Agreement Paves Way for South African Offshore Supply Base
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
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
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
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
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
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
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
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 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…