Company Updates

Anadarko Petroleum Corporation (NYSE: APC) has announced a consolidation of its leadership structure. Since the beginning of 2015, Anadarko has sold nearly $7.5 billion of non-core assets in order to reposition and focus its business to deliver better returns and growth across commodity cycles. These management changes align with the evolution of the portfolio and strategic direction the company has taken.

MacGregor, part of Cargotec, has established its Head office in Singapore. This ends a period of more than three years where MacGregor has operated with a virtual head office. In line with MacGregor's strategy execution the company wants to strengthen its local presence in Asia and Michel van Roozendaal, President, MacGregor will relocate to Singapore as of 1 October 2017.

Danos and Petrofac, a London-based provider of oilfield services to the international oil and gas industry, have signed an agreement that will enable the formation of a Joint Venture (JV). The alliance will allow for the pursuit of joint opportunities to deliver services across the oil and gas asset life cycle, with a focus on supporting operations and asset management solutions in the Gulf of Mexico and U.S. shale plays.

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