Offshore Engineer Activity - page 1064


Scrap Heap Challenge for Marginal Fields

Feb 12, 2020

Succeeding with marginal developments was a central topic to an entire afternoon session and yesterday’s Subsea Expo event in Aberdeen.Led by the Oil and Gas Authority (OGA), it was a session with some genuinely new ideas and open minds on show…

DEME, Herrenknecht Building Special Drill for French Offshore Wind Farm

Feb 12, 2020

Belgium-based offshore installation specialist DEME Offshore and German builder of tunnel boring equipment Herrenknecht have teamed up to build a subsea drill to be deployed at the Saint-Nazaire offshore wind farm in France. This is the first…

ConocoPhillips Keeps Bristow Helicopters Busy at Ekofisk

Feb 11, 2020

The U.S. oil company ConocoPhillips has extended contracts for offshore helicopters services in Norway with offshore transportation giant Bristow.Under the extension, valid through August 31, 2024, and as part of two separate contracts, Bristow…

Oceaneering Scores Angola RLWI Gig with BP

Feb 11, 2020

Oil major BP has awarded subsea services specialist Oceaneering a contract for the provision of riserless light well intervention services in Angola.Oceaneering, which has described the contract award as meaningful, will provide the services at BP's offshore Angola Blocks 18 and 31…

Aker BP, Equinor Nearing Solution for NOAKA Development

Feb 11, 2020

Oil firms Aker BP and Equinor are close to resolving their dispute over how to develop a cluster of oil and gas discoveries in the so-called NOAKA area of the North Sea, Aker BP said on Tuesday. The new engineering design initially comprises 506 million barrels of oil equivalents (boe)…

Petrobras Breaks Oil Output Record, Boosted by Pre-Salt

Feb 11, 2020

Brazil's Petrobras hit a new production record in the fourth quarter, of over 3 million barrels of oil equivalent per day (boepd), thanks largely to the ramp-up of platforms in the prolific pre-salt formation, the state-run oil firm said on Monday…

TechnipFMC to Take $2.4B Impairment Charge

Feb 11, 2020

Oilfield services provider TechnipFMC said on Monday that it expects to take asset impairment charges of $2.4 billion in the fourth quarter as producers cut spending due to lower prices for oil and gas. TechnipFMC also said it expects 2019 revenue to be near $13…

Aker BP Q4 Profit Beats Forecast, Output to Rise 36% in 2020

Feb 11, 2020

Norway's Aker BP beat fourth-quarter profit forecasts on Tuesday and said it expects its oil and gas output to jump 36% in 2020, the first full year of production from the giant Johan Sverdrup oilfield.Chief Executive Karl Johnny Hersvik said…

Guyana to Agree to Oil Prices with Exxon Before Govt's First Export

Feb 11, 2020

Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday…

Europe Leads Global Activity Surge

Feb 10, 2020

A slew of reports so far this year suggest a confluence of the right factors for a strong, sustained surge in contracting activity — especially in drilling — seems to be developing, at least in Europe.Several indicators were in January pointing to key some snowballing of new activity…

Aker Energy Taps Fugro for Pecan Field Survey in Ghana

Feb 10, 2020

Aker Energy, a Norwegian oil company working to develop its Pecan field, offshore Ghana, has hired the Dutch offshore survey specialist Fugro to examine the seabed at the location ahead of the further Pecan infrastructure planning.The Pecan…

Somalia President Signs New Oil Bill into Law

Feb 10, 2020

Somali President Mohamed Abdullahi Farmajo has signed landmark petroleum legislation into law to help open up a new frontier market, the oil ministry said on Saturday. The upper house of Somalia’s parliament in January approved the petroleum…

Colombia: Ecopetrol, Shell in Deepwater Team-Up

Feb 07, 2020

Colombia's Ecopetrol and Anglo-Dutch energy giant Royal Dutch Shell have teamed up to develop three blocks in the Caribbean, the state-owned oil company said on Friday. Under the deal, Shell will acquire a 50% operating-stake in the Fuerte Sur…

Fugro Surveying i3's Offshore Drilling Locations

Feb 07, 2020

Dutch offshore survey company Fugro has started a site survey over oil company i3 Energy's UK North Sea licenses, ahead of the planned drilling campaign later this year.North Sea-focused oil company i3 said Friday that Fugro had started the…

Cost Cuts Pay Off for NOV

Feb 07, 2020

National Oilwell Varco beat estimates for its fourth-quarter profit on Thursday, as the oilfield services provider cut costs to counter an ongoing decline in North American drilling activity. Lower crude prices and investor demand for higher returns have forced U…

Current News

Hindustan Oil Exploration Company Pauses Output At West India Oilfield

DOF Group ASA Awarded Two Long-Term Contracts With Petrobras

Petrobas Awards Fugro Four Multi-Year Contracts

Shell Boosts Production from Norway’s Ormen Lange Offshore Field

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