Oil & Gas
Cummins Inc. (NYSE: CMI) plans to produce dual fuel engines from 800 hp to 3500 hp (597-2610 kW) for high-horsepower markets. The first in the product portfolio, QSK50 Tier 2 for oil and gas well…
John Fredriksen's Seadrill says it continues to see strong demand for modern ultra-deepwater drilling rigs driven by high oil prices and large deep-water discoveries and increased development drilling. Specific interest, mainly from operators in West…
Cargotec has established a new offshore service center in Houston, Texas, which provides repair, upgrades and systems modernisations for rigs, vessels and platform operators. The center has a hydraulic test bed, which enables the repair…
Kurt Mix, a former engineer for BP plc, was arrested April 24 on charges of intentionally destroying evidence requested by federal criminal authorities investigating the April 20, 2010, Deepwater Horizon disaster, announced Attorney General Eric…
Rolls-Royce is to design, power and equip the advanced UT 737 CD subsea construction vessel ordered from STX OSV last month (see earlier story) by Island Offshore, in which the Chouest and Ulstein families are…
Dean Taylor (L) is to be succeeded as President and CEO of Tidewater Inc. (NYSE:TDW) by Jeffrey M. Platt (R). Mr. Taylor, who has held his present position with the offshore services giant since March…
TTS Group ASA has agreed to sell its drilling equipment business, a part of TTS Energy Division, and relevant subsidiaries, to Cameron International Corporation (NYSE: CAM) for $270 million, plus a turnover based earn-out model…
Cheniere Energy Partners, L.P. (NYSE Amex: CQP) reports that its subsidiaries, Sabine Pass Liquefaction, LLC and Sabine Pass LNG, L.P. have received authorization from the Federal Energy Regulatory Commission ("FERC") to site, construct and operate…
Aker Solutions has entered a long-term agreement with Statoil to provide a full range of heavy well intervention and light drilling services on the Norwegian continental shelf using an entirely new type of semisubmersible rig,…
Two weeks after its acquisition by Damen Shipyards, the former Sobrena shipyard in Brest, France, (now Damen Shiprepair Brest) has booked its first order. Bourbon Offshore Surf's Anchor Handling Tug Supply vessel Alcyon is in…
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