FMC Technologies Signs Enterprise Framework Agreement With Shell
2010.12.23 -
Company News
Under the agreement, Shell's business units in the Americas intend to utilize FMC for all deepwater subsea equipment projects within the scope of the agreement, unless tendering is otherwise required. Specific scope of supply includes subsea trees, mounted controls, processing equipment, manifolds, sled components, jumpers and various other hydraulic, chemical, electrical and control systems. This agreement for deepwater subsea equipment is also available for use by other Shell global business units as may be allowed by local commercial and legal requirements.
"FMC Technologies has had a longstanding alliance with Shell for projects in the Gulf of Mexico," saidJohn Gremp, President and Chief Operating Officer of FMC Technologies. "In addition, we have supported a variety of Shell's international projects, such as Parque das Conchas, Gumusut and a number of other offshore and surface developments. This agreement is a significant addition to our relationship and we are excited about the future prospects it holds."
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.
