GNPC Operating Services Company and Lloyd’s Register in a joint venture to deliver services to oil and gas sector in Ghana

31868380433 95505aca2a oLloyd’s Register has signed an agreement with GOSCO to form a joint venture dedicated to providing well project management, well engineering and associated site survey, geotechnical and rig inspection services, in the territorial waters of Ghana

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ABS approval awarded to Coltraco Ultrasonics for offshore safety products

product max mainColtraco Ultrasonics have confirmed that they have been awarded ABS Type Approval for two of its leading products used in offshore oil and gas and with navies worldwide

Further supporting the Coltraco Ultrasonics safeship solutions, the innovations have been designed to improve safety at sea for safety critical and high-value assets and infrastructure.

Portalevel MAX is a handheld ultrasonic liquid level indicator for testing cylinder contents of fixed fire extinguishing systems like CO2 and clean agents. UL, RINA, ABS, The Portalevel MAX is in its eighth incarnation and is designed to provide enhanced speed, operation, and performance, especially for high-intensity testing requirements. It is the first UL Approved ultrasonic level indicator that Coltraco Ultrasonics have ever produced. 

Portascanner Watertight is a portable ultrasonic watertight integrity indicator for testing the seals of hatch-covers, doors, multiple cable transits and more. RINA, ABS. It has been designed to primarily enhance the ease and accuracy with which critical watertight, airtight or weather tight seals can be inspected for leak sites or areas of reduced compression in the seal.

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Quantum and Interica partner to lower cost and increase efficiency of storing oil and gas project data

Clouds 5Quantum and Interica have announced a joint solution which enables oil and gas organisations to add cloud archive storage to their exploration workflows

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Amec Foster Wheeler announce take over by Wood Group worth £2.2bn

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Amec Foster Wheeler has agreed on a takeover by Wood Group worth £2.2bn (US$2.68bn)

In a deal that will bring together two of the United Kingdom's largest energy service companies, Wood Group and Amec Foster Wheeler have agreed on a multi-billion dollar takeover deal. The deal will create a company with a value of around £5bn (US$6.08bn). 

Wood Group hope that they can cut around £110mn (US$134mn) in costs from the combined business. The sectors covered by the new combined business will include the oil and gas, chemical and mining sectors. 

On 14 March, the shares in Amec Foster Wheeler increased by 14.7 per cent to GDP 5.61 (US$6.82) per share. The share price of Wood Group also grew by 4.4 per cent to GDP 7.85 (US$9.54) per share.

According to the BBC, Mark Wilson, an analyst at Jefferies, said: "While materially above our Amec valuation, we can see Wood Group consolidating its market-leading UK North Sea business, expanding product lines in the US and possibly increasing the scope for asset sales."

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Actemium awarded offshore maintenance contract from Total E&P Angola

Offshore platform on move to final destination Ilha de LuandaActemium Angola and Actemium Oil and Gas Maintenance have been awarded an offshore multidisciplinary maintenance contract by Total E&P Angola

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