Cargotec continues to deliver MacGregor cranes fit for Arctic conditions
2009.08.19 -
Company News

Cargotec has secured an order for six of its MacGregor knuckle-jib crane units from STX Europe. The cranes are specifically designed to operate in severe climatic conditions and extreme air temperatures and will be installed on three icebreaker tugs, designed by Aker Arctic Technology Inc. The units are scheduled for delivery throughout the period between June 2010 and January 2011.
This order builds on a proven performance of MacGregor offshore load-handling equipment in extreme conditions, such as the Arctic, and follows the delivery of two large offshore cranes and two oil-offloading systems to Russian company Sevmorneftegaz for use in the Prirazlomnaya field – a forerunner to the Shtokman project – in the Barents Sea.
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.