Rolls-Royce has signed a major contract to supply a complete module handling system to the subsea construction vessel Aker Wayfarer. The vessel was built by Vard Søviknes in 2010 and will now undergo project modification work at ... Read More


  Foster Wheeler AG (Nasdaq:FWLT) ("Foster Wheeler" or the "Company") announced that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited ("MDM") o... Read More


  Inge GmbH, a subsidiary of BASF SE and technology leader in ultrafiltration (UF) membranes, has secured the biggest project in company’s history and will supply high-capacity ultrafiltration technology for a desalination plant in ... Read More


  Singapore, October 20, 2014: Sembcorp Marine wishes to announce that its subsidiaries Sembmarine SLP and Jurong Shipyard Pte Ltd have secured offshore energy related contracts valued at a combined S$222 million. Sembmarine SLP Limit... Read More


  Wood Group Kenny has been awarded the front end engineering design (FEED) for the subsea and pipeline element of the Peterhead Carbon Capture and Storage (CCS) project in Aberdeenshire. The project, the world's first full-chain CCS ... Read More


  President and CEO Helge Lund has informed Statoil’s (OSE: STL, NYSE: STO) board of directors that he will resign. Helge Lund has chosen to leave Statoil to take up the position as CEO of another international oil and gas compa... Read More


  Statoil (OSE: STL, NYSE: STO) has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share ... Read More


  CB&I (NYSE: CBI) today announced it has signed a contract for nearly $90 million with Abu Dhabi Marine Operating Co. (ADMA-OPCO) to conduct a major overhaul of five crude oil storage tanks on Das Island, the site of ADMA-OPCO's ... Read More


  Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group plc (LSE: BG.L), a world leader in exploration and LNG, has received a $350 million payment. This reduces the company&rsqu... Read More


  ABB, the leading power and automation technology group, has won an order from Armada Kraken Pte Ltd, a subsidiary of Bumi Armada Berhad, a Malaysia-based international offshore oilfield services provider.  ABB will provide powe... Read More