Jotun establish a multinational offshore concept team

Jotun establish a multinational offshore concept team

In order to serve the customers well and add value to their operations, Jotun established a multinational Offshore Concept Team. This cross-border team collects and analyses information related to the offshore industry to further improve and strengthen customer commitment. Full text

Company News

Hydro Group secure funding for subsea growth

2008.04.13 - Company News -

Hydro Group secure funding for subsea growth

Hydro Group plc, a global solutions provider of optical and electrical products in the subsea technology industry, has been granted £4 million capital funding by Clydesdale Bank to develop progressive new facilities. Full text

Ocean team concludes Mexico transaction

2008.04.12 - Company News -

Ocean team concludes Mexico transaction

Oceanteam ASA announced today that it has received approval from the Mexican Foreign Investments Commission to complete the purchase of 90% of the shares within Compania Naviera de Transporte Maritimo, SA de CV (''CONAT'') based in Cuidad del Carmen, Mexico. Full text

Deepflex get funding to expand subsea technology and capacity

2008.04.10 - Company News -

Deepflex get funding to expand subsea technology and capacity

DeepFlex, Inc., the world’s only manufacturer of flexible, unbonded, non-metallic composite pipe for use in deepwater and ultra deepwater oil and gas production, announced today that it has sold $33 million of Series C Preferred Stock. Full text

Scana and FPSOcean join forces in FPSO market

2008.04.07 - Company News -

Scana and FPSOcean join forces in FPSO market

Scana Industrier ASA and FPSOcean AS have agreed to establish a new company which will focus on developing technology and equipment for floating production units. This is a continuation of the ongoing jointly owned development of the DRB (Disconnectable Riser Buoy) turret and fluid transfer system. Full text

Norse Cutting and Abandonment acuire LIS Energy Services

2008.04.06 - Company News -

Norse Cutting and Abandonment acuire LIS Energy Services

Norse Cutting & Abandonment AS (NCA) acquires 100% of the assets of plugging and abandonment (P&A) specialist LIS Energy Services LLC in Louisiana, USA. The acquisition strengthens NCA’s service range significantly within the P&A and decommissioning industry and provides a vital next step in becoming the world leading decommissioning specialist. Full text

Neptune Marine Services acquire Australian Sea -Struct

2008.04.06 - Company News -

Neptune Marine Services acquire Australian Sea -Struct

Leading engineering services company, Neptune Marine Services (ASX: NMS) today announced that it had completed the acquisition of Perth based Sea-Struct Pty Ltd (“Sea-Struct”). The company’s main operation is based in Fremantle, Western Australia, with additional offices in Singapore and Indonesia and representation in the United Arab Emirates and South Korea. Full text

Helix Energy sell interest in GoM blocks

2008.04.03 - Company News -

Helix Energy sell interest in GoM blocks

Energy Resource Technology GOM, Inc. (ERT), a wholly owned subsidiary of Helix Energy Solutions (NYSE:HLX), has agreed to sell a 30% working interest in its Danny Noonan discoveries (Garden Banks Blocks 463, 506 and 507) and other Outer Continental Shelf oil and gas properties (East Cameron Blocks 371 and 381) Full text

Venture acquire six gas discoveries from Tullow

2008.04.03 - Company News -

Venture acquire six gas discoveries from Tullow

Venture Production plc (“Venture”), the Aberdeen headquartered UK independent oil and gas production company, today announces that it has agreed to acquire a package of interests in six proven but undeveloped gas discoveries close to existing infrastructure in the Caister Murdoch System Full text

Seadrill get two new drilling rigs from Samsung Shipyard

2008.04.01 - Company News -

Seadrill get two new drilling rigs from Samsung Shipyard

Seadrill yesterday took delivery of the deep water drilling rigs West Phoenix and West Sirius from the Samsung Shipyard in South Korea and Jurong Shipyard in Singapore, respectively. West Sirius was delivered within 30 days from original delivery schedule, while West Phoenix, due to customer initiated modifications, was delivered approximately three months after original contract date Full text

HitecVision invest in Hitec Products Drilling AS

2008.03.31 - Company News -

HitecVision invest in Hitec Products Drilling AS

HitecVision acquires 60% of independent drilling and well solutions provider Hitec Products Drilling, providing capital for continued expansion. Full text

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