Company & People on the Move News

DSL MENA expands Middle East drilling component service

DSL MENA has opened a new facility in Hamriyah, UAE, with quayside access providing direct entry to the Persian Gulf. 

Delek Group becomes major shareholder in operator Ithaca Energy

Delek Group has become the largest shareholder in Aberdeen-based operator Ithaca Energy, signing a strategic agreement to invest in the company.

Crude oil prices move upwards of $50 for the first time since July

Crude oil prices rose above $50/bbl in New York for the first time since July on speculation that demand is picking up, according to a report in the Houston Chronicle. 

GMC Intelligently Connected Pipe eliminates offshore welding

GMC was named as a finalist for the American Society of Mechanical Engineers International (ASME) Global Pipeline Award for its Intelligently Connected Pipe.

Freeport-McMoRan reduces board size, continues to look at oil and gas spin off

Freeport-McMoRan (NYSE:FCX) has cut its board of directors from 16 members to nine and is reviewing alternatives for its oil and gas business.

Aqualis opens in Kuala Lumpur

Aqualis Offshore has opened an office in Kuala Lumpur, Malaysia.

EMGS offers vessel update, restructuring details

Electromagnetic Geoservices ASA has provided an update on its vessel activity and utilization following the close of 3Q 2015.

Engineering firm established in conjunction with Fabritech

Fabritech UK’s managing director, Stuart Mackie, and engineering manager, Innes Smith, have established Engineering Solutions and Rental Ltd. in Aberdeen, UK. 

Ezra, Chiyoda move forward with subsea services joint venture

Ezra Holdings Ltd. and Chiyoda Corp. are moving forward with previously announced joint venture plans for subsea services work. 

Petrobras cuts spending plan

Petrobras has cut $11 billion from capital spending plans for this year and next, Reuters reported.

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