Company Updates

Dril-Quip, Inc., a leading developer, manufacturer and provider of highly engineered equipment and services for the global offshore and onshore oil and gas industry, and Innovex Downhole Solutions, Inc. (Innovex), a global leading provider of mission-critical technologies and services across the well lifecycle for the oil and gas industry, announced a definitive agreement under which Dril-Quip and Innovex will merge in an all-stock transaction to create a unique energy industrial platform. Upon closing of the transaction, Dril-Quip stockholders will own approximately 52% and Innovex stockholders will own approximately 48% of the combined company on a fully diluted basis.

Sentinel Subsea, a passive well integrity monitoring specialist, was crowned a winner at the prestigious 2024 Offshore Achievement Awards (OAAs) on March 14th 2024. Celebrating the pinnacle of industry innovation, Sentinel’s WellSentinel™ technology has been recognized alongside six other finalists in the Post-Commercial Deployment category.

Fugro announces its inclusion in the AEX® ESG Index as per Monday, March 18. The index is composed of the 25 companies that demonstrate the best environmental, social and governance (ESG) practices from the constituents of the AEX® and AMX®.

Massterly, the world’s first autonomous vessel operations company, announces the opening of its Remote Operation Centre (ROC) in Horten in Norway. This significant step marks a crucial transition from the testing phase to fully-fledged operational capabilities and positions Massterly as a global leader in autonomous shipping.

Simply Blue Group, a blue economy project developer headquartered in Ireland, has joined the North Sea Farm 1 Project (NSF1) consortium to develop the world’s first commercial-scale seaweed farm located within an offshore windfarm. Positioned off the coast of the Netherlands in the North Sea, the 10 ha farm is planned to become operational in autumn this year when it will be deployed and seeded, with the first harvest expected to be in spring 2025.

In a strategic move to strengthen its global market presence, Greensea IQ, a leading provider of marine robotics software and integrated solutions, proudly announces the signing of BUVI Scandinavia (BUVI) to join its international sales team. The signing took place at Oceanology International on the Greensea IQ stand (G200) and follows another recent signing of the Spanish sales representative Uniformidad Y Suminstros De Proteccion (USP).

On Tuesday, March 5, Danos Group Holdings finalized the acquisition of Performance Energy Services (PES), a 24-year-old Houma, LA-based company. The acquisition includes all PES business units, the Houma administrative office, and waterfront operations facility.

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