FMS, a leading independent supplier of mooring equipment to the global oil and gas industry, has secured a three-year contract with BP on Aug. 22 for the provision of mooring equipment for its North Sea operations.
Established in 2009, Aberdeen-based FMS will commence the contract in July 2019.
“This award demonstrates our capability and capacity to support the mooring equipment requirements for one of the leading operators in the UKCS,” Steven Brown, managing director for FMS, said.
Providing expertise in marine, technical, positioning and mooring equipment services, FMS’ company-owned fleet of mooring equipment encompasses the latest design and technology available in the industry.
As part of its growth strategy, FMS continues to invest heavily in mooring equipment which will be available to the market for sale or rental.
Offshore operations in the Gulf of Mexico will thrive with improving economics, while in the shale fields ... not so much; a new generation of leaders takes over following the retirement of a slew of industry icons, and just in time to tackle investor pressure on ESG issues, continuing consolidation and the pursuit of capital; and then there's the 2020 U.S. presidential election, in which the subject of energy is likely to play a prominent role.
Lilis Energy’s bank lending group agreed to extend payments to cure its borrowing base deficiency—marking the second payment extension for the struggling Permian Basin operator so far this year.
Callon Petroleum and Carrizo Oil & Gas said Dec. 20 that shareholders from both companies voted to approve its pending merger, which had initially faced shareholder opposition.