DP World has acquired Topaz Energy and Marine from Renaissance Services SAOG and Standard Chartered Private Equity / Affirma Capital for an enterprise value of $1,079 million. Topaz, with a contract backlog of $1.6 billion as of 31 March, operates a fleet of 117 vessels, predominantly in the Caspian
Airborne Oil & Gas has secured a second award from Anasuria Operating Company (AOC) to deliver a 2nd high flow thermoplastic composite pipe (TCP) jumper spool in the Central North Sea. The contract will see the Netherlands-based business supplying a 2” ID 345psi rated Gas Lift Jumper to support the
TechnipFMC has been awarded subsea contracts by Reliance Industries for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. These contracts cover the fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals. Arnaud Pieton, president S
SIMEC Atlantis Energy has reported losses for the year of 2018 of £24.0 million. Based on the company’s preliminary report, this result compares to £10.6 million loss in 2017. According to Atlantis, the increase in the year-on-year loss of £13.4 million reflects the significant changes in the Group
Saab Seaeye has successfully docked an autonomous vehicle to an Equinor subsea docking station to recharge its batteries and download data, demonstrating that a new future in underwater technology has arrived. Representatives from across the offshore energy industries gathered at Sweden’s Lake Vätte
FarSounder has announced a collaborative research project using an application of its 3D sonar technology to increase sustainability and benefit the commercial fishing industry. The main focus of the project is to assess pelagic fish species such as menhaden and herring. The technology currently use
Electromagnetic Geoservices (EMGS) has been awarded a contract from BP for a proprietary controlled source electromagnetic (CSEM) survey, offshore Senegal and Mauritania. The contract has a total value of approximately USD 6 million, the company said in Oslo Exchange filing on Friday. Acquisition is
Sapura Energy said it has been awarded 10 new contracts for its Engineering & Construction and Drilling segments, valued at approximately 1 billion Malaysian ringgits ($241 million). The new contract wins, secured across Malaysia, Thailand, Taiwan and Australia, include Sapura Energy’s first offshor
L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro, has won twin orders from Oil & Natural Gas Corporation (ONGC). The engineering, procurement, construction, installation and commissioning (EPCIC) contracts awarded are for: Development of Heera Panna Block of Western Offshore basin
Crosslake Fibre will light up the lowest latency cable between Toronto and New York City using Ciena’s optical technology and software. Crosslake’s new fibre network – spans 1,500 kilometers and includes 131 kilometers across Lake Ontario – will provide a shorter and more physically diverse route to
Damen Shiprepair Amsterdam has completed maintenance programme on the diving support vessel ‘Deep Arctic’. The 156-meter, TechnipFMC-owned Deep Arctic came to Damen Shiprepair Amsterdam (DSAm) primarily for a main class renewal docking and for maintenance including the renewal of the steel plates to
Baker Hughes, a GE company (BHGE) and C3.ai have formed a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s AI software suite to deliver digital transformation technologies for the oil and gas industry. The joint venture combines BHGE’s extensive oil a
Equinor has signed three-year contracts with Tendeka and Baker Hughes Norge for providing sand screen services at a total value of around NOK one billion, including options for five two-year extensions. The contract awards were marked at Equinor’s head office at Forus on 26 June. The sand screen tec
Neptune Energy said that its development plans for the Duva and Gjøa P1 projects in the North Sea have been approved by Norwegian authorities. First production from the projects is expected in late 2020 with total recoverable resources estimated to be 120 million barrels of oil equivalent (maximum p
