ABTechnology Ltd. and partner Enegi have signed an option agreement with energy services firm Wood Group PSN to increase its participation in the ABT Oil and Gas project. ABT Oil and Gas is a joint project by Enegi and ABTechnology to…
UK-based engineering firm Wood Group will form a joint venture (JV) with Germany’s Siemens to provide integrated rotating equipment services. The JV will comprise the maintenance and power solutions businesses of Wood Group GTS (excluding its Rolls Wood Group…
UK-based engineering firm Wood Group is to form a joint venture with Germany’s Siemens to provide integrated rotating equipment services. The JV will comprise the maintenance and power solutions businesses of Wood Group GTS (excluding its Rolls Wood Group…
Wood Group acquired Pyeroy Group Limited (Pyeroy), a provider of specialist coatings, access and fabric maintenance services to the oil & gas, marine and rail industries. Headquartered in Gateshead, UK, Pyeroy was founded in 1973 and employs approximately 1…
The Ferguson Group, specialists in the rental of DNV 2.7-1/EN12079 certified containers, tanks, baskets, refrigeration containers, accommodation and engineering modules to the offshore energy sector, is pleased to announce a new partnership with Alpha Logistics Services (EPZ) Ltd…
DNV has appointed Stefan Nerpin as its new Group Vice President of Communications and External Relations for the DNV Group. Mr Nerpin brings with him extensive international leadership experience and a strong track record of corporate communications and branding…
Mustang has acquired a majority stake in Latin American automation and control engineering and consulting firm ISI Solutions for an initial consideration of $5.2 million. The company will be rebranded ISI Mustang and will continue to be led by Pedro Santamaria and the existing management team…
Rental equipment provider Ferguson Group has set up a new company near its port and storage yard in Jebel Ali, Dubai, to support its range of offshore and refrigerated containers plus accommodation units and workspace modules in the Middle East.
Allister Langlands will step up to chairman of Wood Group and Bob Keiller will replace him as CEO when longserving chairman Sir Ian Wood retires in November. Langlands joined the group in 1991, initially as financial director, then deputy CEO before succeeding Sir Ian as chief executive in 2007…
The Ferguson Group has established a new, purpose-built base in Perth, Western Australia, for its range of rental offshore containers and accommodation and engineering modules. The yard and office facilities have been designed specifically…
Australian contractor Clough is selling its offshore marine construction business to Malaysia's SapuraCrest Petroleum in a cash deal worth roughly $129 million. The sale includes the Java Constructor derrick lay barge, Clough's interest in the…
Rowan Companies is selling all its shares in manufacturing subsidiary LeTourneau Technologies to Joy Global in a $1.1 billion cash deal. Rowan acquired LeTourneau, which built the majority of Rowan's jackup rig fleet, in 1994. Rowan president…
Under a memorandum of understanding with Petrobras, Cameron plans to invest $30 million in R&D facilities at two Brazilian locations. The company's Jacarei plant will add testing capabilities, including a hyperbaric chamber, along with a highpressure…
HYWIND’S HIDDEN ASSETS: Syntactic foam specialist Trelleborg Offshore recently released details of how it employed well-proven offshore oil & gas technology in the subsea buoyancy arrangements for the world’s first wind turbine ‘floater’,…
firms . . .Remedial Offshore has filed for Chapter 11 bankruptcy protection, allowing the company to continue to operate its facilities and offices in the ordinary course of business. Remedial will use the financing to increase working capital…
