National Oilwell Varco, Inc. has acquired Advanced Production and Loading, PLC (APL), a subsidiary of BW Offshore, Ltd. APL, based in Norway, designs and manufactures turret mooring systems and other products for Floating Production, Storage and Offloading vessels (FPSOs) and other offshore vessels and terminals.
Dril-Quip, Inc. announced that Larry E. Reimert, Co-Chairman and Co-CEO, will step down from his duties as Co-CEO effective January 1, 2011, in order to concentrate on personal health issues. Reimert will retain his duties as Co-Chairman. J. Mike Walker, Co-Chairman and Co-CEO, will assume Reimert’s CEO responsibilities.
McDermott International, Inc. announced one of its subsidiaries was awarded a contract by Arena Offshore, LP for construction and installation of a platform for Arena’s “Riker” Prospect, located at Eugene Island 338 in 275 feet of water.