Cameron has agreed to acquire LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global Inc. for approximately $375 million in cash. The boards of Cameron and Joy Global Inc. have unanimously approved the transaction, which is subject to customary closing conditions.
Odfjell Drilling on Monday 29 August 2011 signed a management agreement for the semisubmersible drilling rig “Island Innovator” owned by Marine Accurate Well ASA – Maracc (OTC MARA). The rig will be ready for operations in Norway Q4 2012. Odfjell Drilling CEO Simen Lieungh states: “We are very pleas
Cathelco are supplying hull corrosion protection systems and marine pipework anti-fouling systems for two new Ulstein X-Bow vessels which are being built for Polarcus, the marine geophysical company. The systems will be installed on the newbuilds NB292 and NB293 which are being constructed by Ulstei
DONG Energy advised in a company announcement on 25 July 2011 that the company had made an agreement with Noreco for DONG Energy to acquire Noreco’s interest in the Siri field in the Danish North Sea. As stated in the announcement, Noreco had the right to sell its interest or a part of it to [&helli
The Norwegian Petroleum Directorate has granted GDF SUEZ Norge AS a drilling permit for well 7124/4-1 S, cf. Section 8 of the Resource Management Regulations. Well 7124/4-1 S will be drilled from the Aker Barents drilling facility at position 71°35’16.16” north and 24°5’56.84” east after completing
Cameron has agreed to acquire LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global Inc. (NASDAQ: JOYG) for approximately $375 million in cash. The boards of Cameron and Joy Global Inc. have unanimously approved the transaction, which is subject to customary closi
The company’s offshore operations cover the full range of subsea services such as pre-installation pipe route surveys, SEWOP positioning, site hazard surveys, subsea riser and mattress installations. Survey Manager, Ugo Nwangwu, maintains the Easytrak system with its 900 Series Beacons fits perfectl
Seajacks published report on availability of their jack-up vessels. Seajacks is a leading owner and operator of purpose-built self-propelled jack-up vessels. Seajacks currently owns and operates self-propelled jack-up vessels out of Great Yarmouth in the United Kingdom, ‘Seajacks Leviathan’ and ‘Sea
GSP announces its drilling fleet has been extended up to seven offshore mobile drilling rigs and a modular one. GSP Britannia (ex. Britannia) and GSP Fortuna (ex. G.H. Galloway) entered GSP’s fleet in August. GSP Fortuna is an ABS class three legged independent leg cantilever jack-up rig reaching th
Havila Shipping ASA has entered an agreement to acquire 23% of the shares in Havila PSV DIS, bringing the company’s ownership to 97%. Havila PSV DIS owns the two PSVs Havila Commander and Havila Crusader, which are leased to Havila Shipping on 8-year bareboat leases. Havila Shipping acquired 74% of
Innovative gadgets and widgets which underpin the subsea industry’s cutting-edge technological reputation are to come under the spotlight at… [mappress] Source: SubseaUK, August 31, 2011;
VSG, leader in 3D development toolkits, announced that they have signed a global partnership agreement with Schlumberger, leading provider of oil and gas software solutions.. This collaboration agreement will expand the integration of VSG’s Open Inventor technology across the whole range of Schlumbe
The Norwegian Petroleum Directorate has granted Rocksource ASA a drilling permit for wellbore 6608/11-7 S, cf. Section 8 of the Resource Management Regulations. Well 6608/11-7 S will be drilled from the Borgland Dolphin drilling facility in position 66°14’01.32” north and 8°30’47.34” east after comp
RWE Dea UK’s field developments Breagh and Clipper South are both progressing on schedule. On a visit to Heerema’s fabrication yard in Zwijndrecht (Netherlands) today, RWE Dea CEO Thomas Rappuhn emphasized the high significance of both projects: “The proven reserves play an important role to signifi
