Sparrows Group announced on Wednesday it haws been awarded its first contract to deliver deck operations services in the UK Continental Shelf (UKCS) from supermajor BP.The Aberdeen-based equipment and services firm said the contract builds on…
Gulf Marine Services said on Wednesday Chief Executive Officer Duncan Anderson has resigned as the oilfield industry contractor warned a reassessment of its ships and contracts showed profit would fall this year, kicking its shares 12% down…
Norwegian energy company Equinor has taken a 50% stake in Argentina's largest offshore block as part of its collaboration with the South American country's state-controlled oil firm YPF.Equinor said on Wednesday it has signed a preliminary agreement…
Australia's largest oil and gas operator Woodside Energy will leverage Schlumberger's DELFI cognitive cloud-based software environment in an effort to increase consistency, reduce study cycle time and foster innovation in its subsurface characterization and development activities…
Oilfield equipment and service provider National Oilwell Varco has begun trimming its workforce for the second time this year, two people familiar with the matter said this week, as oil producers cut spending budgets.The Houston, Texas-based…
Offshore equipment and services company Deep Down announced it has received an order from Shell for work related to its Kaikias development in the U.S. Gulf of Mexico.The order is for the design, engineering, manufacturing and installation of…
Sentiment in the US offshore oil and gas industry is “generally upbeat” heading into the nation's next Gulf of Mexico lease sale, according to trade group National Ocean Industries Association (NOIA).On Wednesday in New Orleans, the Bureau of Ocean Energy Management (BOEM) will offer 77…
Sparrows Group said its US business has become the first company in the US to be certified as a Recognized External Specialist by the American Bureau of Shipping (ABS) for Dropped Objects Risk Inspection and Program Audits.Sparrows has provided…
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said.Aramco's planned IPO, which could potentially raise $100 billion…
Chorley, UK based high pressure engineering company KW Designed Solutions said it has recently restructured, launching a new company KW Pressure Testing and introducing the KW Group to manage both firms, as part of a complete rebrand.A new state-of-the-art…
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured an engineering and technical services contract to support Total and SOCAR’s exploration and production activities in Azerbaijan, the UK Services company announced on Monday…
Worley subsidiary INTECSEA has been awarded a project management consultancy (PMC) contract by Reliance Industries Ltd (RIL) for the MJ Field deepwater gas and condensate project offshore India.Under the contract, INTECSEA will provide PMC services…
The U.S. Bureau of Ocean Energy Management (BOEM) as approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash…
London-headquartered energy services group Hunting said it has acquired the business and assets of US-based riser technologies manufacturer RTI Energy Systems (RTIES) for a total cash consideration of $12.5 million, funded from existing cash resources…
Offshore drilling contractors Seadrill and Gulf Drilling International (GDI) have entered into a 50/50 joint venture, GulfDrill, which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020…