Oil Related Services and Equipment

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Rem Offshore ASA says delivery of vessel under construction is postponed

Friday, 19 Dec 2014 03:00am EST

Rem Offshore ASA:Postponed delivery of vessel under construction.Contracted in June 2014 an OCV vessel at Vard Group AS for delivery in Q1 2016.Due to present marked conditions Rem Offshore ASA and Vard Group AS has agreed to postpone delivery of vessel.New delivery of vessel will be Q1 2017.Remaining terms are unchanged.

Quadrise Fuels International PLC to purchase of MSAR MMUs

Thursday, 18 Dec 2014 02:00am EST

Quadrise Fuels International PLC:Says agreement has been signed with ENH Engineering A/S (ENH) to purchase up to two proprietary MSAR Manufacturing Units (MMUs) designed for the processing of refinery heavy residues and production of MSAR fuel emulsions.Says ENH is a supplier of high quality bitumen emulsion manufacturing plant to the international refining and asphalt industries.

Amec Foster Wheeler PLC announces acquisition of Scopus

Monday, 15 Dec 2014 02:30am EST

Amec Foster Wheeler PLC:Says it has acquired Scopus Group (Holdings) Limited (Scopus), a market-leading laser scanning, dimensional control and lean engineering company whose precise survey data is used to engineer piping and structural solutions for global oil and gas industry.Says Scopus will continue to offer independent services to its customers while building on Amec Foster Wheeler's presence in 50 countries and extensive customer base.

Technip announces plans to acquire Zimmer Polymer Technologies

Monday, 15 Dec 2014 01:00am EST

Technip:Says that it has entered into an agreement with Air Liquide Global E&C Solutions Germany to purchase all of its Zimmer polymer technology business.Says based in Frankfurt, Germany, the business includes technologies for the processing of polyesters and polyamides, research and development facilities, and a team of around 40 skilled engineers, researchers and project teams.The transaction is expected to close by year-end.

Technip does not intend to file tender offer for CGG

Sunday, 14 Dec 2014 01:00pm EST

Technip:Informs the market that it does not intend to file a tender offer for CGG.On Nov. 10 Technip approached CGG's Board of Directors with a view to making an offer on CGG.Following CGG’s reaction to this approach, Technip put forward a number of alternative options to a tender offer.Discussions of these options did not result in any form of agreement.

Technip does not intend to file tender offer for CGG

Sunday, 14 Dec 2014 01:00pm EST

Technip:Informs the market that it does not intend to file a tender offer for CGG.On Nov. 10 Technip approached CGG's Board of Directors with a view to making an offer on CGG.Following CGG’s reaction to this approach, Technip put forward a number of alternative options to a tender offer.Discussions of these options did not result in any form of agreement.

Amec Foster Wheeler updates on acquisition of Foster Wheeler

Monday, 8 Dec 2014 12:43pm EST

Amec Foster Wheeler:Says through its wholly owned subsidiaries AMEC International Investments BV and A-FW International Investments GmbH, enters into a merger agreement with Foster Wheeler AG.To acquire remaining outstanding share capital of Foster Wheeler not currently owned by Amec Foster Wheeler.As previously announced, on Nov. 13, Amec Foster Wheeler completed an exchange offer for entire issued and to be issued share capital of Foster Wheeler and, as a result, indirectly acquired 95.275 pct of the outstanding Foster Wheeler shares.Amec Foster Wheeler intends to complete the acquisition of Foster Wheeler by effecting a squeeze-out merger under Swiss law pursuant to the terms of the merger agreement signed on Dec. 08.Foster Wheeler shareholders who did not tender into the exchange offer will receive, for each Foster Wheeler share held, a combination of $16.00 in cash.Also receives either 0.8998 Amec Foster Wheeler shares, if shareholder's address on books and records of Foster Wheeler is outside US or 0.8998 Amec Foster Wheeler American depositary shares, if shareholder's address on books and records of Foster Wheeler is in US.Cash portion of consideration will be increased by an amount equal to the Amec Foster Wheeler dividend of 0.148 pounds announced by Amec Foster Wheeler on Aug. 07 for each Amec Foster Wheeler share or Amec Foster Wheeler ADS received.

FTS International Bonds Inc completes acquisition of J-W Wireline

Monday, 8 Dec 2014 09:30am EST

FTS International Bonds Inc (FTSI):Completes acquisition of substantially all the assets of J-W Wireline Company (J-W Wireline).

Cypress Energy Partners LP announces acquisition of Salt Water Disposal Facility

Friday, 5 Dec 2014 05:29pm EST

Cypress Energy Partners LP:Has acquired a salt water disposal facility from an affiliate of its North Dakota partner SBG Energy Services LLC.Says acquisition for total cost of about $2.6 mln in cash.

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