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, …
KCA Deutag: Wins $1bn All Option Contract from BP in Azerbaijan
Leading global drilling and engineering contractor, KCA Deutag, today announces that it has been awarded two contracts with BP Exploration (Caspian Sea) Limited (“BP”). These contracts have a combined value of approximately $360m for the initial contract or $1bn including all options. The first contract has been awarded to our …
Arctech: Lays Keel for Sovcomflot’s New Icebreaking Offshore Vessel
Building the hull of the icebreaking multipurpose supply vessel for Sovcomflot, Russia’s largest shipping company, started today at the Arctech Helsinki shipyard with a festive keel laying. The vessel is the first of four icebreaking sister ships Sovcomflot has ordered. The vessel’s first block, which was placed in the building …
BAUER Group Seals Joint Venture in Oil and Gas Drilling Business With Schlumberger
BAUER Maschinen GmbH, an affiliated company of BAUER AG, finalized negotiations for a joint venture with Schlumberger, the world’s leading supplier of technology, integrated project management and information solutions for customers in the oil and gas industry. It was agreed that Schlumberger would contribute 49 % through a cash capital …
Dolphin Geophysical Ltd: Business as Usual Despite Norwegian Entities Filing for Bankruptcy
The UK processing and multi-client operations of Dolphin Geophysical Ltd continue to operate as normal, despite the Norwegian entities of Dolphin Group ASA together with its subsidiary Dolphin Geophysical AS having filed for bankruptcy on Monday 14 December. The UK entity Dolphin Geophysical Ltd is not a part of the …