Technip to acquire majority Inocean stake

Inocean and Technip enter into a strategic cooperation agreement to further develop offshore floater engineering services for the Norwegian continental shelf and other offshore markets worldwide.

Jon Erik Borgen, CEO of Inocean

Technip has also agreed to acquire a majority stake in Inocean.

Inocean will provide Technip with regulatory competence within NORSOK standards and other relevant regulations.

“In addition, we will bring hull and naval architecture technology services, including early phase work, hereunder FEED studies, to provide services to the oil and gas market on the Norwegian continental shelf and other regions,” Inocean said in a release.

Jon Erik Borgen, CEO of Inocean, declared: “As a world leader in project management, engineering and construction for the energy industry, we think Technip will contribute to accelerating the development and capabilities of Inocean.

“Inocean will continue to operate as we do today, supporting new and existing clients with high-end design and engineering services,” says Jon Erik Borgen.

 

Press Release, June 25, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply