Tuesday, April 24, 2018

Oil And Gas Service News

Agreement Paves Way for South African Offshore Supply Base

(left to right – Alan Winde, Minister of Economic Opportunities in the Western Cape; Jeffrey Phang, Managing Director of Saldehco; Eric Hennet, Managing Director of Altus France (back); Sophie Masipa, Chairperson of Saldehco; Siyabonga Gama, Transnet Group Chief Executive; Mlamuli Buthelezi, Transnet Group Chief Operating Officer (back); Shulami Qalinge, Transnet National Ports Authority Chief Executive; and Alderman Marius Koen, Executive Mayor of Saldanha Bay Municipality (Photo: TNPA)

South Africa’s first dedicated and customized facility supporting offshore oil and gas activities will be introduced at the Port of Saldanha. This follows the conclusion of an agreement…

UAE's Stanford Marine in Talks to Restructure $325 mln in Debt

Photo: Standford Marine Group

Stanford Marine Group <IPO-SFMG.L>, majority owned by a fund managed by private equity firm Abraaj Group, is in talks with banks to restructure a $325 million Islamic loan, banking sources said.

Schahin Files for Bankruptcy Protection in Wake of Scandal

Twenty-eight units of Brazilian engineering firm Grupo Schahin filed for bankruptcy protection on Friday as fallout from a corruption scandal at key client Petróleo Brasileiro SA…

Cleargistix Partners with Focus Safety Services

Cleargistix LLC announced that it has agreed to a strategic partnership with Focus Safety Services, LLC of Lafayette, La. The agreement helps to broaden each company’s offerings…

Aker Solutions Completes Reinertsen Acquisition

Aker Solutions has completed the acquisition of oil-services provider Reinertsen, building on its position as maintenance and modifications supplier offshore Norway. The purchase…

Alba Gaskets Adds Manufacturing Division

Photo: Alba Gaskets

Aberdeen-headquartered oil and gas services company Alba Gaskets has invested more than £100,000 ($140,000) in a manufacturing division, while launching two new products aimed at the global energy industry.

WRS Appoints Ferrier VP, Texas Operations

Rex Ferrier

Wellsite Rental Services, LLC (WRS), a comprehensive, rental equipment provider for the drilling and production sectors of the oil and gas industry, has appointed Rex Ferrier as vice president - Texas operations.

Amec Foster Wheeler wins Aramco Oilfield Deal

British oil and gas services company Amec Foster Wheeler said on Thursday it won a contract to provide design and project management for the expansion of Saudi Aramco's Marjan offshore oilfield.

Yinson Wins $2.5 bln Ghana Oil & Gas Contract

Yinson Holdings Bhd , Malaysia's oil and gas services firm, said on Wednesday it secured a $2.54 billion floating production, storage and offloading (FPSO) vessel charter contract…

Wellsite Rental Services Names Hover Sales Manage

Nicole Hover (Photo: Wellsite Rental Services)

Wellsite Rental Services, LLC, a rental equipment provider for the drilling and production sectors of the oil and gas industry, has named Nicole Hover as sales manager for its Mid-Continent Region.

Greene's Operations Center Earns API Q2 Certification

Oil services company Greene’s Energy Group, LLC has received the American Petroleum Institute (API) Specification Q2 Certification – an advanced industry certification standard…

Frontier International Bolsters Service Portfolio

L-R Mark Clarke, chairman and Paul Radcliffe, managing director, Frontier International

Frontier International announced a service sector contract portfolio increase from six client contracts to 13 client contracts in this sector during 2014. The company said the increase…

Macleod Joins OEM Group as Financial Director

Mike Macleod  (Photo: OEM Group)

OEM Group said it has named Mike Macleod as its new finance director as part of the company’s growth strategy which aims to see its turnover increase by 25 percent to £3 million in the next 12 months.

Seadrill plans up to $305m Malaysian selldown

SapuraKencana Petroleum Bhd's second largest shareholder plans to sell up to $305 million worth of shares in the Malaysian oil and gas services firm, according to a term sheet of the deal seen by Reuters.

C&J Energy names CFO McMullen as CEO

Oil and gas services provider C&J Energy Services Ltd on Monday named Chief Financial Officer Randy McMullen as its chief executive officer, succeeding founder Josh Comstock who died on Friday.

Oil Services Firms 'Trim Fat'

A slump in oil prices is forcing the oil and gas services industry for the first time in 15 years to trim costs in a way that executives say will create a lasting change away from…

GranInvestimentos and Royal IHC Join Forces

Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership…

Albacom Expands O&G Capabilities

L-R Jim McBride, Manufacturing Supervisor of Electronics and Microwave divisions, Jim Davidson, CEO of Albacom and Ronnie McKenzie, Surface Engineering & Machining Supervisor. Photo Albacom

Albacom, a Dundee-based leading technology company, has relaunched its Surface Technology division after a £250,000 investment, which was supported by Scottish Enterprise. The Surface…

Tørstad Named DNV GL - Oil & Gas CEO

Elisabeth Tørstad, CEO in DNV GL - Oil & Gas.

Elisabeth Tørstad has been appointed CEO in DNV GL - Oil & Gas. She took on the role from January 2014, operating from the company’s Oil & Gas headquarter in Oslo. “I am very pleased…

EnerMech to Add 150 Staff to Australian Operation

International oil and gas services group, EnerMech, has strengthened its operations in Australia with the appointment of two senior oil and gas industry professionals. Craig Wilson…