Global asset lifecycle support specialist EnerMech has confirmed a three-year extension deal with Petrofac, taking the two company’s working relationship beyond the 10-year mark.Having held the contract since 2012, the 57-strong Aberdeen and…
U.K. gas company IOG announced the spudding of the Blythe development well in the U.K. North Sea.Following Elgood, Blythe is the second development well in IOG's Phase 1 project and is expected to take under three months to drill and complete…
Oil prices were heading towards three-year highs on Tuesday, towing petrocurrencies and bond yields with them, after the world's main oil producers failed to agree on production plans.Europe's stocks spluttered at the prospect of faster inflation…
North Sea-focused oil company Chrysaor has awarded Stork a 2-year contract extension to deliver offshore integrated specialist asset integrity services in the UK.Stork, a Fluor subsidiary, will continue to deliver an inclusive range of asset…
The global offshore wind operations and maintenance (O&M) market is expected to grow 16% annually to reach US$12 billion (€10 billion) by 2029, with opportunities for both existing and new players, energy intelligence group Wood Mackenzie said in a report on Tuesday…
Quality assurance and certification firm DNV GL granted type approval for IBM’s Maximo Enterprise Asset Management (EAM) software, a tool that helps ship owners maintain their vessels in accordance with international regulations.The certification process for Maximo version 7…
SAP SE and DNV GL have teamed up to deliver a new industry cloud solution, Corrosion Under Insulation (CUI) Manager, designed to tackle a major problem facing the integrity of oil and gas plants. CUI is seen as one of the largest maintenance…
ARMS Reliability said it has reached an agreement with floating production solutions provider MODEC to assist with optimization and rapid strategy development of asset maintenance management philosophy for MODEC’s newest floating production…
Norwegian oil and gas company OKEA has appointed Trond Omdal as new VP Investor Relations.'Mr Omdal has extensive experience from equity research and petroleum market analysis, management consulting and investment banking. He most recently worked…
China's CIMC Raffles has informed that the CIMC Gretha semi-submersible crane vessel left Curacao earlier this month and is on its way back 'home' to China.'CIMC Gretha, the semi-submersible platform managed by CIMC Raffles Asset Management Company…
Singaporean conglomerate Keppel Corp said on Tuesday it had identified assets worth S$17.5 billion ($12.8 billion) that could potentially be monetized, including through sales, and started a review of its loss-making offshore and marine (O&M) business…
Offshore drilling contractor Stena Drilling has had its asset management software system on six offshore rigs replaced.The company hired UK-based tech firm SRO Solutions which, over the course of 14 months replaced its existing asset management system with IBM’s Maximo software…
Dutch offshore services company Fugro has won a 3-year inspection, repair and maintenance (IRM) contract with Seamec in India.Under the contract, Fugro will support Seamec's asset management project for oil company ONGC off the west coast of India…
Offshore service provider ODE, part of DORIS Group, has won a duty holder contract from NEO Energy (NEO) for the Babbage field in the Southern North Sea.'This is a significant ODE milestone as the first installation and pipeline operator (duty holder) appointment in the UK Continental Shelf (UKCS)…
LOC announced, as part of its digital services, the launch of a new technology offering enabling remote advanced surveying by use of aerial drones and remotely operated underwater vehicles (ROV), which will be applied to a range of assets both onshore and offshore…
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