Gulf of Mexico: Helix Energy Solutions Buys Alliance Group of Companies
U.S. based offshore well services company Helix Energy Solutions Group has finalized the previously announced acquisition of the Alliance group of companies, bolstering its decommissioning footprint in the Gulf of Mexico.Alliance is a Louisiana-based privately held company that provides services supporting the upstream and midstream âindustries in the Gulf of Mexico shelf, including offshore oil field decommissioning and âreclamation, project management, engineered solutions, interventionâŚ
Helix Energy Solutions to Buy Alliance Companies to Boost Presence in Gulf of Mexico Decommissioning Space
U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration.Alliance is a Louisiana-based privately held company that provides services supporting the upstream and midstream âindustries in the Gulf of Mexico shelf, including offshore oil field decommissioning and âreclamation, project managementâŚ
Decom North Sea to Host âLunch and Learnâ
Decom North Sea (DNS), the offshore oil and gas decommissioning forum, is hosting a âlunch and learnâ event to give supply chain companies the opportunity to present their offshore decommissioning capabilities and encourage knowledge share among members. The event will take place on Wednesday, March 19, at the Doubletree by Hilton Hotel, Aberdeen, from 12-2 p.m. The event will include a presentation from Claxton Engineering, a company providing a broad range of cutting and abandonment services using methodologies that have been deployed on more than 260 well abandonments and slot recoveries.
Coretrax Moves to New Purpose Built Facilities
Aberdeen-based oilfield services firm, Coretrax, has moved to a new purpose built HQ with an investment of £2.4million into the office and workshop space. Formed in 2008, the company had outgrown its previous offices in Altens, Aberdeen. The firm moved last month to accommodate its range of wellbore cleanup and abandonment tools and its growing team. The new 25,000sqft facility is named âTechnology Houseâ and is based in Gateway Business Park near Altens. The office will ensureâŚ
Well Abandoment in the Spotlight at ICoTA Event
The challenges facing well abandonment in a mature province will be the focus of the latest lunch and learn session hosted by leading oil and gas industry body ICoTA European Chapter in Aberdeen on Tuesday, September 18. Representatives from TAM International will start the event with a presentation on how inflatable technology has been successfully used for well abandonment and deployed on slick line, coiled tubing and drill pipe, followed by a presentation on innovation in abandonment services by Baker Hughes.
Parker Terminates Deal
Parker Drilling Company and Superior Energy Services, Inc., have jointly agreed to terminate their merger agreement, in which Parker was to acquire Superior in an exchange of stock. In connection with the termination, Superior will make a cash payment to Parker in settlement of certain obligations under the merger agreement. Superior, in Harvey, La., provides oilfield tool rentals, well plug and abandonment services, and other specialized products to companies operating in the Gulf of Mexico and Gulf Coast regions. Parker, in Tulsa, Okla., is an international provider of offshore and on-land drilling services and oilfield tool rentals.
Parker Terminates Deal
Parker Drilling Company and Superior Energy Services, Inc., have jointly agreed to terminate their merger agreement, in which Parker was to acquire Superior in an exchange of stock. In connection with the termination, Superior will make a cash payment to Parker in settlement of certain obligations under the merger agreement. Superior, in Harvey, La., provides oilfield tool rentals, well plug and abandonment services, and other specialized products to companies operating in the Gulf of Mexico and Gulf Coast regions. Parker, in Tulsa, Okla., is an international provider of offshore and on-land drilling services and oilfield tool rentals.
