MacGregor Enhances Customer Support in Americas

MacGregor, part of Cargotec, has extended coverage and capability to support all their customers’ service needs in the Americas. The announcement comes following the acquisitions of Rapp Marine and TTS in 2018 and 2019 respectively. MacGregor now has over 80 service personnel in place supporting the full product range across the Merchant, Cruise, Offshore, Naval... Continue Reading →

McDermott gets approval for reorganization plan

The U.S. Bankruptcy Court for the Southern District of Texas has confirmed McDermott’s plan of reorganization and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital. McDermott filed for Chapter 11 bankruptcy in late January 2020 to eliminate $4.6 billion of debt. The company announced the confirmation of... Continue Reading →

Sandvik Divests Drilling and Completions Unit

Engineering group Sandvik has completed the divestment of Sandvik Drilling and Completions (Varel) to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. Sandvik will remain a minority owner of 30% of the company and hold a position on the board. Continue reading

BP awards subsea job in Angola to TechnipFMC

TechnipFMC has been awarded a significant integrated engineering, procurement, construction, and installation (iEPCI) contract from BP Angola for the Platina field development, located offshore Angola. The Platina field is located in Block 18 at water depths ranging from 1,200 to 1,500 meters. TechnipFMC said on Tuesday that the contract covers the manufacture, delivery and installation... Continue Reading →

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