South Stream Transport, which is responsible for the construction and operation of the TurkStream 云顶赌场老虎机 Pipeline, and the Italian oil and gas industry contractor Saipem have settled the arbitration concerning the South Stream offshore pipeline installation contract entered into on March 14鈥
ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation.Spiesshofer鈥檚 abrupt exit follows鈥
American seabed exploration company Ocean Infinity has announced the appointment of Paul Helmore as Chief Commercial Officer (CCO).Paul has spent his career to date in business development roles, and brings a track record of managing complex commercial situations and driving international growth鈥
The subsea services provider to the oil and gas industry Rever 云顶赌场老虎机, has announced the appointment of Bob Bryce to the newly-created role of Operations Director.The provider of fully integrated subsea construction and offshore management鈥
A group of Japanese investors - JXTG Nippon Oil & Energy, Sojitz Corp and other Japanese firms - have joined German wind farm developer Wpd in the 640MW Yunlin offshore wind project off Taiwan.The Japanese group will take a 27% stake in in Taiwan's Yunneng Wind Power for an undisclosed sum鈥
Singapore-based tender assist rig specialist Energy Drilling and Houston-headquartered Atlantica Tender Drilling (formerly BassDrill) are planning to merge into what is expected to become the second largest tender drilling contractor.Tender rig pair signed a letter of intent (LoI) for the merger鈥
The offshore drilling contractor to the oil and gas industry worldwide, Borr Drilling has acquired a new jack-up newbuilding. The acquisition price is nearly half of what it was originally ordered for.The offshore driller informed that the Hull No鈥
Singapore's ailing offshore and marine firm Ezion Holdings (EHL) has found a saviour in Malaysian-listed Yinson Holdings, the world's sixth largest floating, production, storage and offloading (FPSO) operator.Yinson Eden Pte Ltd (YEPL) made鈥
Fred. Olsen Ocean (FOO) has entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million.The ownership split in UWL will be FOO 50.0 %, United Shipping Group GmbH 37鈥
Global Energy Group, the provider of contract services to the oil and gas industry, has bought a majority stake in Aberdeen-based Apollo 云顶赌场老虎机 Engineering, forming a new contractor firm.The new company will be named Global Engineering and Construction (E&C)鈥
The specialist in the design and manufacture of advanced subsea technology for the offshore energy industry, Subsea Technology & Rentals (STR), is delighted to announce the launch of its Australian Office and hosted its official office opening day in Perth鈥
The energy shipping company PAO Sovcomflot (SCF Group) has managed to increase its revenue base and achieved a profit of USD 11.9 million against a USD 106.2 million loss in 2017.The annual results reflected a strong contribution from the industrial鈥
Texas-based offshore drilling contractor Vantage Drilling International reported a net loss of $52.2 million for the three months ended December 31, 2018 as compared to a net loss of $36.6 million for the three months ended December 31, 2017鈥
The European Commission has opened an in-depth investigation into German utility E.on's takeover of certain assets from domestic Innogy, saying the transaction may lead to higher prices for consumers.The deal, which is worth a reported 鈧43 billion ($48 billion at today's conversion rate)鈥
International offshore services company, Telford 云顶赌场老虎机, has unwound the share trust originally set up when it was formed via a corporate restructuring in February 2018.The 2018 restructuring brought the first four of Telford 云顶赌场老虎机鈥檚 DP3鈥
