Bilfinger Secures Johan Sverdrup Contracts
German based Bilfinger said on Tuesday it has received follow-up orders from its contract partner, the Norwegian service company Aibel, that are to tie in with phase 1 of the Equinor operated Johan Sverdrup oil field project on the Norwegian continental shelf.The overall scope of work includes the offshore hook-up, installation, and completion of the…
Carlyle Group Acquires EnerMech from Lime Rock Partners
Global alternative asset manager The Carlyle Group announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from Lime Rock Partners.The transaction is expected to close in Q4 2018, subject to customary anti-trust and regulatory…
EnerMech Acquires Denholm Valvecare
EnerMech is expanding its valves division with the acquisition of the UK valves business of Denholm Valvecare (DV). The global integrated engineering services group has acquired the UK trade and assets of the valves division of family-owned Denholm Oilfield Services for an undisclosed sum. EnerMech expects its UK valves business to generate around £7m ($9.9 mln) revenue in 2018 following the deal…
Wood Group Wins Valero Energy Refinery Contract
Wood Group has secured a new five year framework agreement with Valero Energy, an international manufacturer and marketer of transportation fuels, petrochemical products and power. Effective immediately, Wood Group Industrial Services (WGIS), Wood Group PSN’s industrial service line business, will provide services to the onshore Pembroke refinery in south west Wales.
Wood Group Lands Prelude Deal
Wood Group has secured a three year contract with Shell Australia’s Prelude, Floating Liquefied Natural Gas (FLNG) project. Perth-based Wood Group Kenny will provide specialist consultancy services for flexible riser integrity management prior to and during operation of Prelude FLNG, which will be located 475km north-north east of Broome in Western Australia.
EnerMech Records Group Profits
Mechanical engineering group, EnerMech, grew revenue by 27 percent in 2014 with turnover rising to £258.9 million from £202.5 million, while profits (EBITDA) increased from £14.2 million to £26.7 million. In the latest accounts to December 2014 lodged at Companies House, EnerMech’s U.K. division pushed up revenue on the previous year from £131.5 million to £141.7 million and recorded profits after tax of £4.5 million.
Wood Group Wins Australian FEED Contract from Shell
Wood Group has secured a front-end engineering and design (FEED) contract for the Woodside-operated proposed Browse floating liquefied natural gas (FLNG) Development. Under a new 12 month contract awarded by Shell, Wood Group Kenny (WGK) will carry out flow assurance and process integration studies for the proposed development's three offshore gas-condensate fields - Brecknock, Calliance and Torosa.
EnerMech Secures $53.4m Cranes Contracts
EnerMech has secured six new or renewed cranes and lifting contracts in the UK North Sea sector valued in excess of $53.4 million. The Aberdeen headquartered mechanical engineering group agreed extensions to contracts with Apache North Sea, Maersk Oil and Marathon Oil, and first time or additional workscopes with Centrica Storage/HRL, Aker Solutions and a number of projects on behalf of Technip.
ECM to Sell Rental Division to Sunbelt
ECM Energy Services, Inc. has entered into an Asset Purchase Agreement to sell its equipment rental division to Sunbelt Rentals Industrial Services, LLC. The transaction is expected to close in September and is subject to many customary conditions. The terms of the agreement are confidential. Kevin Groman, CEO of ECM, said, "Sunbelt Rentals is a stellar company…
Germany's Bilfinger Cuts Costs after CEO Exit
Q2 group adjusted EBITA 65 mln euros vs 93 mln last year. Power division EBITA drops to 9 mln euros; shares up 4.9 pct, top performer on MDAX. German industrial services group Bilfinger, whose chief executive resigned last week after two profit warnings, said cost cuts in the second half of the year should help cushion an expected fall in annual profit.
EnerMech to Add 150 Staff to Australian Operation
International oil and gas services group, EnerMech, has strengthened its operations in Australia with the appointment of two senior oil and gas industry professionals. Craig Wilson and Phil Ellwood will join the EnerMech team as it pushes forward with plans to establish itself as Asia Pacific’s leading oil and gas mechanical services supplier. EnerMech…
