Oilfield services giant Schlumberger has this week introduced two interesting technologies for remote well operations and downhole reservoir testing, the Performance Live and the Symphony, respectively.Performance Live is a digital service that optimizes remote well site operations control…
Crane specialist Palfinger has recently won an order to deliver two jetty cranes at the maintenance base in The Netherlands for Ørsted's new Borssele 1 and 2 offshore wind farms (OWF) in the Dutch North Sea.While the wind farm is still under construction…
Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price outlook.The impairments follow the Anglo-Dutch company's decision to shift…
UK-based offshore services firm Rever Offshore has said it has recently completed a two-phase contract with Total E&P UK.Beginning in late March, Rever Offshore undertook an onshore project management and engineering campaign, accompanied by…
Offshore energy industry logistics provider Peterson has agreed on a contract extension with Shell for quayside, warehousing, and transport services from Peterson’s Lowestoft base in the UK.Peterson has supported Shell from the east coast of…
Offshore gangway specialist Ampelmann has won several new contracts in the offshore wind space.The company said Monday it had recently won five new deals to provide gangway systems to Norwegian offshore vessel owners BOA, Volstad, Olympic Shipping…
Offshore seismic data companies ION Geophysical and PGS have agreed to collaborate globally on 2D exploration data. 'Both companies have modern, high-quality multi-client data libraries that together cover all the significant hydrocarbon provinces around the world…
Norwegian oil company Aker BP has awarded an offshore maintenance and modification contract worth around $175,5 million to its compatriot offshore services provider Aker Solutions.The contract is for two years and is for maintenance and modification services at Aker BP's Ula…
Oslo-listed seismic data acquisition company Seabird Exploration has won a short-term contract for its Eagle Explorer vessel, and has also revealed a plan to sell its Harrier Explorer vessel for recycling.As for the contract, SeaBird said that…
British oil major BP will sell its global petrochemicals business to Ineos for $5 billion, a transaction delivering BP's divestments target a year earlier than originally scheduled.Brian Gilvary, BP’s chief financial officer, said: “With today’s…
Romania's OMV Petrom has provisionally won the rights to explore for oil and gas in a Black Sea block off the coast fo Georgia.OMV Petrom said Monday it had been selected as the winner of the open international tender held by the Ministry of…
Oilfield services group Hunting Plc has cut its workforce by a fourth as low oil prices and weak demand slammed most of its business units in the second quarter, the company said on Monday.The manufacturer and services provider, which had 2…
Oil and gas companies Energean and Edison have agreed to exclude Edison's Norwegian assets from the proposed sale of Edison's E&P business to Energean. Apart from the exclusion of Norway, the companies have also reduced the value of the deal by $111 million…
Spanish oil company Repsol has received consent from the Norwegian regulators for life extension of the Rev field in the North Sea.The field, part of production license 038 C, for which Repsol Norge is the operator is located near the UK border…
Offshore platforms delivering almost half of Norway's oil production might soon be powered from shore, which the government says, would reduce emissions considerably, given that Norway's mainland electricity comes mainly from hydropower and wind farms…