Other News

PMAC on top with strategic acquisition.

North Sea and Asia-Pacific subsea inspection specialists Pmac (Process Monitoring and Control) have added topside inspection services to their growing portfolio with the acquisition of Oilfield Corrosion Monitoring Services (OCMS) for an undisclosed sum.

Oil & Gas

Acquisition by Global Energy reinforces Middle East push

Aberdeen-based Rigfit Offshore (UK), the specialist accommodation outfitting arm of Global Energy Group can now press ahead and expand into the Middle East as a result of taking over Seven Seas International. The deal to acquire manufacturing facilities in Dubai and Bahrain for an undisclosed sum significantly enhances the Rigfit offering and adds to its existing operations in Sharjah, UAE. Moreover, it fits precisely with Global Energy’s strategy of creating a family of hubs around the world to drive internationalisation of the Scottish group.

Oil & Gas

Halliburton, Baker Hughes to sell additional businesses

Halliburton and Baker Hughes will sell additional businesses in connection with the former's pending acquisition of its smaller rival. In November last year Halliburton announced its proposed acquisition but in recent month it has run into regulatory hurdles with US antitrust enforces who believe the merger will lead to higher prices and less innovation. Halliburton said in April that it would sell three of its drilling businesses and on Monday said it had received proposals from multiple interested parties for each business.