Offshore Engineer Industry News News


CNOOC, Sinopec Form Exploration Partnership

Jul 10, 2019

China's offshore oil and gas specialist CNOOC Ltd said on Wednesday it entered a framework deal with China Petroleum and Chemical Corp, or Sinopec Corp, to jointly study and explore mostly offshore oil and gas blocks.Under the deal, the two…

McDermott, COOEC Win EPCI 'Mega-Project'

Jul 10, 2019

McDermott International said it has been awarded a contract worth more than $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP)…

Murphy Oil Completes Malaysia Asset Sale

Jul 10, 2019

US-based independent Murphy Oil said it has completed the sale of its oil and gas assets in Malaysia to a subsidiary of Thai company PTT Exploration and Production (PTTEP).The transaction was announced in March 2019, with an effective economic valuation date of January 1…

Maersk Firm to Buy Wind Turbine Supplier

Jul 10, 2019

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.The acquisition marks a new direction for the family-owned company…

Saipem: Saudi Contracts Part of Gas Shift

Jul 10, 2019

Two contracts signed in Saudi Arabia for $3.5 billion by Italy's oil contractor Saipem are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.Saipem said on Tuesday it won two…

Subsea 7 Scores North Sea Contract

Jul 10, 2019

Offshore services firm Subsea 7 announced it has won a contract from Equinor for installation and diving operations on the Europipe II, Heimdal and Statfjord (EHS) fields, located in the Danish and Norwegian sectors of the North Sea.The deal is worth between $50 million and $150 million…

Bosse to Lead Wintershall Dea in Brazil

Jul 09, 2019

Valerie Bosse has been named Managing Director of Wintershall Dea's Brazil business unit, responsible for all activities of the newly merged company in the South American country.Wintershall Dea, which became Europe's largest independent gas…

Saudi Aramco Awards Contracts Worth $18 Bln

Jul 09, 2019

Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construction projects at its Marjan and Berri oilfields, the company said on Tuesday.Saudi Aramco plans to boost production capacity from the two fields by 550…

Allseas Buys Bluerise in Renewables Push

Jul 09, 2019

Offshore contractor Allseas says it has acquired Bluerise, a developer of ocean thermal energy conversion (OTEC) technology, in a push targeting the renewables industry.Based in Delft, the Netherlands, Bluerise, founded by Berend Jan Kleute and Remi Blokker…

Total Fined for North Sea Chemical Discharge

Jul 09, 2019

Denmark has fined French oil and gas major Total 500,000 Danish crowns ($75,145) for the discharge of chemicals in the North Sea by a company it bought in 2017, Danish broadcaster DR said on Tuesday.Maersk Oil, the former oil unit of shipping giant A…

Wärtsilä to Optimize PLSVs of Sapura Brasil

Jul 08, 2019

Subsea services specialist Sapura Brazil has signed a five-year optimized maintenance agreement with Wärtsilä.As per the agreement the the Finnish tech major will support Sapura’s fleet of six pipe-laying support vessels' (PLSV) operational…

Acteon Acquires Proserv’s Field Technology Services

Jul 08, 2019

Subsea services group Acteon announced on Monday it has acquired Proserv’s field technology services (FTS) business unit, including its surveying capability. The exact terms of the transaction were been disclosed.The services and facilities of the FTS business…

OKEA Taps ABB in Digitalization Push

Jul 08, 2019

Technology company ABB said it will support Norwegian oil and gas producer OKEA in an effort to achieve productivity gains using agile and dynamic business models, looking at areas such as autonomous operations, digital solutions and advanced services…

Equinor to Sell Shares in Lundin Petroleum

Jul 08, 2019

Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield.Equinor agreed to sell about 54.5 million Lundin shares at a price of 266…

DeepOcean Wins Vigdis Work

Jul 05, 2019

Subsea services firm DeepOcean said it has been awarded a contract from Norwegian energy company Equinor for marine operations for the installation of the Vigdis boosting station.The award to covers project management, engineering and offshore installation activities…

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