Bibby Offshore is moving into the offshore wind array cable installation market with the acquisition of a power cable lay carousel from Ecosse Subsea Systems (ESS).
Bibby Offshore and ESS have also entered into strategic alliance by way of a framework agreement.
Royal Dutch Shell's bid to acquire BG Group was dealt a blow on Friday when a first major shareholder said it would vote against the $49 billion deal due to a weak outlook for oil prices and risks related to BG's assets in Brazil.
Schlumberger, the world’s largest oilfield service company, and engineering company Cameron have announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies.
The transaction combines two complementary technology portfolios into a “pore-to-pipeline” products and services offering to the global oil and gas industry. On a pro forma basis, the combined company had 2014 revenues of $59 billion.
TRONDHEIM, Norway – Det norske oljeselskap has brought online the second oil well at its Bøyla field in the Norwegian North Sea. It is tied back to the Alvheim FPSO via a 28-km (17.4-mi) pipeline. Bøyla is under development via subsea facilities comprising two horizontal producer wells and one water injector. The first producer came onstream – the second well initially flowed 18,000 b/d, but output from the two wells should eventually settle at around 20,000 b/d.
HOUSTON – Shandong Offshore (Bidco) has agreed to acquire drilling contractor Northern Offshore (OSE: NOF) for around NOK 1.3 billion ($165 million).
Assuming shareholder approvals, the acquisition should be completed during the first half of August.