Oil And Gas Services News

MMA Pinnacle (Photo: i-Tech Services)

i-Tech Services Wins IMR Contract

i-Tech Services said it has secured its first inspection, repair and maintenance (IRM) contract for the vessel MMA Pinnacle with a Malaysia-based integrated oil and gas services company, following the signing of a long-term vessel charter agreement in the Asia Pacific region earlier this year.The work scope for the 30-day campaign ranges from the provision of general visual inspection (GVI) services through to changing out subsea hardware in water depths of 1,400 meters, using the vessel’s 150-metric-ton crane.Mobilizing in Singapore, the MMA Pinnacle has been fitted with a range of i-Tech

Aker Solutions Completes Reinertsen Acquisition

Aker Solutions has completed the acquisition of oil-services provider Reinertsen, building on its position as maintenance and modifications supplier offshore Norway. The purchase price is NOK 212.5 million (roughly $25 million). The agreement to buy Reinertsen's Norwegian oil and gas services business, announced on March 30, has also been cleared by Norway's competition authority.

Photo: Statoil

Aker Solutions to Acquire Reinertsen

Aker Solutions said it has agreed to buy oil-services provider Reinertsen in an asset deal set to be concluded in the second quarter, giving Aker Solutions ownership of Reinertsen's Norwegian oil and gas services business. The purchase price is NOK 212.5 million (roughly $25 million).   The agreement excludes Reinertsen's liabilities as of December 19, 2016, when the company went into debt negotiation proceedings.   Reinertsen, the third-largest maintenance and modifications supplier offshore Norway with about 700 employees, has its main offices in Trondheim and Bergen, where Aker

Image: TechnipFMC

TechnipFMC Begins Operations Post-merger

TechnipFMC has begun operating as a unified oil and gas services company following completion of the merger of Houston-based FMC Technologies and paris-based Technip.   Now with a combined 44,000 employees, the new TechnipFMC will work on oil and gas projects, technologies, systems and services “from concept to project delivery and beyond” with headquarters in Houston, London and Paris.   A key focus for TechnipFMC will be project economics across subsea, onshore/offshore and surface, the company said in a press release.   "With our merger complete, TechnipFMC is

Ceona Amazon (Photo: Ceona)

Ceona Joins Forces with Interoil Angola

suited for work offshore, and at the same time continue to grow our strong footprint across West Africa.” Headquartered in Luanda and with a yard in Sonils, Interoil Angola’s core business is managing support vessels in-country. The company, which is registered with Sonangol, offers oil and gas services in alliance with technical partners.  Ceona is a SURF and heavy subsea construction contractor in the deepwater market, specializing in full-service engineering, pipelay and construction project management and execution.  The Ceona Amazon is a powerful, purpose-built hybrid

Fugro EMU Aims High in Marine Environmental Sector

is already paying dividends with all the component parts of the new organisation working to a common aim.” “Our track record of providing high quality consultancy, survey and analysis services will act as a springboard for further growth. We plan to further diversify our range of oil and gas services, while retaining the tailored, fit-for-purpose approach that clients and regulators have come to expect from us.”   Fugro EMU marine offshore services include: •    Environmental Impact Assessment (EIA) •    Oil Pollution Emergency Planning

Crawford Tennant (Credit:UTEC)

UTEC Exhibits Developmental Growth in EMEA

, partnerships and acquisitions. Crawford Tennant, new to UTEC, joins with the role of Regional Manager for EMEA based in Aberdeen. Crawford will manage the P&L and associated business functions needed to drive operational excellence.  Crawford comes with a solid track record in the oil and gas services sector having held senior positions throughout Europe, West Africa and Asia.   As part of this reorganization, UTEC has announced the promotion of Paul Youngson to Contracts Manager for EMEA, Aberdeen. The consolidation of Contracts and Commercial departments accentuates UTEC&rsquo

Martin Brown: Photo courtesy of Ince & Co

Law Firm Ince & Co Advise on Huge Jack-Up Rig Deal

or Luxembourg Stock Exchange.

The sole arranger was Pareto Securities AS and Pareto Securities Pte. Ltd., an independent investment bank headquartered in Oslo, Norway.
 About Oro Negro
 Oro Negro is a Mexican limited liability company created with the purpose of integrating diversified oil and gas services companies and assets.    

Bhumi Armardi FPSO: Photo courtesy of Bumi Armada

Indian FPSO Finance Secured by Malaysian Operator

Bumi Armada Berhad secures syndicated Indian banks term loan facilities of up to US$276.4-million for FPSO 'Armada Sterling'. Malaysia-based international offshore oil and gas services provider, company Bumi Armada Berhad announced today that its jointly controlled entity, Armada D1 Pte. Ltd. (Armada D1) has secured syndicated term loan facilities of up to USD276.4 million (facility) from Allahabad Bank, Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank and Union Bank of India. The facility will be used to part finance all costs and expenses in relation to the

Nam Cheong Sells PSV & Two AHTS

.4-million, bringing the total number of vessels sold this year to 21. The PSV and AHTS vessels are being constructed as part of Nam Cheong's build-to-stock series in one of its subcontracted yards in China. The 5,000 dead weight tonne PSV has been sold to a new customer, one of the major marine services providers to the offshore oil and gas industry in the Asia Pacific region. The two 5,150 brake horsepower AHTS vessels have been sold to Icon Offshore Berhad (“Icon Offshore”), which is one of Malaysia’s largest OSV groups. Icon Offshore has a portfolio of approximately

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