AVEVA has seen remarkable success in Malaysia and Singapore since the start of the company’s financial year beginning April 2008. Four major contract wins for AVEVA solutions, valued at over USD3 million, came from a broad range of sectors including shipbuilding, offshore oil & gas and petrochemicals. Amongst these are Malaysia Marine and Heavy [...]
Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, announced it has completed the previously announced sale of 53 single-engine aircraft and related assets operating in the U.S. Gulf of Mexico to Rotorcraft Leasing Company, L.L.C. for approximately $65 million. Bristow received approximately 20% of the purchase price at closing, [...]
Allied Capital Corporation announced that it has completed the recapitalization of Industrial Air Tool , a leading distributor of tools, consumable supplies and equipment to the oil & gas industry. Allied Capital partnered with ZS Fund L.P., a New York based private equity firm, and senior management of IAT in the transaction. Allied Capital invested [...]
Natco Group Inc, An oil services company, said Wednesday is has received a $24.9 million contract to provide membrane technology for an oil field off the Libyan coast. As part of the deal awarded in May, the company will supply a Cynara membrane system to capture carbon dioxide for re-injection into Bouri, Libya’s largest offshore [...]
NACTO Group Inc told the press saying that the company has just been awarded a $24.9 million contract to provide membrane separation technology and equipment to capture CO2 for re-injection in Bouri, Libya’s largest offshore oil field. An oil company operating in the Mediterranean Sea, operates the Bouri production platforms, one of which will house [...]
EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum [...]
Cal Dive International, Inc. will conduct a conference call to discuss its second quarter results on July 31, 2008 at 11:00 a.m. Central Time. A press release summarizing these results is planned for distribution on July 30, 2008, after the market closes. The press release and conference call presentation will be available immediately after publishing [...]
Oceaneering International, Inc. announced it has recently been awarded a contract by Shell for the fabrication and installation of subsea hardware on Shell’s ultra-deepwater Perdido Regional Development project in the U.S. Gulf of Mexico (GOM).
Engineering and fabrication of the hardware to be provided under the contract has commenced. This hardware includes 29 flowline and well [...]
President Bush urged Congress to lift its long-standing ban on offshore oil and gas drilling, saying the U.S. needs to increase its energy production. Democrats quickly rejected the idea.
“There is no excuse for delay,” the president said in a statement in the Rose Garden. With the presidential election just months away, Bush made a pointed [...]
Exxon Mobil says it will invest at least $100 million in offshore oil exploration near the Philippines.
Stephen Greenlee, vice president for Exxon Mobil Exploration Co., says Exxon is evaluating seismic data from the area and could start drilling next year, he said.
The Philippines government this week announced that a consortium of mostly Philippine companies [...]
