OEG Energy to Buy Dutch Offshore Services Firm Bluestream Offshore
Offshore solutions firm OEG Energy Group Limited said Monday it had agreed to acquire Bluestream Offshore, a specialist in subsea and topside services based in the Netherlands, for an undisclosed consideration.Based in Den Helder, Bluestream is an offshore contractor providing specialist technical services above and below the waterline to a roster of blue-chip clients within the energy sector.According to OEG, Bluestream has a turnover in excess of €55 million executed through an employee base of around 55 people and more than 300 offshore subsea and topside specialists. "They are
Halliburton, Baker Hughes Beat Profit Estimates as International Demand Offsets Weak N. America
Halliburton Co and Baker Hughes beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. While oilfield drilling has seen a resurgence abroad, particularly in regions like the Middle East and Latin America, since Russia's invasion of Ukraine, weaker oil and gas prices have forced U.S. shale producers to cut oil rigs. "Growing economic uncertainty continues to drive commodity price volatility globally... Market softness in North America is expected to be more than offset
Offshore Services Firm Acteon Names Bruggaier as New CEO
Offshore energy industry services company Acteon Group Ltd has appointed Dr Bernhard Bruggaier as Group Chief Executive. He succeeded Dr Carl Trowell, effective from January 1, 2023.Bruggaier joined Acteon’s subsidiary MENCK in 1994, became its Managing Director in 1998, and joined Acteon’s executive management team following the acquisition of MENCK in 2003. After that, Bruggaier served in various senior strategic and operational management roles before being appointed Chief Operating Officer in 2018 and joining Acteon’s Board of Directors in 2021.Chairman of the Board
TechnipFMC Splits the Company in Two
Oilfield services company TechnipFMC on Tuesday said it had completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies.TechnipFMC, created in 2017 through a merger between France-based Technip and U.S.-based FMC Technologies, announced its intention to separate into two independent public firms in August 2019 - one focused on upstream activities - Technip FMC - the other on midstream and downstream - Technip Energies.According to the company's detailed description, Technip Energies an Engineering & Technology company for the energy
February 2025
