Sunday, December 16, 2018

Houston News

 

Baker Hughes Rolls Out Subsea Connect

Nov 30, 2018

New lightweight, modular subsea technologies could reduce not just lead times for equipment delivery but lower the total cost of ownership for the full life of the field.Baker Hughes, a GE company, revealed its thinking on subsea developments during the launch event in Houston earlier this week. The Subsea Connect system is centered around Project Connect, reservoir to topside technology solutions…

Major Traders Bribed Petrobras Staff -Prosecutors

Dec 05, 2018

Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business.The alleged graft was the latest finding of the country's sweeping 'Car Wash' investigation…

Forum Taps Gaut as CEO

Dec 03, 2018

Houston based Forum Energy Technologies, Inc. announced Monday that C. Christopher Gaut will return to the role of Chief Executive Officer to replace outgoing CEO Prady Iyyanki. Gaut will continue to serve as Chairman of the BoardGaut, a seasoned oil and gas industry executive…

McDermott Wins Subsea Work from Shell

Nov 27, 2018

McDermott International, Inc. announced Tuesday it has been awarded a contract from Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, for new subsea umbilical and flowline installation at the Great White Frio development in Alaminos Canyon Block 857 in the U…

SBM Orders Second Fast4Ward FPSO Hull

Nov 21, 2018

SBM Offshore signed a contract Wednesday for a second hull in its planned series of Fast4Ward floating production, storage and offloading units (FPSO) with Chinese shipyard Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS).The order…

McDermott Bags Petrobras Contract

Nov 20, 2018

McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program.The contract covers the implementation of the ultra-shallow segment of the new Rota 3 gas export pipeline…

Shrinking Numbers of Jobless Could Mean Engineer Scarcity

Nov 20, 2018

Norway’s overall, oil-fueled economic expansion may be hampering the offshore industry from recruiting the engineering talent it needs, just as signs of recovery appear from segment-to-segment.More openly than ever, a Norway-based offshore industry…

Lomax Joins TEMS International

Nov 19, 2018

Aberdeen-headquartered oil and gas service company TEMS International has appointed Nicola Lomax to the newly created role of QHSE manager as it continues to expand its workforce in response to growing demand for its services.Lomax will be responsible for developing and managing the firm’s health…

Gulf Island Sells Texas North Yard

Nov 16, 2018

Gulf Island Fabrication said on Thursday it has completed the sale of its North Yard facilities and associated equipment in Aransas Pass, Texas.The Houston based builder of offshore structures and vessels announced the $28 million sale in September…

SBM Offshore: $45 Mln in Extra Impairments in Q3

Nov 15, 2018

SBM Offshore, the Netherlands-based maker of floating oil and gas production facilities, on Thursday said it expected $45 million in impairments in Brazil and the United States.In Brazil, SBM Offshore has decided to temporarily close the Brasa…

PGS Sells OptoSeis to Geospace Technologies

Nov 14, 2018

Norwegian marine geophysical company PGS said it has sold its OptoSeis fiber optic sensing technology business to Houston based Geospace Technologies.The transaction includes an initial cash payment at closing of $1.8 million, plus contingent cash payments of up to an additional $23…

Tailwind Completes EOG UK Acquisition

Nov 09, 2018

London-based Tailwind Energy  has announced the completion of the acquisition of Houston-headquartered oil and gas firm EOG Resources's UK portfolio.  The oil and gas venture announced two months ago it has agreed with EOG Resources Inc to acquire EOG’s UK business…

Decommissioning Gets into Deep Water in GoM

Nov 08, 2018

LOC Group’s Houston office provides perspective on decommissioning developments in the Gulf of Mexico.The Gulf of Mexico basin covers approximately 1.6 million km2 and is one of the most important petroleum production regions in the world. A…

Ashtead Inks Rental Deal with Oceaneering

Nov 07, 2018

Independent provider of subsea equipment rental, sales and services to the offshore industry Ashtead Technology Limited announced Wednesday that it has secured a global master lease agreement with a wholly-owned subsidiary of global oilfield services provider…

ConocoPhillips Announces Leadership Changes

Nov 01, 2018

Houston based E&P company ConocoPhillips announced it has realigned its executive leadership team following news that its executive vice president, Production, Drilling and Projects Al Hirshberg will retire.Effective January 1, 2019, Matt Fox…

Current News

Oil Slips 2 Percent

Oil Slips 2 Percent

Solstad Scores Long-term Charter with Total

Solstad Scores Long-term Charter with Total

Europeans Sweep Record US Offshore Wind Auction

Europeans Sweep Record US Offshore Wind Auction

BP Green Lights Trinidad, Tobago Gas Projects

BP Green Lights Trinidad, Tobago Gas Projects

Norne FPSO Extended Through 2036

Norne FPSO Extended Through 2036

Sonangol, ExxonMobil Ink Exploration Deal

Sonangol, ExxonMobil Ink Exploration Deal

Op/Ed: CCS Needs to Start With a Bang, Not a Whimper

Op/Ed: CCS Needs to Start With a Bang, Not a Whimper

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