Offshore service group Prosafe has won a £92million deal to provide an accommodation vessel for a major North Sea project.
Reef Subsea Group said last night its chief executive, Mark Preece, was stepping down by mutual agreement. The Norwegian firm added: "Mr Preece will be leaving the company immediately to pursue other interests. The board wishes him every success in his new pursuits."
US conglomerate GE is buying Norwegian firm Naxys for an undisclosed sum. The company is a provider of subsea leak detection and condition monitoring sensors based on passive acoustic technology.
Voracious GE (General Electric) is gobbling up Norwegian firm Presens, a provider of pressure, temperature and flow measurement systems.
Oil and gas firm Premier Oil said today it had agreed a deal to increase its stakes in two Norwegian fields.
A recruitment drive will take place over the next two years by oilfield engineering group Aker Solutions.
Aberdeen-based oil and gas explorer Xcite has signed a letter of intent with Norwegian firm Ocean Installer for subsea work on the Bentley field.
THE Aberdeen-based Rotech group of companies has sold its subsea business to Norwegian firm Reef Subsea in order to focus on engineering and fabrication work.
North-east company SeaHold GEOSHIPS said yesterday it was expanding its fleet to three with the charter of two new multi-purpose offshore vessels worth a combined £80million.
VALIANT Petroleum said yesterday the next 18 months had the potential to create a "step change" for the business as it announced strong first-half results.
North-east oil and gas consultant Altra Energy has seen annual turnover rocket to more than £5million since it came under the wing of its current owner.
Fresh fears have been raised about safety on oil rigs and platforms after it emerged that Norwegian authorities have had to close a gas field because of a problem with lifeboats.