Offshore & subsea - 22 June 2015

Independent Oilfield Services is set to make an investment of up to £10 million in order to develop its site at Peterhead.

Baoham Offshore is set to become the first privately owned offshore vessel owner in China, with Global Maritime Group as design partner.

Whilst the Kashagan field in Kazakhstan remains strong, Azerbaijan’s ACG project has achieved its peak, according to GlobalData.

A few recent appointments in the upstream oil and gas industry including news from Total, TGS, Ceona, AFGlobal, FairfieldNodal, Sparrows Group, Wellesley Petroleum, Statoil, IWCF and Flotek.

A contract renewal for operations and maintenance work, worth approximately US$400 million on the UK Continental Shelf has been secured by Petrofac.

Data processing will be performed by TGS using its proven proprietary broadband technology.

The crash in oil prices has led to a dramatic decline in the number and value of awards for FPSO units.

The International Marine Contractors Association is advertising for a Chief Executive Officer and a Technical Director.

Harkand will deliver project management and engineering services to Maersk around their drill rig programme.