Teledyne acquires gas and flame detection business
California based Teledyne Technologies Incorporated has successfully acquired the gas and flame detection business of manufacturing company 3M for US$230mn in cash
Industry
James Fisher Offshore expands Middle East footprint
James Fisher Offshore (JFO), provider of specialist offshore engineering solutions, has announced that it is expanding its Middle Eastern footprint by establishing bases in Saudi Arabia and Dubai
Upstream oil and gas M&A and capital raising deals totalled US$130.5bn in Q2 2019
Global mergers and acquisitions (M&A) and upstream growth in the oil and gas sector totalled US$130.5bn in Q2 2019, according to data and analysis firm GlobalData
OCIMF issues update of major assessment guide for floating oil facilities
The Oil Companies International Marine Forum (OCIMF), the trade body for the oil industry, has published the second edition of its Guidelines on the Marine Assessment of F(P)SOs
Sparrows Group first to achieve certification in Saudi Arabia
Aberdeen-based Sparrows Group’s Saudi business became the first company in the kingdom to receive an Approved Service Provider Recognition for crane maintenance and overhaul by the American Bureau of Shipping (ABS)
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