Irish-domiciled multinational oilfield services company Weatherford said it has made a major enhancement to its ForeSite production optimization platform, which combines physics-based models with advanced data analytics to improve performance across wells…
Total E&P Danmark A/S has awarded IKM Testing a contract for the Tyra redevelopment project on the Danish continental shelf. The contract, which includes cleaning and preparation for the removal of existing platforms and associated subsea pipelines…
Wood is using a global yet regional approach to complete offshore projects around the world.Kent McAllister, Wood’s president for capital projects upstream & midstream, called Equinor’s Peregrino 2 project a good example of that kind of global yet regional approach…
McDermott International announced Thursday it has secured a contract award by BP Trinidad & Tobago (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression Platform, located 57 kilometers southeast off the coast of Trinidad…
U.S. based Oceaneering International has secured three subsea umbilical contracts valued in excess of $80 million in total. The contracts with major international operators are to supply developments in the Mediterranean Sea, the North Sea and the South China Sea…
The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.DNV, a technical adviser to the energy industry, surveyed 791…
Italian services company Saipem announced Friday it has been awarded two engineering, procurement, installation and construction EPIC contracts from Saudi Arabian national oil company Saudi Aramco as part of the long term agreement for offshore activities in Saudi Arabia…
Shell will develop the third phase of its giant Norwegian gas field Ormen Lange with a subsea compression system, the oil major said in a statement on Friday.The company will either choose Schlumberger's Onesubsea or TechnipFMC to do the work…
Schlumberger NV on Friday reported quarterly revenue that topped estimates and forecast single-digit growth in international markets this year even as crude prices have tumbled roughly 30 percent since October.With the drop in oil prices many producers were evaluating spending budgets for 2019…
Well control and engineering services company Wild Well Control announced it is expanding its Montrose facility at South Ferryden, U.K.Wild Well, a Superior Energy Services company, maintains its WellCONTAINED subsea containment system at Montrose Port…
Neptune Energy has awarded certification agency Bureau Veritas a four-year contract to provide second- and third-party inspection services for the new Fenja oil and gas field development, offshore Norway.The Fenja field in the Norwegian Sea is estimated to hold 100 million barrels of oil…
Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade.Australia's largest independent gas and oil producer plans to spend between $1…
Exxon Mobil subsidiary Esso Australia Pty Ltd. awarded integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts to Subsea Integration Alliance, which comprises OneSubsea, a Schlumberger company…
With the oil and gas market heating up in Brazil, many foreign service providers are looking to set up shop in Brazil with an eye on new opportunities.Although the South American country's main attraction will continue to be exploration and production (E&P) in post-salt and pre-salt acreage…
Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday.OMV owns a 25…