCA Deutag in 2005, the Ben Loyal’s operational performance has been …
Aker Solutions and Saipem: To Form Joint Working Group on Targeted Subsea Projects
Aker Solutions and Saipem agreed to cooperate on targeted subsea oil and gas development projects worldwide. The companies will through a joint work group identify opportunities where they can create value for customers by combining Aker Solutions‘ capabilities in subsea products and technologies with Saipem’s assets and expertise in engineering, …