Offshore Engineer Industry News News


Tullow Shares Soar on Guyana Find

Aug 12, 2019

Tullow Oil PLC said on Monday it has made a large oil discovery in Guyana, sending its share price soaring on expectations that it will develop a productive field in the South American country's nascent oil industry.Shares London-based Tullow…

Petrobras Sells Stakes in Brazil Oilfields

Aug 12, 2019

Brazil's state-controlled oil company Petrobras sold stakes in a set of oilfields known as Polo Macau, located in the country's Potiguar Basin, to SPE 3R Petroleum for $191.1 million, the company said on Friday.Petrobras, or Petróleo Brasileiro SA…

Petrolia NOCO Names Høie Managing Director

Aug 12, 2019

Norwegian E&P company Petrolia NOCO AS has appointed Linn Katrine Høie as its new managing director.Høie comes to Petrolia NOCO with broad experience from the energy sector, most recently working with digitization of field development in Aker BP…

ABB Names Rosengren as CEO

Aug 12, 2019

Björn Rosengren has been appointed as the new chief executive officer of ABB, the Swiss engineering and technology company announced on Sunday.Rosengren, a Swedish citizen, will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1…

COOEC, Expro Team up for RLWI

Aug 12, 2019

Two providers of subsea and well intervention solutions, China based offshore and subsea solutions company COOEC Offshore and oilfield services company Expro, have formed an alliance agreement to expand capabilities and resources.COOEC Offshore…

Ryder Geotechnical Opens New Headquarters

Aug 09, 2019

Ryder Geotechnical, a provider of geotechnical design and consulting services to the offshore oil and gas and renewables sectors, said it has opened its new headquarters in central Newcastle. The office will host a team of five but has the space to double over the coming year…

Heerema Wins More Offshore Wind Work in Taiwan

Aug 09, 2019

Heerema Marine Contractors said it has won another contract to support offshore wind project development in Taiwan, this time in the middle of the country.The Greater Changhua offshore wind projects consist of four sites in the Taiwan Strait…

Mermaid Reports Subsea Contracts

Aug 09, 2019

Mermaid Maritime announced that its Middle East and Southeast Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of $7.4 million.The first highlighted scope of work, commencing in the third quarter of 2019…

Unlocking Production Optimization Insights

Aug 08, 2019

Oilfield services company Weatherford said it has integrated Microsoft's Power BI business analytics service into its ForeSite production optimization platform, in a move to enable customized, asset-level operational insight.The Power BI features…

Anadarko Shareholders Go for Cash in Oxy Buyout

Aug 08, 2019

Shareholders of Anadarko Petroleum Corp on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp, ending a short-lived contest that pitted two of the most storied names in the oil industry against one another…

Subsea Innovation Workshop Humming

Aug 08, 2019

Launch and recovery systems (LARS) specialist Subsea Innovation, part of Tekmar Group, said its workshop is currently busy with five systems in progress and soon to be dispatched.In the previous 12 months the company has delivered a range of new and refurbished systems…

BHP Sanctions Ruby Project

Aug 08, 2019

BHP Group said on Thursday it has approved $283 million in funding to develop the Ruby Project offshore in Trinidad and Tobago.Total investment in the project, in which operator BHP holds a 68.5% stake, is about $500 million, the company said…

Exxon Looks to Spur Norwegian Asset Sales

Aug 08, 2019

U.S. oil major Exxon Mobil has hired investment bank Jefferies to sell the stakes it holds in oil and gas fields off the Norwegian coast, which could fetch up to $4 billion, banking sources said.Exxon said in June that it was looking to test market interest for its Norwegian upstream portfolio…

Hybrid Propulsion for Acta Centaurus

Aug 08, 2019

Acta Centaurus, a new DP2 walk-to-work offshore wind construction support vessel owned by Netherlands-based Acta Marine, will be fitted with hybrid propulsion capability from Wärtsilä, the Finland-based technology group announced on Thursday…

Valaris Extends RigNet Deal

Aug 07, 2019

Houston-based networking solutions provider RigNet said it has signed a multi-year contract extension with offshore driller Valaris (formerly EnscoRowan).Under the agreement, RigNet will continue to provide Managed Communication Services including…

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