Wärtsilä Acquires Trident B.V.
Wärtsilä said it has acquired Netherland based Trident B.V., a specialist in underwater ship maintenance, inspection and repair services. The acquisition is expected to close in January 2018. The enterprise value of the transaction is €17.5 million ($20.8 million) and an additional €3.5 million ($4.2 million) earn-out, based on the business performance in the coming years. The turnover of Trident is approximately €9 million ($10.7 million). Trident Group specializes in repair, overhaul, and maintenance of propulsion systems, hull and machinery
Nova Scotia Attracts Tidal Energy Players
Minas Energy said it has entered into a partnership with International Marine Energy Inc (IME) and Tocardo International BV, using Tocardo’s tidal turbines. The new collaboration, Minas Tidal Limited Partnership (MTLP), intends to test Netherland-based Tocardo technology at the Fundy Ocean Resource Centre for Energy (FORCE) in the Minas Passage. In-water testing is anticipated in late 2017. “We are looking forward to demonstrating Tocardo’s capabilities in North America and hope to make Nova Scotia the centre of our future manufacturing operations,” said Hans Van
Technip Pipes for Libra Pre-salt Field
Technip was awarded a substantial(1) contract from Libra Oil & Gas BV, a consortium led by Petrobras Netherland BV (40%) and partners: Shell (20%), Total (20%), CNOOC (10%) and CNPC (10%). The project includes the supply of flexible pipes for the Libra Extended Well Test field, located in the Santos Basin pre-salt area, Brazil. This is one of the first steps of the Libra giant field development. This contract covers the supply of high-end flexible pipes including: 8" oil production, 6" service and 6" gas injection flexible pipes. Designed to produce the first Libra
Technip to Supply Flexible Pipes for Lula Alto Pre-salt Field
Technip was awarded a major(1) contract from Tupi BV, a consortium composed of Petrobras Netherland BV (PNBV, 65%), BG (25%) and Galp (10%), for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil. This contract covers the supply of around 200 kilometers of flexible pipes and associated equipment, including gas lift, gas and water injection, gas export and production lines. These high technological flexible pipes are designed to meet pre-salt challenges with water depths of up to 2,500 meters and high pressures. Technip’s operating
Fugro Acquires Africa-based Geofor
Netherland-based Fugro says it has completed the acquisition of the Geofor Group based in Libreville (Gabon), Douala (Cameroon), Pointe Noire (Republic of Congo) and São Tomé City (São Tomé) to strengthen its presence in the Central Africa region and the French speaking African countries. Fugro explains that Geofor is an onshore/ nearshore geotechnical company which delivers drilling services and has highly specialised engineers and geologists in the fields of geotechnical consulting, hydrology, and land survey. The company was established in 1989 and has over 25
Signs Of New Natural Gas Field Found Off Israel Coast
41.5 percent stake, Frendum Investments with 21.5 percent, Coleridge Gas and Oil with 12 percent, Israel Opportunity and Placida Investment each with a 10 percent stake, and Azerbijan-based Caspian Drilling with the remaining 5 percent. Lapidoth-Heletz said a report by Texas-based consultants Netherland, Sewell & Associates estimated a 23-27 percent chance of success for finding the 2.5 tcf of gas and a 16-18 percent chance for finding 255 million barrels of oil. "(Oz's) proximity to reserves where producible amounts of natural gas and oil have been found strengthened our opinion
February 2024
