Industry News


Five-Year Deal: EnerMech to Service Chevron's Oil and Gas Facilities in Australia

Mar 10, 2021

UK-based oilfield services company EnerMech has won a five-year contract with Chevron to provide a range of integrated services to the U.S oil giant's Western Australian oil and gas facilities.  The deal will see EnerMech continue to deliver pipeline services including pipe cleaning…

Insulation Firm Kaefer Looking to Sell Minority Stake

Mar 10, 2021

German industrial insulation specialist Kaefer is exploring a sale of a minority stake, as it seeks to cope with fallout from the COVID-19 pandemic and low oil prices and to bolster its finances for future expansion, people close to the matter said…

Sparrows Scores 5-Year Crane Services Contract in U.S.

Mar 10, 2021

UK-based energy sector engineering and maintenance services company Sparrows, has said it has secured a new five-year contract with a major oil and gas operator to deliver crane services for seven of its onshore and offshore assets in the U…

Aker Solutions Names EVP for Sustainability

Mar 10, 2021

Norwegian offshore energy services company Aker Solutions has appointed Marianne Hagen has been appointed executive vice president for sustainability and communications in a push to expand its work on sustainability.'Last year, Aker Solutions…

Liebherr Ships First Main Crane Components for OHT's Alfa Lift Installation Vessel

Mar 10, 2021

Crane specialist Liebherr has informed that important components for a giant crane to be installed aboard OHT's Alfa Lift offshore wind foundation installation vessel, have departed from Germany and are now en route to China where the vessel is being built…

Namibian Marine Diamond Miner Reports Drop in Production as Demand Slumps

Mar 10, 2021

Debmarine Namibia, a subsidiary of Anglo American's diamond unit De Beers, on Monday reported a 13% drop in production to 1.125 million carats last year as demand slumped during the COVID-19 pandemic.Namibia has the richest known marine diamond deposits in the world…

Equinor Awards Long-term Frame Deals to Seismic Players PGS and Shearwater

Mar 10, 2021

Offshore seismic survey contractors PGS and Shearwater GeoServices have been awarded framework agreements with Equinor for 4D towed streamer seismic acquisition on the Norwegian continental shelf (NCS) in what Equinor said was a new way of working with seismic contractors…

Equinor Strikes Oil Near Johan Castberg Field in Barents Sea

Mar 10, 2021

Equinor and its partners Vår Energi and Petoro have discovered oil at an exploration well near the Johan Castberg development in the Barents Sea.Recoverable resources at the well - formally known as well 7220/7-4 - in production licence 532…

Gulf of Mexico: HWCG, Helix Extend Fast Oil Spill Response Agreement

Mar 09, 2021

Helix Energy Solutions Group has entered into a new agreement for offshore oil spill response resources with HWCG, a consortium of deepwater oil and gas companies in the Gulf of Mexico who have come together with the shared goal of quickly responding to offshore oil spills…

Maersk Training Launches Refurbished Safety and Survival Center in UK

Mar 09, 2021

Maersk Training UK has launched the first half of its refurbished Aberdeen safety and survival center which has undergone a £720,000 (~1 million) refurbishment 'to ensure it meets the needs of the industry as it looks to the future and the energy transition…

Chevron Doubles Noble Deal Synergies Target, Reaffirms Lower Spending Plans

Mar 09, 2021

Chevron Corp on Tuesday reaffirmed its lower spending plans, doubled the targeted savings from its Noble Energy deal, and unveiled new carbon intensity reduction goals, hoping to woo investors seeking higher returns and lower environmental impact…

UK Gov't Earmarks $127,7M for Green Energy Tech Challenge

Mar 09, 2021

The UK government on Tuesday launched three innovation challenges in the space of green energy sector including floating offshore wind, energy storage technology, and biomass production for which it allocated £92 million (~$127,7 million) in funding…

Seacat Nets Long-Term Charter for Seacat Rainbow at Beatrice Wind Farm

Mar 09, 2021

UK-based offshore vessel operator Seacat Services has said that its recently launched catamaran Seacat Rainbow has gone straight on to a long-term charter at the Beatrice offshore wind farm.Seacat Rainbow will support Operations & Maintenance…

Egypt: Shell Sells Western Desert Fields to Focus on Offshore Assets

Mar 09, 2021

Oil major Shell has agreed to sell its upstream assets in Egypt’s Western Desert so for US$646 million plus contingent payments, so it can focus on its offshore assets in the country.Shell will sell the Western Desert assets to a consortium…

Chrysaor Extends Offshore Asset Integrity Deal with Stork

Mar 09, 2021

North Sea-focused oil company Chrysaor has awarded Stork a 2-year contract extension to deliver offshore integrated specialist asset integrity services in the UK.Stork, a Fluor subsidiary, will continue to deliver an inclusive range of asset…

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