Offshore & subsea - 06 May 2016

A team led by AJ Jain, Harkand North America Managing Director, has agreed to a management buyout of Harkand’s North American and African business.

Baker Hughes Inc. has announced that the international rig count for April 2016 was 946, a decrease of 39 from the 985 counted in March 2016.

A new oilfield drilling technology firm, Extreme Rock Destruction, has been announced in Texas, USA.

New applications demonstrate value to major operator.

These projects combined are a substantial brownfield award for McDermott and have a total scope, which includes the EPCI for jackets and topsides, subsea pipelines and subsea cables.

Kearl workforce levels have been reduced to essential staff only in response to the fires in the Regional Municipality of Wood Buffalo.