Oceaneering International, Inc. announced that it has, through its wholly-owned subsidiary, Grayloc Products Canada, Ltd., acquired all the operating assets of SMX International Canada Inc. (SMX). Located near Toronto, SMX is a manufacturer of metal-to-metal seal clamp connectors, check valves, and
Vantage Drilling Company announced today the closing of the previously announced concurrent offerings by Offshore Group Investment Limited, a wholly owned subsidiary of Vantage (the “Issuer”), of $1.0 billion aggregate principal amount of 11½% Senior Secured First Lien Notes due 2015 and the Company
Champion Technologies has announced a multi-million pound contract with Wood Group for the provision of production chemicals and chemical services to several of the firm’s North Sea assets. Initially a three year contract, there are two one year options in place which could see the value of the deal
McDermott International, Inc. announced today that it has completed the spin-off of its power generation systems and government operations segments through the distribution of the shares of The Babcock & Wilcox Company (“B&W”) to holders of McDermott common stock. As a result, McDermott is now a lea
Israel Petroleum Company, Limited (“IPC”) announced that the transfer and registration of its ownership rights in the Sara and Myra offshore Israel licenses has been granted by the Petroleum Commissioner of the Israel Ministry of National Infrastructure (“MNI”). Per the updated “Ownership in Petrole
Marine Subsea’s flagship vessel Sarah set sail from Aberdeen this weekend to begin a £2 million series of decommissioning contracts in the… by James Hamilton (Heraldscotland) [mappress] Source: Heraldscotland, August 2, 2010:
ClampOn has received Letter of Intent from FMC for supply of subsea sand & vibration monitors and PIG detectors to the Laggan-Tormore project. The Laggan-Tormore project is located in North-West of Shetland and is operated by Total. The overall development concept consists of a long distance tie-bac
Acergy S.A. announced today that it has been awarded a new four year contract for the Acergy Condor by Petrobras in Brazil, commencing in September 2010. This contract, valued at approximately $220 million, is for the provision of flexible laying services, offshore Brazil in water depths of up to 2,
Emden. The Bard Group and the Spanish Gamesa have terminated their negotiations over a possible co-operation. This was communicated by both companies in corresponding declarations. “We have learned from the talks, that our positions on the conditions of a co-operation in the offshore area were too f
Naming ceremony for the 6,675kW cutter suction dredger Ganga took place at Kakinada Seaport Private Ltd in Kakinada port in the state of Andhra Pradesh in India,on 30 July. Mrs Navatha, spouse of Mr KV Rao, Chairman cum Managing Director of Kakinada Seaport private Ltd, acted as godmother of the new
The following is a statement from Jim Gordon, President of Cape Wind, on the agreement in principle reached today with the Attorney General,… (bostonherald) [mappress] Source: bostonherald, August 02, 2010;
CHC Helicopter today it has been awarded an £11m/year contract to provide crew change services for Apache North Sea. The five-year deal, which has the potential for two one year extensions, will see CHC Helicopter add a second Sikorsky S92 aircraft to its Aberdeen fleet at a cost of £14.5m. The cont
Statoil has been granted consent to use the mobile facility Island Wellserver for well intervention activities on Yttergryta and Snøhvit. Statoil has previously been granted consent to use Island Wellserver for well intervention activities on fields in the North Sea and the Norwegian Sea, and has no
Deepwater Wind’s proposed offshore wind projects could provide significant economic benefits to Rhode Island, according to analysis… by Angela Beniwal (nawindpower) [mappress] Source: nawindpower, July 30, 2010;
