Oilfield services provider Petrofac reported a 16.7% drop in core profit for 2019 on Tuesday and reiterated forecasts of a decline in revenue this year as it recovers from a hit to orders in Saudi Arabia and Iraq last year.Petrofac officials…
Ensuring assets remain safe and sustainable through quantitive engineering analysisAs the world continues to demand energy sources, there is mounting pressure on hydrocarbon producers to find new reserves and extract more from existing assets…
The decommissioning market is making a comeback, with new fields of opportunity, and challenges, opening. TSB Offshore President Will Speck shares insights on the path ahead.With the decommissioning market slowly recovering, TSB Offshore is…
Crown Estate Scotland (CES) has appointed global engineering and consultancy firm Arup as specialist reviewers for ScotWind Leasing, the new leasing round for offshore wind projects.Arup will work together with CES to finalize the approach to evaluating applications from developers…
On the back of several major consultancy and maintenance optimization contracts wins in offshore and onshore oil and gas exploration space, Lloyds Register has appointed Yvo Yansen as Global Business Development Director for Energy business…
Malaysian oil company Petronas Carigali has contracted Tanjung Offshore Services for the delivery of a mobile offshore production unit.Tanjung Offshore Services has won a contract with a consortium Partner VME Process Systems Malaysia. The contract is for the provision of leasing…
Global classification society and digital solutions provider DNV GL has teamed up with MSC, a provider of Computer-Aided Engineering (CAE) simulation software and services, to improve the productivity of engineers working on maritime and offshore engineering projects…
UK high voltage engineering specialist EDS HV Group has completed consultancy work at Vattenfall's 407MW Horns Rev 3 (HR3) wind farm off Denmark.Vattenfall’s Horns Rev 3, located off the coast of Denmark, contains 49 8.3MW MHI Vestas turbines…
The market for floating production, storage and offloading units (FPSO) is heating up. Séverine Baudic, SBM Offshore’s Managing Director for Floating Production Solutions, weighs in on the strategic initiatives and technological innovations…
UK-based offshore equipment specialist Sparrows Group has signed a deal for the delivery of three cranes for Qatargas' giant North Field offshore expansion project.Sparrows said Wednesday the contract was secured through McDermott International…
Eddyfi/ND, on non-destructive testing specialistd+ providing services for energy, mining, transportation industries announced today the acquisition of the subsea inspection company Halfwave, headquartered in Bergen, Norway. Halfwave is the owner…
Petrofac Emirates, a subsidiary of the UK oilfield services company Petrofac, has signed two contracts worth $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates to deliver offshore platforms and gas processing facilities…
The UK offshore decommissioning specialist Well-Safe Solutions has awarded 'significant work scope' to Schlumberger for the provision of Plug and Abandonment Well Services.The company, formed in 2017, said the Schlumberger scope included the supply of cementing service…
Stavanger-based offshore services provider Endur Energy Solutions, a subsidiary of Endur, will file for bankruptcy, on the back of weak results.The parent company Endur in the fourth quarter of 2019 reported a total turnover of NOK 122 million…
The global offshore wind farms (OWF) that are set for start-up this year will make 2020 the year with the highest ever use of steel jacket foundations for new developments, Norwegian energy intelligence firm Rystad Energy said in a report on Thursday…
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