Go Back
  • Offshore Service & Supply News

    Cameron has closed on its purchase of LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global, Inc. for approximately $375 million in cash.

     

    EMAS AMC has been awarded a contract by BP Exploration & Production, Inc. to perform subsea work in the Atlantis field located in Green Canyon 743. The project scope consists of the installation and replacement of subsea equipment comprised of manifolds, jumpers and associated hardware in 6,800 feet of water, as well as assisting BP with complete commissioning and start-up activities.

     

    Cal Dive International, Inc. has been awarded a $27 million contract by Pemex for the installation of an 8 inch subsea pipeline located in the Abkatun Field. The offshore construction is expected to commence in April 2012.

    Full story

    Comments (0)

  • Offshore Service & Supply News

    Cameron has agreed to acquire LeTourneau Technologies’ Drilling Systems and Offshore Products divisions from Joy Global, Inc. for about $375 million cash. Closing is scheduled during the 4th quarter of 2011.

     

    Halliburton entered into an agreement to acquire Multi-Chem Group, LLC, a provider of oil field production and completion chemicals and services that address production, processing, and transportation challenges.

     

    GulfMark Offshore, Inc. announced the initiation of an offshore supply vessel construction program. The first three vessels in the program will be built by Remontowa Shipbuilding, SA in Gdansk, Poland. These large, technologically advanced vessels have been designed to meet the demanding requirements for supporting deepwater and harsh-environment activities and are expected to operate in the North Sea market.

     

    Cameron has renewed an agreement with Petrobras for the supply of aftermarket services and support for the Brazilian state oil company’s development projects offshore Brazil. This agreement is a continuation to the CAMSERV aftermarket services contract previously signed in 2007 and is expected to generate more than $150 million in revenue to Cameron over the next three years. Cameron will manage the agreement from its service center in Macae, Brazil.

    Full story

    Comments (0)

  • BP Files Suit Against Transocean

    BP, plc filed suit against Transocean, Ltd. for damages relating to the Macondo oil spill, citing the driller’s “misconduct” as a cause for the disaster. In addition, BP has filed suit against Cameron International Corp., the blow-out preventer manufacturer, and Halliburton Co., the cement contractor on the well. Meanwhile, a report issued by the U.S. Coast Guard cited safety failures on the part of Transocean as a cause of the Deepwater Horizon incident.

    Full story

    Comments (0)

  • Cameron Will Record Q1 Charge of $0.15 Per Share

    Cameron will record a first quarter charge of about $0.15 per share associated with delays on a subsea systems project in Nigeria.

     

    Baker Hughes. Inc. announced that Alexander Peng will be appointed Vice-President, tax, effective May 1, 2011.

    Full story

    Comments (0)

  • Cameron Received $200 Million Contract from ConocoPhillips

    Cameron has received a contract valued at approximately $200 million from ConocoPhillips to provide equipment and services on two new platforms in the Greater Ekofisk Area development offshore Norway.

    Full story

    Comments (0)

  • Offshore Service/Supply News

    Newpark Resources, Inc. has entered into an agreement with Rheochem, PLC to acquire its drilling fluids and engineering services unit. Rheochem is an Australian-based oil and gas company.

     

    Global Industries, Ltd. has been awarded multiple projects by McMoRan Oil & Gas for the decommissioning and abandonment of seven production platforms located in the central Gulf of Mexico in water depths ranging from 100 to 400 feet. The work is scheduled to start in late April 2011 and will utilize the DLB Hercules. FMC Technologies, Inc. has received a $125 million order from Petrobras to supply equipment for use in their oil and gas developments offshore Brazil. The order for 32 subsea trees represents the remaining equipment under a 107-tree frame agreement that was announced in February 2010. Separately, the company has signed a five-year global frame agreement with BP to provide subsea production systems for worldwide subsea development projects.

     

    Mustang Engineering, a Wood Group company, announced that Curt Watson has joined Mustang’s executive management team as Senior Vice President of global business development and marketing.

     

    Cameron Subsea Systems has signed a global agreement with BP for the engineering, procurement, construction and operational support for Subsea Production Systems. ...

    Full story

    Comments (0)

  1. 1
  2. 2
  3. Next page