Tuesday, March 19, 2019

Oil And Gas Services News

Sapura Energy, OMV Partner for E&P

Sapura Energy's Tan Sri Shahril and OMV's Johann Pleininger at the November 2019 signing ceremony (Photo: OMV)

Malaysia’s largest oil and gas services company Sapura Energy Berhad and Austria’s OMV Aktiengesellschaft have agreed to form a new strategic partnership that will see the creation of a new joint venture…

HydraWell Executes Valhall Field Plugging Program

Pic: HydraWell

Norwegian oil and gas services company HydraWell has contributed towards Aker BP executing its plugging programme significantly quicker than planned through utilisation of the PWC(Perforate, Wash &…

Sapura Energy Wins Contracts in Mexico, Malaysia

Image: Sapura Energy

Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion (USD 410 mln).The…

OMV, Sapura Energy Sign Pact

Image: Sapura Energy Berhad

Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion."Under the agreements, OMV Exploration and Production GmbH (OMV E&P)…

OMV Forms JV with Sapura

(Photo: Sapura Energy)

Austria's OMV has agreed to establish a joint venture with Malaysia's Sapura Energy Bhd , paying $540 million for a 50 percent stake in its exploration assets in line with its strategy to expand in Southeast Asia.Sapura Energy will transfer $350

Petrofac Consortium Awarded USD 4bn Project in Thailand

Left to right: Antonio Carredu, Head of Onshore BD, Commercial and Tendering, Saipem, Sung An Choi, CEO and President, Samsung Engineering, Kuhn Atikom Terbsiri, Chief Executive Officer and President, Thai Oil, Sunder Kalyanam,  Group MD, Petrofac Engineering & Construction Growth. Photo: Petrofac

Petrofac, the international oil and gas services provider, leading a consortium with Saipem  and Samsung Engineering, has received an award notification for Thai Oil Public Company Limited’s (Thai…

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 between Transnet…

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. The Dubai-based oil and gas services firm…

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.

GE Commits to Baker Hughes, Shares Jump

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

Shares of General Electric Co's Baker Hughes rose sharply on Wednesday after the parent company said it no longer planned to shed its holdings in the oilfield services business before the expiration of a two-year lockup period…

UK Fraud Office Charges Two More in Unaoil Investigation

British prosecutors have charged two more people in an investigation into alleged bribery and corruption at privately-held Unaoil, a Monaco-based oil and gas services company. The Serious Fraud Office…

Private Equity Firm Energy Ventures Rebrands

L to R – EV Private Equity senior partner Greg Herrera and investment director Tomas Hvamb. (Photo: Energy Ventures)

A continuing low oil price has led to a re-focus of the investment strategy and a recent rebranding for independent private equity firm Energy Ventures. The company, which is headquartered in Stavanger and has offices in Houston and Aberdeen…

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, both…

Saudi Aramco to Set up Companies for Energy Industrial City

Saudi Aramco received the approval of the Saudi government to set up two new companies that will develop and operate a new Energy Industrial City in Saudi Arabia, as the kingdom seeks to expand its industrial base…

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. Amec…

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 price is NOK 212.5 million (roughly $25 million).

Aker Solutions to Acquire Reinertsen

Photo: Statoil

Aker Solutions said it has agreed to buy oil-services provider Reinertsen in an asset deal set to be concluded in the second quarter, giving Aker Solutions ownership of Reinertsen's Norwegian oil and gas services business.

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.

TOCFO Completes Fabrication of Juniper Topsides

Photo: TOFCO

Trinidad Offshore Fabricators Unlimited (TOFCO) said it has recently completed work for the Juniper offshore gas platform topsides at its facility in La Brea, Trinidad. The project marks a milestone…

TechnipFMC Begins Operations Post-merger

Image: TechnipFMC

TechnipFMC has begun operating as a unified oil and gas services company following completion of the merger of Houston-based FMC Technologies and paris-based Technip. Now with a combined 44,000 employees…