Intertek Group, an inspection, product testing and certification company in London, has acquired International Inspection Services (Inspec), a UAE-based provider of inspection services, from Lamprell for $66 million, said a report.
Lamprell, a leading provider of engineering services, has launched a joint venture in Saudi Arabia, which will establish a presence for new build fabrication, refurbishment and repair of land drilling rigs.
The new joint venture Lamprel
Gulf Capital and Amwal AlKhaleej, two leading Middle Eastern alternative investment firms, have completed the sale of their portfolio company, Maritime Industrial Services (MIS) to a regional trade buyer.
The MIS sale of 100 per cent of th
UAE-based Lamprell said it has signed a deal with Eurasia Drilling Company (EDC), a major provider of onshore drilling services in Russia, for construction of a Le Tourneau designed super 116E jackup drilling rig in the Caspian Sea.
Lamprell, a leading oil and gas contractor in the region, is set to implement the Epicor 9 next-generation enterprise resource planning (ERP) solutions across its entire organisation.
Epicor, a leading provider of enterprise business softw
A boom telescopic mobile crane from Liebherr was used during the recent fabrication of the Seajack ‘Leviathan’ in the UAE, to lift and place the top two segments on each of the ‘leviathan’s’ four legs; speeding erection times.
Oil service stocks have taken a hit as crude prices slump and the economy slows, but UAE-based Lamprell expects no slowdown in drilling plans in the world's top oil exporting region.
US crude has fallen nearly $100 to around $53 from its J
UAE-based oil services firm Lamprell announced on Monday its biggest-ever contract, a $186 million drilling rig job.
Lamprell said it won the job, due for delivery in two years, from Riginvest, which had exercised an option transferred to
UAE-based oil services firm Lamprell is "comfortable" with consensus forecasts for revenue to rise 29 per cent to $600 million this year, its chief financial and chief operating officers said.
Lamprell is also on track to move to London's
UAE-based engineering services provider Lamprell has scored a $175.9 million deal from Scorpion Offshore to build a jack-up drilling rig.
This contract is for the construction and delivery of a completely outfitted and equipped LeTourneau