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Wood. reports 2018 pre-close trading update

Wood. reports 2018 pre-close trading update

“In the first half we have seen continued momentum in trading, cost and revenue synergy delivery. Increased activity in the first half has been led by minerals processing and automation & control. Our full year outlook is unchanged. We are continuing to see early signs of recovery in our core oil & gas market and good...

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i-Tech Services wins first contract under new vessel charter agreement

i-Tech Services wins first contract under new vessel charter agreement

I-Tech Services’ vessel MMA Pinnacle has secured its first inspection, repair and maintenance (IRM) contract with an integrated oil and gas services company, based in Malaysia. Following the signing of a long-term vessel charter agreement in the Asia Pacific region earlier this year, i-Tech Services’ MMA Pinnacle has secured its first inspection, repair and maintenance (IRM) contract...

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Maersk Drilling gets four-month extension for Maersk Intrepid

Maersk Drilling gets four-month extension for Maersk Intrepid

Maersk Drilling AS and the Maersk Intrepid rig have been awarded a 5-month contract for operational support on the Martin Linge field. Two extension options will also be exercised, and four new options will be added. Equinor has exercised two options of two months each for jack-up rig Maersk Intrepid. Maersk Intrepid initially had a contract...

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Ashtead Technology acquires Welaptega

Ashtead Technology acquires Welaptega

Ashtead, headquartered in Westhill, did not disclose the value of the acquisition. The firm said the deal “significantly strengthens” its subsea inspection capabilities. Global subsea equipment solutions specialist. Ashtead Technology has further bolstered its rapidly-expanding inspection, maintenance and repair (IMR) services. The announcement marks Ashtead’s third deal since it was acquired by Buckthorn Partners and...

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Ensign in ‘pole position’ to buy Trinidad after ultimatum

Ensign in ‘pole position’ to buy Trinidad after ultimatum

Ensign Energy Services (OTCPK:ESVIF +1.2%) may have gained the advantage in its bid to acquire Trinidad Drilling (OTCPK:TDGCF) after giving shareholders a tighter deadline to accept its cash offer or settle for a lower all-stock bid from Precision Drilling (PDS +4.9%), Bloomberg reports. Ensign Energy Services Inc. may have taken the upper hand in the battle to acquire Trinidad...

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Petrofac renews contract in Iraq for $50 million

Petrofac renews contract in Iraq for $50 million

Petrofac has secured a contract extension for four years with an undisclosed major client operating in the Iraq oil industry. The British company’s Engineering & Production Services (EPS) East division will handle the contract, which estimated at around $50 million in worth. The agreement sees EPS East continuing to supply specialised services to the client,...

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Canadian producers turn to trucks as supply glut grows

Canadian producers turn to trucks as supply glut grows

The highways of Saskatchewan show just how desperate Canadian oil producers are to get their crude to market. At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be...

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Libya’s oil supremo sees output reaching Qaddafi-era levels

Libya’s oil supremo sees output reaching Qaddafi-era levels

Brent crude oil futures as well as light, sweet crude for November and December delivery were up slightly Oct. 22 as the market turned its eyes to Saudi Arabia. BENGHAZI and CAIRO (Bloomberg) — Libya, one of the most volatile and politically fragmented oil producers, expects to pump as much crude by the end of...

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Ensco and Rowan drill down massive merger

Ensco and Rowan drill down massive merger

A merger deal between offshore drilling giants Rowan Cos. PLC and Ensco PLC is now in place, creating a new company consisting of 82 rigs operating across all continents, and is valued at around $12 billion. The joined fleet consists of 28 floating units, 54 jack ups and currently under construction, two drill ships. Twenty-five of those rigs...

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