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ACQUISITION/MERGER NEWS

Shell to buy BG Group in $69.7 billion takeover

THE HAGUE, Netherlands (AP) — Royal Dutch Shell has agreed to buy British gas producer BG Group for 47 billion pounds ($69.7 billion) in cash and stock, the companies announced Wednesday. The move gives oil giant Shell a greater stake in natural gas markets in the wake of tumbling oil prices.

ACQUISITION/MERGER NEWS

FMC Technologies and Technip to Launch Forsys Subsea

FMC Technologies, Inc. and Technip have signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will redefine the way subsea fields are designed, delivered and maintained.

JOB NEWS

Shell to Cut More North Sea Jobs

Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.

SAFETY NEWS

Four Killed, Several Injured in Pemex Platform Fire in Gulf of Mexico – Update

Update 2 (1:50 p.m. EDT): Pemex has now confirmed four fatalities from today’s explosion and fire at a Pemex platform in the Bay of Campeche.

Update 1: Pemex has reported that 1 fatality has now been confirmed. The worker killed was a contractor from the company Cotemar, an oil services company based in Mexico. Pemex reported that it has received reports of 16 injured, including two with serious injuries.

CONTRACT AWARDS

Norske Shell Hires IKM Subsea for IMR and ROV Services

 IKM Subsea has been awarded a 5 + 5 year contract by Norske Shell to provide IMR and ROV services

The contract value including options is in the region 150 million NOK and duration term is firm for 5 years + 5 yearly options.

ACQUISITION/MERGER NEWS

Kongsberg Acquires German Contros

 Kongsberg Maritime AS has acquired the remaining 90% of the shares of the Germany based underwater chemical sensors specialist Contros Systems & Solutions GmbH.

PRODUCT NEWS

MacArtney scales up Australian underwater technology venture

Fuelled by a steady increase in demand for complete integrated underwater system solutions, the MacArtney Group has opted to significantly bolster its system sales focus in Australia and New Zealand. Spearheaded by the hiring of experienced engineer and underwater technology specialist, Tom Zezou,  as System Sales Manager, MacArtney is well-equipped to handle even more complex projects and system challenges in the future. Global solutions “down under”

GENERAL NEWS

SapuraKencana Profits Rise Despite Q4 Dive

SapuraKencana said net profit fell to RM129.13 million in the fourth quarter ended Jan 31, 2015 (4QFY15) from RM337.23 million. Revenue was, however, higher at RM2.39 billion versus RM1.88 billion.

ROV NEWS

IKM Subsea wins ROV deal offshore APAC

IKM Subsea Singapore has been tasked to provide ROV services onboard Solstad Offshore’s derrick lay bargeNorce Endeavour for construction support projects offshore Thailand.

Last year, Solstad Offshore confirmed that DLB Norce Endeavour would be used to install multiple new wellhead platforms for Chevron Offshore (Thailand) Ltd., in the Gulf of Thailand during the 2015 offshore installation campaign.

 

CONTRACT AWARDS

Bibby Offshore lands ROV pipeline inspection gig in Myanmar

 Bibby Offshore’s Asian division, Bibby Offshore Singapore (‘BOS’), has secured a contract with the Moattama Gas Transportation Company (“MGTC”).


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