Dresser-Rand purchases Gimpel Valve business from Tyco Flow Control Apr 10, 2007
Dresser-Rand Group Inc. has acquired the Gimpel business from Tyco Flow Control, a reporting unit of Tyco International. Gimpel products include a line of trip, trip throttle, and non-return valves to protect steam turbines and related equipment in industrial and marine applications. Terms of the sale were not disclosed.

Basic Energy closes Sledge acquisition Apr 5, 2007
Basic Energy Services, Inc. has completed the previously announced acquisition of all of the outstanding capital stock of Sledge Drilling Holding, Corp. ("Sledge") for a total acquisition price, net of estimated working capital, of approximately $56 million.

Truestar announces joint venture with Petron Resources to explore Guatemalan project Apr 5, 2007
TrueStar Petroleum Corporation has formed a joint venture with Petron Resources, LP (Petron), an independent, Texas based, oil and gas exploration company, to explore and develop the PSC 4-93 license area in Guatemala.

Husky gets approval to increase White Rose Production Apr 4, 2007
Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc., announced that the company has received regulatory and government approval to increase production to 140,000 barrels per day at the White Rose oil field, 350 kilometres southeast of St. John's, Newfoundland and Labrador.

Great Artesian granted Victorian blocks VIC/P63 and VIC/P64 in the offshore Gippsland Basin Apr 3, 2007
Great Artesian Oil and Gas Limited has received advice from the Victorian Department of Primary Industries, on behalf of the Joint Authority, of the grant of offshore Gippsland Basin permits VIC/P63 and VIC/P64 to the company.

The FPSO Polvo fully equipped with the HERNIS 400 Control System Apr 3, 2007
HERNIS recently delivered the CCTV System and Equipment for the FPSO POLVO. The delivery comprises several HERNIS EX286W, PT9W, S7 Camera Stations and HERNIS 400 Control System with the latest Compact Matrix including Digital Recording to capture every video image on each Camera Station. The Factory Acceptance Test was conducted in HERNIS Regional Office, Singapore in the presence of PROSAFE representatives and with great success.

ABB wins $110 million in marine orders Apr 2, 2007
ABB, the power and automation technology group, has signed contracts worth more than $110 million to supply Azipod propulsion, power-generation and power-distribution systems for 19 new vessels being built in Europe and Asia.

Grenland Group signs large agreement on the Vega project Apr 2, 2007
Grenland Group has agreed to sign a letter of intent with FMC Technologies, Kongsberg, for the fabrication, assembly and testing of three large sub sea structures for Norsk Hydro`s Vega project, offshore Norway.

BPCL, HPCL win OK for direct tanker charter Mar 30, 2007
The Indian federal government has allowed state-owned oil companies, Bharat Petroleum and Hindustan Petroleum to charter ships directly for oil transportation instead of going through the government's ship chartering agency, Transchart, it was understood Friday.

Dresser-Rand’s $50M turbo to drive Gjoa exports Mar 30, 2007
Houston-based rotating-equipment maker Dresser-Rand will supply 30-megawatt turbo-power machinery for Statoil’s semi-sumbersible production platforms at the Gjoa field 50 kilometres off southeast Norway.

Caspian Services, Inc. adds seismic source vessel to its fleet Mar 30, 2007
Kazakhstan based Caspian Services, Inc. has finalized the purchase of a specialized shallow water seismic source vessel, to add to the existing fleet of vessels operated by its wholly-owned subsidiary, Caspian Services Group Ltd.

Ferguson Modular awarded Woodside Angel contract Mar 30, 2007
Ferguson Modular Ltd announced a major £1million (AU$2.5 million) contract award from Woodside Energy Ltd, Australia’s largest independent oil and gas operator.

Otto to accelerate exploration at Filipino oil licences with increased equity position Mar 30, 2007
Otto Energy Limited has increased its equity position at its SC51 and SC55 Filipino oil licence permits by 20% through successful negotiation with Canadian Vital Resources Corp “Vital”.

Oil States expands oil-sands building boom Mar 29, 2007
Workers braving Canada’s oil-sands development in northern Alberta will be housed in an expanded Wapasu Creek Lodge, after Houston-based supplier group Oil States on Thursday announced plans to build for US$18 million more.

BP tightens Aker Kvaerner bond in $29M well deal Mar 28, 2007
BP in Norway will have Aker Kvaerner personnel and equipment provide well-intervention services at five fields across the Norwegian continental shelf, the supplier-contractor heralded Wednesday.