Offshore drilling contractor ARO Drilling has deployed IFS Applications on 16 of its offshore drilling rigs. IFS, a software solutions company, said in a statement its applications helped ARO „to unify mission-critical business processes across…
Brent oil prices steadied on Wednesday, paring early gains as markets assessed whether deeper output cuts by major producers would be enough to offset the impact of the coronavirus outbreak. Brent crude was down by 1 cent at $51.85 a barrel at 0915 GMT…
The Norwegian energy company Equinor has received a regulatory consent to use the Topaz modular drilling rig at the Heimdal field in the North Sea, offshore Norway. More specifically, the Petroleum Safety Authority Norway has given its approval for the Equinor to install…
Australian oil and gas company Santos will not be farming into Melbana Energy's Beehive prospect sitting in the shallow waters in the Bonaparte Basin off W. Australia.Santos had an option to acquire an 80 percent interest in the offshore block in exchange for drilling costs of one exploration well…
Malaysian energy services firm Uzma has a contract with Shell for plugging and abandonment work offshore Malaysia.Under the letter of award signed with Shell's subsidiaries in Malaysia, Uzma will provide platform wells plug and abandonment campaign…
Oilfield services giant TechnipFMC has won a front end engineering design (FEED) contract for the development of the offshore IM gas condensate field at Etinde, Cameroon. The Etinde Permit (former Block 7) lies in shallow water in the Rio del Rey Basin…
Sandvik reports it has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield.Mero is an expansive pre-salt oilfield in the Santos Basin offshore Rio de Janeiro with immense oil production potential…
North Sea-focused oil and gas company Spirit Energy has signed an agreement to divest two non-core Danish assets to INEOS.Spirit Energy will, as part of the deal, sell to Ineos two of its companies with licenses in Denmark. The two companies jointly own 40% in the Hejre discovery and 27…
Subsea inspection services firm Welaptega has said it has recently completed mooring inspection projects for FPSOs owned Eni and ExxonMobil in Nigeria.Welaptega undertook inspection services on ENI’s Abo FPSO, on the western edge of the Niger Delta…
OPEC's proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market and lift prices to $60 a barrel, Leonid Fedun, vice-president of Russian oil producer Lukoil, told Reuters. The comments from Fedun…
February 2020 was a record month for offshore wind energy production in the Belgian sector of North Sea, the Belgian Offshore Platform has informed.According to the industry body also known as BOP, offshore wind turbines in Belgium reached 804…
Brazil's government is unlikely to auction the remaining production rights to the 'transfer-of-rights' (TOR) offshore oil zone until 2021, Economy Ministry Subsecretary Waldery Rodrigues told Reuters on Friday.The TOR area is a prolific oil-producing region off the Brazilian coast…
Malaysian offshore vessel owner Nam Cheong has secured contracts for six offshore vessels, raising its orderbook to RM318.2 million ($75.6 million).The company said Tuesday it had clinched chartering contracts for six OSVs with foreign oil majors worth RM116…
Offshore wind turbine installation company Fred. Olsen Windcarrier has ordered a Huisman crane for one of its jack-up units.Huisman, based in Schiedam, The Netherlands, said Monday it would supply a 1,600mt Leg Encircling Crane, capable of installing…
Wintershall DEA Norge has received consent to used the Island Constructor well-intervention vessel at its Vega and Maria offshore fields in Norway.The Petroleum Safety Authority Norway said Monday that its consent applied for the use of the…