Compass Diversified Holdings, an owner of leading middle market businesses, announced the closing of the acquisition of Clean Earth Holdings, Inc., pursuant to an agreement it entered into on August 7, 2014. The acquisition, which was completed for a purchase price of $253 million and funded through
Harkand has completed the transportation and installation of two large jumpers in the Gulf of Mexico utilising the HOS Mystique vessel.
Global marine terminal operator DP World announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the Company before separately disclosed items of $332 million, 40.8% ahead of the first half of 20
Ackermans & van Haaren realized a net profit in the first half of 2014 of 96.4 million euros, an increase by 1.6 million euros (+1.6%) over last year. The increase of the half-year profit is primarily thanks to a substantial improvement (+31.9 million euros) in the result of the participations, amou
The Panama Canal Authority (ACP) yesterday opened the Second International Maintenance Congress with the participation of 26 international and six local experts to promote reliability and sustainability in business practices, based on a maintenance culture. “Maintenance has been fundamental for the
Denmark’s DONG Energy has revealed today that production from its $2.2 billion Hejre development in the Danish North Sea will begin later that originally expected. In its first half 2014 report, the Danish energy giant said that the work on the upper part of the Hejre field platform is challenged by
Aquaterra Energy has launched a unique Riser Monitoring System (RMS) which the company believes will revolutionise the integrity management process and deliver superior reliability and accuracy of data acquisition for the offshore oil and gas industry. The RMS design utilises a combination of direct
Aquaterra Energy has launched a unique Riser Monitoring System (RMS) which the company believes will revolutionise the integrity management process and deliver superior reliability and accuracy of data acquisition for the offshore oil and gas industry. The RMS design utilises a combination of direct
Following significant Norwegian market growth, ACE Winches, the global deck machinery specialist, will launch its latest technology – Reel Drive Systems (RDS) as it exhibits at ONS Stavanger this week. The RDS ranges from 150 Te to 500 Te and will deploy and recover subsea umbilicals, risers and flo
Hydro Group plc, a global design and manufacturer of underwater cables and connectors for subsea, underwater, topside and onshore applications, has secured a contract with BAE Systems, valued at approximately £2million, for work to be delivered over the next two years. Hydro Group has been selected
Off the shores of South Korea, South Dakota School of Mines & Technology professor Sangchul Bang is making history. Designing suction pile foundations for a 2,500-megawatt (MW) wind farm, his nearly $200,000 contract with Korea Electric Power Corporation Research Institute (KEPRI) will result in fou
Plexus Holdings PLC, has received a purchase order from Det Norske Oljeselskap ASA to supply surface wellhead and mudline equipment services for an oil and gas appraisal well offshore Norway. The value of the order is estimated at approximately £1 million with revenues expected to start December 201
The world’s need for energy is driving interest in further industrial activity in the Arctic, yet the region’s conditions are highly variable depending on the type of activity, location and time of year. This creates a complex risk picture, DNV GL writes. DNV GL has therefore developed an interactiv
GE Oil & Gas has launched Deepwater Vertical Xmas Tree (DVXT) at the company’s new, interactive Technology Solutions Center in Stavanger, in conjunction with the Offshore Northern Seas (ONS) 2014 conference and exhibition.
