Kiwan, Saygi, Henderson join AlMansoori

Mousa Kiwan, Erhan Saygi, and Peter Henderson have joined AlMansoori Specialized Engineering, Abu Dhabi, or subsidiaries of the company in executive positions. Source: News


House Energy and Commerce Committee approves pipeline safety bill

The US House Energy and Commerce Committee unanimously passed HR 5050, the pipeline safety reauthorization bill, on Apr. 27. The action followed the Transportation and Infrastructure Committee’s approval of its own pipeline safety bill, HR 4937, a week earlier. Source: News


Fitch: Depressed drillship price reported

Ocean Rig UDW Inc.’s recently announced acquisition of a deepwater drillship at less than 10% of its newbuild cost provides yet another signal of the dim market outlook for offshore drillers, Fitch Ratings said Apr. 27, saying the sale established a new offshore rig valuation low. Source: News