Parcom snaps up GustoMSC
Struggling SBM Offshore has agreed to the sale and transfer of GustoMSC to Parcom Capital for about $185million as part of its divestment of non-core assets. SBM said the purchase price will be paid in cash at closing.
offshore drilling units
Global Transocean deal ‘milestone’ for Sparrows
Aberdeen company Sparrows said yesterday it had won a milestone crane-inspection contract for the world's largest offshore drilling company, Transocean.
IMO push means shrinking carbon footprints for drilling rigs of the future
Rowan has contracted Hyundai Heavy Industries (HHI) to supply 18 gas emission reduction systems for the three drillships that it ordered last year.
Firm signs £3.2m deal
Aberdeen oil field services company Expro said yesterday it had won a £3.2million contract for work in the UK North Sea.
Oilfield services prospects set fair
The oilfield services (OFS) industry was enjoying one of its most prolonged up-cycles in memory until the global recession reared its ugly head. After adjusting to the new financial environment and beginning to show positive signs again, the blowout on the Deepwater Horizon on April 20, 2010, happened.
Japanese out to exploit Petrobras rig shortage
JAPANESE shipbuilding/engineering, together with ship-owning and drilling interests, are forging a consortium to build and supply drilling rigs to Petrobras, of Brazil, as it urgently needs a large number of such units to pursue its ultra-deepwater exploration and production ambitions.
Ghost of Piper Alpha still lurks to this day
SOME countries are perceived as better than others when it comes to driving forward HS & E standards, and Norway is an outstanding example in this regard.
Goal – to turbo-charge business
Locke says the game plan isn't a secret; returning to the market after three to five years, perhaps longer, is quite likely, but only after growing the business substantially.