Technip announces the acquisition of a new construction support vessel
2009.06.15 -
Company News
Technip announces the acquisition of a new construction support vessel, the North Ocean 103, from Oceanteam ASA. The transaction has been completed through the purchase of the ship-owning entity, North Ocean III KS, for an undisclosed cash amount. The vessel is currently being built at the Metalships yard in Vigo, Spain and is scheduled for delivery in August 2009, prior to being fitted out to Technip’s specifications in 2009/2010.
This acquisition accelerates Technip’s strategy of renewing its fleet with state-of-the-art pipelay and construction vessels. The North Ocean 103 will enable the replacement of the Apache in 2010 with a wholly-owned vessel. This new vessel will carry out rigid pipelay operations in a wide variety of water depths.
Thierry Pilenko, Technip’s President and CEO, stated: “This operation illustrates our confidence in the Subsea market and reflects our willingness to enhance our competitiveness, using our liquid balance sheet to acquire world class assets and thereby reinforce our leadership.”
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.
