IMCA passes 500 members worldwide

IMCA passes 500 members worldwide

A major milestone has been reached by the International Marine Contractors Association (IMCA), the global trade association that represents offshore, marine and underwater engineering companies, with the announcement that the association now has over 500 member companies based in over 50 countries. Full text

Industry

Candidates for the NPD IOR award 2007 wanted

2007.12.05 - Industry -

The Norwegian Petroleum Directorate (NPD) is looking for candidates for the IOR award for 2007. Full text

Acergy comments on the subsea market outlook

2007.11.29 - Industry -

Acergy comments on the subsea market outlook

The demand for subsea engineering and construction services is expected to remain strong for the
foreseeable future. Today’s $670 million award of Block 15 work in Angola to Acergy signals the
start of the long awaited contract awards for the large deepwater projects in West Africa, which we
expect to see continuing in 2008. Full text

Petroleum production on the Norwegian continental shelf decreases

2007.11.15 - Industry -

Petroleum production on the Norwegian continental shelf decreases

The average daily production was about 2 133 000 barrels of oil, about 220 000 barrels of NGL (Natural Gas Liquids) and about 57 000 barrels of condensate, in total of 2 411 000 barrels liquid. Full text

ExxonMobil Program Fosters Growth and Development in Local Communities in Africa

2007.11.13 - Industry -

ExxonMobil Program Fosters Growth and Development in Local Communities in Africa

Exxon Mobil Corporation (NYSE:XOM) announced today it will host a workshop at the Corporate Council on Africa's 2007 U.S.-Africa Business Summit to highlight its development of national employees and suppliers and strategic community investments in Africa. ExxonMobil is a corporate sponsor of the Nov. 14-16, 2007, summit at the Cape Town, South Africa, Convention Center to promote opportunities for international trade and investment in Africa. Full text

UK North Sea with 4 bln usd investments for next three years

2007.11.07 - Industry -

UK North Sea with 4 bln usd investments for next three years

The investments in the UK continental shelf of the North Sea on oil and gas drilling projects are estimated to reach 4 bln usd over the next 3 years, according to energy consultants Hannon Westwood in a report. Full text

Aker Kvaerner search for new employees with new methods

2007.11.07 - Industry -

Aker Kvaerner search for new employees with new methods

In the middle of the morning rush, 50 Aker employees and managers trolled the train station with professional dancers, reflectors for the autumn darkness, packets of nuts for those who skipped breakfast – and an invitation to apply for a job. Full text

PetroChina listed as worlds largest company

2007.11.05 - Industry -

PetroChina listed as worlds largest company

PetroChina Co. almost tripled on its first day of trading in Shanghai, becoming the world's first company to be valued at $1 trillion, more than Exxon Mobil Corp. and General Electric Co. combined. Full text

ODIM STRATEGIC ACQUISITION FOR DEEPWATER BUSINESS

2007.11.01 - Industry -

ODIM STRATEGIC ACQUISITION FOR DEEPWATER BUSINESS

ODIM ASA has reached agreement today on acquiring ABAS Crane of Aukra and Aker Brattvaag Winch in Søvik for a total of NOK 80 million. These two companies deliver such products as special cranes, lifting systems and specialised electrical winches for ships and offshore installations Full text

GE Energy Completes Acquisition Of Sondex, A Global Oilfield Technology Company

2007.10.27 - Industry -

GE Energy Completes Acquisition Of Sondex, A Global Oilfield Technology Company

GE Energy announced today it has completed the acquisition of Sondex plc to further expand its capability and expertise in oil & gas drilling and wireline technology. Full text

BP Restructuring to Secure Long Term North Sea Future

2007.10.24 - Industry -

BP Restructuring to Secure Long Term North Sea Future

BP is today announcing proposed plans for important changes to its North Sea organisation, headquartered in Aberdeen, designed to secure a long-term future for the company's oil and gas business in the UK. Full text

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