Offshore Engineer Industry News News


Kvaerner Eyes FPSO, Renewables Growth

Sep 16, 2019

Norwegian engineering and construction services company Kvaerner said it will ramp up its focus on floating production and renewables projects in an effort to achieve 40% growth within two years.Going forward, Kvaerner will expand operations…

Pharis Mulls Steam Flooding at Pilot Field

Sep 12, 2019

Engineering consultancy Crondall Energy said it has been awarded a contract by Pharis Energy to deliver a concept select study for the operator’s heavy oil Pilot field development in the Central North Sea.According to a statement issued today by Crondall Energy…

Tidewater Converting OSV to Hybrid Power

Sep 12, 2019

KONGSBERG has been contracted to deliver hybrid power solution for the Tidewater Marine offshore supply vessel (OSV), Bailey Tide.As a single supplier under the terms of the contract, KONGSBERG said it will deliver and install a K-Pos DP (Dynamic Positioning)…

Neptune to be Ready for IPO by April 2020

Sep 12, 2019

Private-equity backed oil and gas firm Neptune Energy plans to be ready for an initial public offering by April next year, Chief Financial Officer Armand Lumens said on Thursday.Neptune, backed by the Carlyle Group and CVC Capital partners and headed by former Centrica boss Sam Laidlaw…

Weatherford Inks $87 Mln Deal with Petrobras

Sep 11, 2019

Oilfield services company Weatherford announced it has secured an $87 million contract for fishing and intervention services with Brazilian-based multinational corporation Petróleo Brasileiro S.A., more commonly known as Petrobras.Weatherford…

GE to Shed Majority Control of Baker Hughes

Sep 11, 2019

General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday…

Mexico Gives Pemex $5 Bln to Pay Debt

Sep 11, 2019

Mexico's government will give state-owned Pemex $5 billion so the world's most indebted oil company can pay off bonds, part of a plan to shore up accounts that also includes refinancing other bonds, the company said on Wednesday.Pemex, burdened by some $104 billion of debt…

SeaBird Tallies Australasia Survey

Sep 11, 2019

Marine seismic surveyor SeaBird Exploration said it has been awarded a contact to acquire 2D seismic data in the Australasia region. The survey is due to commence during the fourth quarter of 2019 and is estimated to run for approximately three to four months plus mobilization…

Gulf Marine Services Delays Results

Sep 11, 2019

Shares in Gulf Marine Services were expected to fall about 10% in early trading on Wednesday after the oilfield industry contractor said the publication of its first-half results would be delayed.Gulf Marine, which was expected to report results on Wednesday…

Olis Robotics Partners with Forum Energy Technologies

Sep 11, 2019

Under a new agreement, subsea products and services firm Forum Energy Technologies will provide global sales, distribution and support of Olis Robotics' remotely operated underwater vehicle (ROV) controllers for the offshore energy market, the mobile and remote robotics software company said…

API Issues New Integrity Management Rules

Sep 10, 2019

The American Petroleum Institute (API) published three new integrity management (IM) standards for operating offshore floating production platforms, including facilities designed to produce natural gas and oil, and export liquefied natural gas (LNG)…

Sif Opens Japanese Sales Office

Sep 10, 2019

Steel tubular manufacturer Sif said it has opened a Tokyo sales office in a move to capitalize on developing offshore wind projects in the region.The company said in a statement that it has closely followed market developments in Japan since 2015 and…

DOF Subsea Upgrades ROV Fleet

Sep 10, 2019

Subsea services provider DOF Subsea has equipped a further three of its Brazilian offshore vessel fleet with hybrid acoustic and inertial navigation technology from Sonardyne Brasil Ltda.Sonardyne’s SPRINT-Nav all-in-one subsea navigation instruments…

Subsea 7 CEO Will Retire at Year End

Sep 10, 2019

Offshore services company Subsea 7 announced that Jean Cahuzac will retire from his position as CEO at the end of this year, and will be succeeded from January 1, 2020 by John Evans, who is currently COO.Cahuzac has been in the industry for 41 years and CEO for Subsea 7 since 2008…

Siemens Plans to List Energy Unit in 2020

Sep 10, 2019

Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday.The German conglomerate said in May that it was spinning off its gas and power business, which has dragged on the German…

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