Monday, May 20, 2019

Construction Services News

Schlumberger to Manage Equinor Project in Brazil

(Photo: Equinor)

Schlumberger signed a contract worth over $200 million with oil major Equinor to manage an offshore rig as part of a drilling program in Brazil's offshore Campos oil basin, a person familiar with the matter said on Thursday.The deal would be the first time an oil services company replaces a drilling-rig contractor, the person said…

NV5 Global Acquires CHI Engineering Services

Image: CHI Engineering Services

The engineering, procurement and construction management (EPCM) firm serving the liquefied natural gas (LNG), petroleum gas (LPG) and natural gas (NG) industries, CHI Engineering Services is aquired by engineering consulting NV5 Global, Inc.CHI’s client base includes the majority of LNG facility owner/operators in the US. The acquisition…

Tallinna Sadam, Alexela Invest Sign MoU

Tallinna Sadam  Image: Port of Tallinn

AS Tallinna Sadam and AS Alexela Invest signed a Memorandum of Understanding (MOU) for finding the best solutions for the development and implementation of LNG terminal and servicing LNG tankers and bunkers; and establishing port facilities for loading and unloading LNG on the Pakri peninsula by the Lahepere bay in Paldiski.Tallinna…

Aker Solutions to Provide Brownfield Services for BP in Angola

Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.The work scope covers the supply of engineering, procurement and construction services for brownfield projects on the floating production, storage and offloading (FPSO) vessels located at each field.

Aker Bets on Software Engineers for Its Oil Business

(Photo: Aker BP)

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets, integrating data from equipment such as pumps…

PD&MS Group Wins $14m in Decommissioning Work

PD&MS Group CEO Simon Rio. (Photo: PD&MS)

PD&MS Group secured a trio of contracts worth more than $14 million across three major North Sea late-life projects in the last six months. The latest award for the Aberdeen-headquartered company is a multimillion-pound contract from Spirit Energy to decommission the topsides on two of its unmanned Morecambe Bay gas field drilling platforms, located in the East Irish Sea.

Danos Acquires Construction Assets in West Texas

Logo: Danos

Danos has acquired the civil construction assets and transitioned several skilled craftsman from Renegade Backhoe Services (RBS), located in Levelland, Texas. With this acquisition, Danos takes over RBS’ fleet of backhoes, heavy-haul trailers, dump trucks and associated construction services equipment. “In addition to our well-established production and roustabout lines of services…

UK: Wood Group Takeover of Amec Could Hurt Competition

Britain's market regulator said a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition. Wood Group in March agreed to buy Amec Foster Wheeler for 2.2 billion pounds ($2.7 billion). Britain's Competition and Markets Authority (CMA) said that the merger could lead to competition concerns in…

Halliburton Beats Street on North American Demand

Halliburton Co swung to a quarterly profit that handily beat analysts' expectations, boosted by higher demand for its equipments and services in North America. Shares of the world's No.3 oilfield services provider, which supplies land drilling rigs, tubing and hydraulic fracturing services, rose 2.5 percent at $45.50 in premarket trading.

Halliburton Gains from North American Drilling Surge

File Image (CREDIT: AdobeStock / (c) Edelweiss)

Halliburton Co said on Monday that oil producers are completing nearly as many wells as they are drilling, a major reversal from when companies left wells unfinished in anticipation of higher oil prices. Increased demand for Halliburton's pressure pumping and well-construction services helped the world's No.2 oilfield services provider report slightly better-than-expected quarterly profit and revenue.

Rolls-Royce to Provide Mooring System for Statoil's Njord A

Photo: Rolls-Royce

Rolls-Royce has been chosen by Norway-based engineering and construction services firm Kvaerner to provide a mooring system for Norwegian oil and gas company Statoil’s oil platform, Njord A. Njord A is being upgraded by Kvaerner and Rolls-Royce has been chosen to provide an upgrade to its mooring system. The contract has a value of about £15 million ($19 mln).

BCCK Holding, SCF Partners join forces

Logos

BCCK Holding Company (BCCK) and SCF Partners (SCF) have entered into a strategic partnership whereby SCF will be providing growth capital for expansion opportunities for BCCK. Clark Butts, founder of BCCK, will continue as chief executive officer and as an owner of the business;and Greg Hall, executive vice president; Ben K. Friedman…

Cyberhawk Lands in Portuguese Market

Cyberhawk team operating drones offshore Photo Cyberhawk

Cyberhawk Innovations continues to bolster its international credentials through a new partnership with Portugal’s leading engineering service provider and contractor Construção e Manutenção Electromecânica (CME). The agreement will see customers in Portuguese speaking markets benefit from a unique combination of Cyberhawk’s industry leading cloud based asset management software…

Bibby Offshore Bags Mega North Sea Contract

Howard Woodcock, chief executive Photo Bibby Offshore

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a multimillion dollar contract with a global energy player, to provide first gas and construction support on its assets in the Southern North Sea. The contract, due to be executed between Q3 and Q4 2016, will see Bibby Offshore’s construction support vessel Olympic Ares…

Harkand North America Salvaged by MBO

A team led by AJ Jain, Harkand North America Managing Director, has agreed to a management buyout (MBO) of Harkand’s North American and African business. The new company, to be named ETHOS OFFSHORE LIMITED, will continue to provide subsea engineering and construction services to Harkand’s existing US, Mexican and West African client base to market-leading standards.

ARENA Boost for Australia’s Mega Bio-energy Project

CEO, Ivor Frischknecht Photo ARENA

An $800 million bio-energy project in Queensland could become a reality thanks to early stage funding support from the Australian Renewable Energy Agency (ARENA). ARENA is providing $3 million support for Renewable Developments Australia (RDA) to build the business case for a renewable biofuel production facility at Pentland, near Charters Towers in North Queensland.

DCS Contracted for Painting and Blasting Services

Dynamic Energy Services International LLC, a fabrication and service provider to the global oil, gas and energy industries, announced that its specialty craft division, Dynamic Construction Services (DCS), has been awarded a key contract to provide maintenance blasting and painting services for a major oil and gas operator’s offshore Gulf of Mexico assets.

C&J Energy Services CEO Josh Comstock has Died

C&J Energy Services CEO Joshua E. Comstock has died, according to officials in Harris County, Texas and a source familiar with the matter. He was 46. The cause of death has not been determined, Harris County's forensics office said. Calls to the company's media office were not immediately returned and several employees declined to comment. Public records show Comstock was born on July 31, 1969.

Swiber Wins $100 Mln Contract for NOC

Francis Wong (Photo: Swiber)

Swiber Holdings Limited, provider of integrated offshore construction and marine support and engineering services to the oil and gas industry, informs it has secured a contract worth about $100 million to provide engineering, procurement, installation and construction services for a National Oil Company (NOC) in South Asia. This latest project…

Aker Solutions Slips To Loss In Q4

Courtesy Aker Solution

* EBITDA margin ex. * EBIT margin ex. Aker Solutions made good progress on major projects from Africa to Norway and Brazil in the fourth quarter of 2015. Key deliveries included equipment to start drilling in November at the Kaombo development in Angola and components to enable first oil production in December at the Moho field in Congo.