Anzett Signs Up with IPT in Norway Deal
Anzett has signed an exclusive distributorship agreement with Innovative Pressure Technologies (IPT), a leading US manufacturer of Ultra High pressure tube, valves and fittings.
The dealership covers the oil, gas and energy industries in Norway and gives Anzett a competitive advantage in this specialist market place. These products are used in many areas within the oil & gas and energy industries, including subsea systems, hydraulic systems and chemical injection applications and all are certified as compatible with existing manufacturers.
IPT specialize in the design and manufacture of precision high pressure valves fittings and tube which can cater for pressures up to 150,000 psi, fittings and other fluid control devices, and related components and accessories.
Based in Erie, Pennsylvania, IPT has over 35 years of manufacturing experience and is recognized as a leading provider in the field of valves, assemblies and individual components.
Petroleum Geo-Services ASA ('PGS' or the Company) announced today that it has entered into a definitive agreement to acquire Applied Geophysical Services, Inc. (AGS) for a price of USD 51 million, subject to certain adjustments for changes in working capital. PGS estimates an enterprise value for AGS of approximately USD 46 million. AGS is based in Houston, Texas and specializes in providing advanced depth imaging services. The transaction is expected to close during the course of this week.
Total announces the acquisition of a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex (60%, operator). These interests were held by ConocoPhillips. This acquisition is subject to the approval of the Australian authorities.
Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into contracts with Keppel AmFELS, Inc. for the construction of four Super 116E class jack-ups. The rigs will be built at AmFELS' Brownsville, Texas shipyard, with delivery scheduled at approximately four-month intervals beginning in the second quarter of 2010.
Gaz de France has acquired a 45% stake in the Alam El Shawish West licence in Egypt from Vegas Oil & Gas.
Trico Marine Services, Inc. (NASDAQ: TRMA) ("Trico") and Active Subsea ASA (NOTC: ASUB) ("Active Subsea") today announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea.