Baker Hughes and General Electric Co. (GE) have announced the executive team that will lead Baker Hughes, a GE Company upon closing of their proposed transaction to combine GE’s Oil & Gas business with Baker Hughes. The combined executive team will be as follows: Lorenzo Simonelli…
Elaine Maslin dives deeper into the all-electric subsea equation. The K5F-3 subsea all-electric Xmas tree from OneSubsea.Photo from TEP NL (Total E&P Netherlands). All-electric subsea installations have been on the agenda for years…
Eni and General Electric (GE) have entered an agreement to develop renewable energy projects and hybrid solutions with a focus on energy efficiency. Through this agreement, Eni and GE intend to jointly identify and develop large-scale power generation projects from renewable energy sources…
Energy Intelligence announced that Norwegian company Statoil is the winner of its 2015 Award for Leadership in New Energy. The award recognizes a company that is at the forefront of the energy transition from traditional fossil fuels to a lower-carbon energy system…
Gregory Hale highlights the importance of both safety and following proper security protocols. The April Pemex blast on a dehydration and pumping platform in the Gulf of Mexico showed that incidents will happen in a dangerous environment…
Thrustmaster of Texas appointed Joshua Song as general manager of Thrustmaster Asia Pacific Pte Ltd. Thrustmaster Asia Pacific is based out of Singapore - the world’s leading hub for international and regional shipping with over 5000 maritime companies…
Queiroz Galvão Exploração e Produção (QGEP) awarded the McDermott International and GE Oil & Gas consortium a SURF contract to provide subsea equipment for the early production system (EPS) on the Atlanta field, offshore Brazil. Map from QGEP…
General Electric today agreed to pay US$1.78billion for Milestone Aviation Group, the world’s largest helicopter leasing company. Helicopter transportation is fundamental to the offshore oil industry, and the market for oil & gas…
Oil and gas engineering services firm Plexus Holdings has added a new board member as it looks to expand its business overseas. The firm has appointed US-based Charles Edward Jones to the board of Plexus as a non-executive director with immediate effect…
Houston-based Bristow Group Inc., which provides helicopter services to the offshore energy industry, announced today that Chet Akiri has been appointed to the position of Senior Vice President and Chief Corporate Development, New Ventures and Strategy Officer…
Diamond Offshore Drilling, Inc. has appointed Ronald Woll as Senior Vice President and Chief Commercial Officer, effective immediately. Based in Houston, Woll will have oversight of company marketing and contract acquisition activities. Woll…
Canada’s SNC-Lavalin has agreed to buy Jersey-based oil and gas services company Kentz Corporation in a deal valuing the Kentz at £1.2 billion (C$2.1 billion). SNC-Lavalin said the move was part of its strategy to become a global Tier-1 engineering and construction company…
Rosneft is to take a 'significant equity stake' in drilling firm North Atlantic Drilling (NADL) as part of an agreement between NADL and its majority owner Seadrill, as the Russian firm looks to ramp up its offshore exploration efforts. The agreement…
Rosneft and General Electric signed an agreement to set up a series of joint ventures. The document was signed by Rosneft President Igor Sechin, and General Electric CEO Jeffrey Immelt in the presence of the Prime Minister of the Russian Federation…
Schlumberger wrapped up its $11 billion purchase of Smith International at the end of August. Andrew Gould, chairman and CEO of Schlumberger, commented: ‘We are ready to begin the process of realizing the synergies made possible by this merger…
