Business Breifs

KBR strengthens engineering presence in Saudi Arabia

KBR (NYSE: KBR) has established a new entity to perform general engineering and project management services under the Saudi Aramco GES+ initiative.

Shell awarded ‘Excellence in Project Integration’ at IPTC

Shell Brasil has received the “Excellence in Project Integration” Award at the International Petroleum Technology Conference (IPTC) 2011 Dinner and Award Presentation held Feb. 7, in Bangkok. 

Baker Hughes expands pipeline inspection services

Baker Hughes has broadened its pipeline service portfolio to include circumferential magnetic flux leakage (MFL) inspection technology.

Expro opens Newfoundland office

Expro has opened an operations base in Paradise, Newfoundland, Canada, that will support the provision of well testing, subsea, and downhole video services.

Advanced Maritime Transports acquires Port Logistics

Advanced Maritime Transports (AMT SA) has acquired Port Logistics, a Brazilian maritime support logistics agency.

SandRidge Energy to acquire Dynamic Offshore Resources

SandRidge Energy has entered into an agreement to acquire Dynamic Offshore Resources for aggregate consideration of $1.275 billion.

NOV buys NKT Flexibles

NKT Holding A/S and Subsea 7 S.A. have agreed to sell NKT Flexibles to National Oilwell Varco for DKK 3.8 billion ($669 million).

DNV approves Kongsberg Maritime Bridge Operation Simulator

DNV has approved the Kongsberg Maritime Bridge Operation Simulator according to the revised standards that became effective on Jan. 1, 2012.

Aker Solutions acquires Sandnessjøen Engineering

Aker Solutions has acquired Norwegian engineering company Sandnessjøen Engineering.

Weir Group acquires Novatech LLC

The Weir Group has agreed to acquire Novatech LLC for $176 million (£113 million) in cash.

People on the Move

Petrobras elects new CEO

Petrobras’ board of directors has elected Maria das Graças Silva Foster as CEO, succeeding José Sergio Gabrielli de Azevedo.

Siemens appoints CEO of oil & gas division

Siemens Energy has appointed Adil Toubia as CEO of the oil & gas division.

DNO International completes management reorganization

DNO International ASA has now completed a corporate management reorganization and has made appointments to key management positions.

Mermaid Maritime appoints CEO

Mermaid Maritime has appointed Bruce M. Gemmell as CEO.

Aquaterra Energy appoints managing director

Patrick Phelan has been appointed managing director of Aquaterra Energy Ltd.

Webcasts

Offshore Top 5 Projects - 2011

Find out which projects received this prestigious recognition in the Top 5 Projects for 2011, and learn how the industry: is applying the latest technologies for production and development in ...

White Papers

Improving Safety in Oil and Gas Production

The recent outbreak of accidents in the O&G industry is spawning increased concern for plant and personnel safety. Lost revenues amounting to billions of dollars, increasing C-level culpability, and new safety related regulations will drive the need for more safety solutions.  Transmit...