Mads Andersen will take over as the new president and CEO of Stavanger-based oil services firm Aibel, effective 1 January 2017. Jan Skogseth, Aibel's current president and CEO, since 2008, plans to retire. He will hold an advisory role in the company until spring 2017…
Keppel Offshore & Marine (Keppel O&M) has completed the acquisition of Cameron International Corporation's (Cameron) offshore product division, which comprises the LeTourneau jackup rig designs, rig kit business, as well as its aftersales and aftermarket services…
Oil services giant Schlumberger entered into an agreement to acquire the coiled tubing drilling and coiled tubing units from Xtreme Drilling and Coil Services Corp., a Calgary-based provider of international land drilling and coiled tubing drilling services…
Oil services giant Schlumberger has laid off 2000 employees as the company reports one of its steepest revenue declines since the downturn began, citing global activity decline and disruption that has reached unprecedented levels. Image…
Polarcus has received a letter of intent from an undisclosed client for a 3D marine seismic contract in Indonesia using the Polarcus' XArray (TM) technique for enhanced productivity and data quality. Cameron Astill, Senior Vice President Asia Pacific…
Oil Services giant Schlumberger has completed its US$14.8 billion merger with rival Cameron International, less than a year after the deal was proposed. Schlumberger CEO Paal Kobsgaard, image from Schlumberger…
There’s a lot of doom and gloom in the North Sea as operators battle to make operating costs profitable. Yet, it’s not all bad on the UKCS. Meg Chesshyre reports. The Culzean facilities. Image from KBR…
The Chinese Ministry of Commerce (MOFCOM) has cleared Schlumberger and Cameron's proposed US$14.8 billion merger without any conditions. This approval from China's antitrust regulator, MOFCOM, represents the last major hurdle towards closing the deal…
OneSubsea, a Cameron and Schlumberger company, has signed two 5-year global frame agreements (GFA) with BP to provide engineering, procurement, and construction (EPC) of subsea production systems (SPS) and subsea aftermarket services. Continuing previous supply agreements with BP…
Schlumberger has received approval from the European Commission (EU) for the US$14.8 billion takeover of Cameron International, after the EU concluded that the proposed acquisition would raise no competition concerns. Schlumberger…
Further detail of support measures for the UK's oil and gas industry were revealed yesterday following a visit by Prime Minister David Cameron to oil city Aberdeen. Cameron first signed a 'UK City Deal' fund of up to £250 million (US$358…
UK Prime Minister David Cameron is visiting oil city Aberdeen today to announce an injection of cash to help the ailing city as the industry struggles to deal with low oil prices. Cameron will sign a new 'UK City Deal' fund of up to £250 million (US$358…
Oil services giant Schlumberger posted more than a US$1 billion loss in its Q4 and full year 2015 results, in addition to a further 10,000 job cuts, bringing its workforce reduction to some 30,000 for the year. Kibsgaard…
Atlantis, a global leader in the tidal power sector, is pleased to announce the appointment of Cameron Smith, as director of project development. Smith has joined Atlantis’ new executive management group based at its corporate headquarters in Scotland and will report directly to the CEO…
Schlumberger and Statoil Gulf of Mexico signed an agreement to license a large part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico. The license also includes collaboration with WesternGeco in the seismic processing phase…
